earnings
confidence high
sentiment negative
materiality 0.75
Landstar Q2 revenue falls 11% YoY to $1.225B; EPS down to $1.48; dividend raised 9%
LANDSTAR SYSTEM INC
2024-Q2 EPS reported
$2.79
revenue$2,396,048,000
- Revenue $1.225B vs $1.374B YoY (-11%); EPS $1.48 vs $1.85 YoY (-20%).
- Truck loads hauled down 8.9%; truck revenue per load down 2.6%.
- Quarterly dividend raised 9% to $0.36/share; payable Sept 10, 2024 to holders of record Aug 20, 2024.
- Repurchased ~316k shares for $57M in Q2; authorized share repurchase remaining ~2.68M shares.