Profile
Sector:
IndustrialsIndustry:
Integrated Freight & LogisticsCountry:
United StatesIPO:
05 March 1993Website:
http://www.landstar.comNext earnings report:
29 January 2025Last dividends:
19 November 2024Next dividends:
N/APrice
regular market | 10 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
LSTR Latest News
LSTR is affected by reduced demand for freight services and increased truck capacity.
LSTR's third-quarter 2024 earnings and revenues decrease year over year.
Landstar System, Inc. (NASDAQ:LSTR ) Q3 2024 Earnings Conference Call October 29, 2024 4:30 PM ET Company Participants Frank Lonegro - President, Chief Executive Officer Jim Todd - Vice President, Chief Financial Officer Joe Beacom - Vice President, Chief Safety and Operations Officer Jim Applegate - Vice President, Chief Corporate Sales, Strategy and Specialized Freight Officer Matt Dannegger - Vice President and Chief Field Sales Officer Conference Call Participants Brian Ossenbeck - JP Morgan Tom Ridgway - UBS Jordan Alliger - Goldman Sachs Jon Chappell - Evercore ISI Scott Group - Wolfe Research Daniel Imbro - Stephens Elliot Alper - TD Cowen Stephanie Moore - Jefferies David Hicks - Raymond James Financial Operator Good afternoon, and welcome to Landstar Systems Incorporated Third Quarter Earnings Release Conference Call. All lines will be in a listen-only mode until the formal question-and-answer session.
Landstar System (LSTR) came out with quarterly earnings of $1.41 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.71 per share a year ago.
JACKSONVILLE, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.41 in the 2024 third quarter on revenue of $1.214 billion. “Consistent with the first half of 2024, the freight environment during the third quarter remained challenging. The Landstar team of independent business owners and employees continued to perform admirably given this backdrop,” said Landstar President and Chief Executive Officer Frank Lonegro. “I was encouraged that Landstar achieved a 3.2% sequential increase in truck revenue per load compared to the 2024 second quarter, outperforming typical seasonality. This result was driven by a strong month-over-month truck revenue per load increase in July, but tapered off as we moved through August and September, in part due to tougher prior month comparisons. Regardless of the freight environment, the thousands of Landstar BCOs, agents and employees in our network continue to strive each day to improve our safety performance and deliver great service to our customers.”
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2024) - Lodestar Metals (TSXV: LSTR) (OTCQB: SVTNF) ("Lodestar" or the "Company"), today announces the termination of its investor relations agreement with Grant Galloway. The decision to terminate the agreement, effective immediately, was made after careful consideration of the Company's strategic direction and ongoing challenges in meeting the terms of the agreement.
Landstar (LSTR) reported earnings 30 days ago. What's next for the stock?
Landstar (LSTR) expects third-quarter 2024 truckloads to decline between 6% and 10% on a year-over-year basis.
Landstar's (LSTR) second-quarter 2024 earnings and revenues decrease year over year.
The headline numbers for Landstar (LSTR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
What type of business is Landstar System?
Landstar System, Inc. is a global provider of comprehensive transportation management solutions. The company was registered in January 1991. It acquired all of the principal capital of its predecessor, Landstar System Holdings, Inc. (LSHI), on March 28, 1991. The headquarters is located in Jacksonville, Florida. The transportation logistics segment provides a wide range of comprehensive transportation management solutions. The insurance segment consists of Signature Insurance Company, a wholly owned offshore insurance subsidiary, and Risk Management Claim Services, Inc. The insurance segment provides risk management and claims services, reinsuring certain risks of the company's independent contractors.
What sector is Landstar System in?
Landstar System is in the Industrials sector
What industry is Landstar System in?
Landstar System is in the Integrated Freight & Logistics industry
What country is Landstar System from?
Landstar System is headquartered in United States
When did Landstar System go public?
Landstar System initial public offering (IPO) was on 05 March 1993
What is Landstar System website?
https://www.landstar.com
Is Landstar System in the S&P 500?
No, Landstar System is not included in the S&P 500 index
Is Landstar System in the NASDAQ 100?
No, Landstar System is not included in the NASDAQ 100 index
Is Landstar System in the Dow Jones?
No, Landstar System is not included in the Dow Jones index
When was Landstar System the previous earnings report?
No data
When does Landstar System earnings report?
The next expected earnings date for Landstar System is 29 January 2025