Landstar Q2 record revenue $1.975B, EPS $3.05; dividend raised 20% to $0.30

LANDSTAR SYSTEM INC

2022-Q2 EPS reported $6.39 revenue$3,945,663,000

Revenue $1.975B (+26% YoY), net income $112.6M (+22%), DEPS $3.05 (+27%).
Truck loads hauled +10% YoY; revenue per truck load +10% YoY.
Quarterly dividend increased 20% to $0.30/share, payable Aug 26 to record Aug 8.
Q3 guidance: revenue $1.80B-$1.85B, DEPS $2.75-$2.85.
Repurchased 703k shares for $103.3M in Q2; $300M credit facility extended to 2027.

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