Landstar raises Q4 2021 guidance: revenue $1.85-1.90B, EPS $2.83-2.93

LANDSTAR SYSTEM INC

Q4 revenue forecast $1.85B-$1.90B, midpoint 8.7% above prior guidance of $1.70B-$1.75B.
Diluted EPS expected $2.83-$2.93, up from prior $2.55-$2.65 range.
Truck load volumes up 20-22% YoY; revenue per load up high teens percentage.
YTD through Nov 26 repurchased ~734K shares for ~$122.7M.
CEO and CFO to present update at Stephens 2021 Annual Investment Conference on Dec 1.

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