Landstar Q4 EPS falls to $1.31 from $1.62; revenue $1.209B up 0.4% YoY

LANDSTAR SYSTEM INC

2024-FY EPS reported $5.51 revenue$4,819,245,000

Q4 2024 EPS of $1.31, down from $1.62 in Q4 2023; net income declined as insurance costs spiked.
Revenue of $1.209B, up slightly from $1.204B YoY; first quarterly revenue growth since Q3 2022.
Truck revenue per load up 3.1% YoY; loads hauled down 3.4%, near low end of guidance range.
Insurance & claims costs at 6.7% of BCO revenue, well above historical 4.7% average due to fraud/theft.
Quarterly dividend declared at $0.36 per share, payable March 11, 2025; share buyback continues.

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