Landstar Q4 2023 EPS $1.62 on revenue $1.204B; Q1 guidance points to further declines

LANDSTAR SYSTEM INC

2023-FY EPS reported $7.36 revenue$5,303,322,000

Q4 2023 EPS $1.62 vs $2.60 in prior-year 14-week quarter; revenue $1.204B vs $1.675B.
Truck loads hauled down 22% YoY; truck revenue per load down 10% YoY.
Gross profit $124.6M, variable contribution $178.1M, both significantly lower YoY.
Q1 2024 guidance: revenue $1.10B-$1.15B, EPS $1.25-$1.35, citing continued soft demand.
Quarterly dividend declared $0.33 per share, payable March 8, 2024.

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 the 2023 thirteen-week fourth quarter results: revenue $1.204 billion, EPS $1.62.

Period: the 2023 thirteen-week fourth quarter
Revenue: $1.204 billion
EPS: $1.62
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 $1.62 in the 2023 thirteen-week fourth quarter on revenue of $1.204 billion.

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Source: SEC EDGAR

accession 0001193125-24-020984

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