Landstar Q1 revenue $1.17B (-18% YoY), EPS $1.32 (-39% YoY), dividend $0.33

LANDSTAR SYSTEM INC

2024-Q1 EPS reported $1.32 revenue$1,171,043,000

Revenue $1,171M, down from $1,436M YoY; EPS $1.32, down from $2.17 YoY.
Truck loads down 13% YoY; truck revenue per load down 7% YoY.
Gross profit $113.9M vs $152.9M; variable contribution $168.2M vs $208.7M.
Quarterly dividend of $0.33 per share declared, payable May 24, 2024.
Cash & short-term investments ~$530M; trailing ROE 23%, ROIC 22%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LANDSTAR SYSTEM INC reported first quarter of fiscal 2024 results: revenue $1.171 billion, EPS $1.32.

Period: first quarter of fiscal 2024
Revenue: $1.171 billion
EPS: $1.32
Result: reported results

Exact text from the filing

- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.32 in the 2024 first quarter on revenue of $1.171 billion. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.33 per share payable on May 24, 2024, to stockholders of record as of the close of

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Source: SEC EDGAR

accession 0001193125-24-111541

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