Landstar Q3 revenue falls 5.8% to $1.214B; EPS $1.41 vs $1.71

LANDSTAR SYSTEM INC

2024-Q3 EPS reported $4.21 revenue$3,609,915,000

Revenue $1.214B, down 5.9% YoY; EPS $1.41 vs $1.71 (down 17.5%).
Truck loads down 7.7% YoY; truck revenue per load up 0.7%.
Gross profit $112.7M vs $128.1M; variable contribution $171.4M vs $187.4M.
Board declared $0.36 quarterly dividend payable Dec 10, record Nov 19.
Repurchased ~121k shares for $22.4M in Q3; $531M cash on hand.

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