Landstar Q2 revenue $1.374B, EPS $1.85; guides Q3 EPS $1.65-1.75

LANDSTAR SYSTEM INC

2023-Q2 EPS reported $4.03 revenue$2,809,532,000

DEPS $1.85 vs $3.05 YoY; revenue $1.374B vs $1.975B, down 30%.
Gross profit $139.7M, variable contribution $198.2M; truck loads down 16% YoY.
Quarterly dividend raised $0.03 to $0.33/share (10% increase), payable Aug 25.
Q3 guidance: revenue $1.275B-$1.325B, DEPS $1.65-$1.75 on continued soft demand.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LANDSTAR SYSTEM INC reported the 2023 second quarter results: revenue $1.374 billion, EPS $1.85. Guidance initiated.

Period: the 2023 second quarter
Revenue: $1.374 billion
EPS: $1.85
Guidance: initiated
Result: reported results

Exact text from the filing

Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported diluted earnings per share (“DEPS”) of $1.85 in the 2023 second quarter on revenue of $1.374 billion.

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Source: SEC EDGAR

accession 0001193125-23-194654

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