Landstar Q3 revenue $1.289B, EPS $1.71, down sharply YoY; Q4 guidance weak

LANDSTAR SYSTEM INC

2023-Q3 EPS reported $5.74 revenue$4,098,877,000

Q3 2023 revenue of $1.289B vs $1.816B in Q3 2022; EPS of $1.71 vs $2.76.
Truck revenue per load down 12% YoY; loads hauled via truck down 16%.
Gross profit fell to $128.1M from $185.7M; variable contribution also declined.
Q4 2023 guidance: revenue $1.225-1.275B, EPS $1.60-1.70.
Quarterly dividend of $0.33 declared, payable Dec 1, 2023 to record Nov 7.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LANDSTAR SYSTEM INC reported third quarter of fiscal 2023 results: revenue $1.289 billion, EPS $1.71.

Period: third quarter of fiscal 2023
Revenue: $1.289 billion
EPS: $1.71
Result: reported results

Exact text from the filing

Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported basic and diluted earnings per share (“EPS”) of $1.71 in the 2023 third quarter on revenue of $1.289 billion.

View on SEC.gov

Browse all earnings releases →

LANDSTAR SYSTEM INC filing history →

Source: SEC EDGAR

accession 0001193125-23-263100

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.