earnings
confidence high
sentiment positive
materiality 0.85
Landstar Q4 revenue $1.945B (+50% YoY), DEPS $2.99 vs guidance $2.83-$2.93
LANDSTAR SYSTEM INC
2021-FY EPS reported
$9.98
revenue$6,537,568,000
- Q4 2021 revenue $1.945B (record), net income $113.3M, diluted EPS $2.99 (record); beat upwardly revised guidance.
- Full-year 2021 revenue ~$6.5B (record), DEPS $9.98 (record), operating income $506M (+100% YoY), loads hauled >2.4M.
- Q1 2022 guidance: revenue $1.70-$1.75B, DEPS $2.70-$2.80; truck loads +12-14% YoY, revenue per load +14-17% YoY.
- Quarterly dividend $0.25/share payable March 11, 2022, to holders of record Feb 14; $122.7M share repurchases in FY 2021.
- Ocean/air cargo revenue surged 131% YoY to $174.6M; truck loadings rose 22% YoY, setting a Q4 record.