earnings
confidence high
sentiment positive
materiality 0.80
Landstar raises Q1 2022 guidance; expects revenue $1.955-1.975B, EPS $3.30-3.35
LANDSTAR SYSTEM INC
2022-Q1 EPS reported
$3.34
revenue$1,970,599,000
- Revenue guidance raised to $1.955-1.975B from $1.70-1.75B (12-13% above prior high end).
- DEPS guidance raised to $3.30-3.35 from $2.70-2.80 (18-20% above prior high end).
- Loads via truck up ~20% YoY; revenue per load up ~22% YoY for the quarter.
- Ukraine agency impact less than initially feared; no assurances on future disruption.
- Repurchased ~694k shares for $109.3M during Q1 2022.