other material
confidence high
sentiment positive
materiality 0.75
Landstar raises Q3 2021 revenue and EPS guidance above prior ranges
LANDSTAR SYSTEM INC
- Q3 revenue guidance raised to $1.68B-$1.72B, midpoint up $125M (7.9%) from prior $1.55B-$1.60B.
- Q3 diluted EPS guidance raised to $2.45-$2.55, vs prior $2.20-$2.30 range.
- Truckload volume trending above Q2 in low single-digit %; revenue per load up mid single-digit %.
- Insurance and claims expense assumption unchanged at 4.6% of BCO revenue.