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Landstar System, Inc. - LSTR STOCK NEWS

Welcome to our dedicated news page for Landstar System (Ticker: LSTR), a resource for investors and traders seeking the latest updates and insights on Landstar System.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Landstar System's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Landstar System's position in the market.

News
Landstar System Reports First Quarter Revenue of $1.171B and Earnings Per Share of $1.32
Rhea-AI Summary
Landstar System, Inc. (NASDAQ: LSTR) reported first-quarter revenue of $1.171 billion and earnings per share of $1.32. The company also declared a quarterly dividend of $0.33 per share. CEO Frank Lonegro highlighted the team's performance in a challenging freight environment and emphasized strategic growth initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.7%
Tags
earnings
-
News
Landstar to Release First Quarter Results on Wednesday, April 24, 2024
Rhea-AI Summary
Landstar System, Inc. (NASDAQ:LSTR) will release its 2024 first quarter results on April 24, 2024, followed by a conference call on April 25, 2024, to discuss the results and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.15%
Tags
earnings
-
News
Landstar Appoints New Chief Sales Officers
Rhea-AI Summary
Landstar System, Inc. (Nasdaq: LSTR) announces the promotion of two veterans, Matt Dannegger and Jim Applegate, to lead Landstar’s sales organization. Matt is appointed Chief Field Sales Officer, focusing on independent sales agents, while Jim is appointed Chief Corporate Sales, Strategy and Specialized Freight Officer, overseeing corporate sales and growth initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
Tags
management
News
Landstar System Reports Fourth Quarter Revenue of $1.204B and Earnings Per Share of $1.62
Rhea-AI Summary
Landstar System, Inc. (NASDAQ: LSTR) reported a decrease in basic and diluted earnings per share in the 2023 fourth quarter compared to the previous year. The Company's revenue also decreased from $1.675 billion in 2022 to $1.204 billion in 2023. Landstar's truck transportation revenue hauled by independent business capacity owners and truck brokerage carriers also saw a decline. Despite the challenging freight transportation backdrop, the Company's balance sheet remains strong, with cash and short-term investments of approximately $541 million as of December 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
earnings
-
News
Landstar to Release Fourth Quarter Results on Wednesday, January 31, 2024
Rhea-AI Summary
Landstar System, Inc. (NASDAQ:LSTR) will release its 2023 fourth quarter results on January 31, 2024, followed by a conference call on February 1, 2024. The webcast can be accessed at www.investor.landstar.com, and a telephone replay will be available for 48 hours.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
earnings
-
News
Landstar Announces Increase to Stock Purchase Program and Special Dividend
Rhea-AI Summary
Landstar System, Inc. (NASDAQ-LSTR) announced an increase in the number of shares of its common stock authorized for purchase under its stock purchase program to 3,000,000. The Board also declared a special one-time cash dividend of $2.00 per share, payable on January 19, 2024. Landstar's strong balance sheet and free cash flow generation enable the company to return value to its stockholders, having purchased 319,332 shares at an aggregate cost of approximately $53.9 million during the first 11 months of its 2023 fiscal year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
dividends
News
Frank A. Lonegro to Succeed James B. Gattoni as Landstar CEO
Rhea-AI Summary
Landstar System, Inc. (Nasdaq: LSTR) appoints Frank A. Lonegro as President and CEO, effective February 2, 2024. James B. Gattoni will transition to the role of Special Advisor to the CEO before his retirement in July 2024. Lonegro, currently serving as Executive Vice President and CFO at Beacon Building Products, brings extensive financial, operational, and technology leadership experience from his tenure at CSX Corporation. The Board expresses appreciation for Gattoni's contributions and looks forward to Lonegro's guidance in driving Landstar's growth and success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
none
-
News
Landstar to Participate in Stephens 2023 Annual Investment Conference
Rhea-AI Summary
Landstar System, Inc. (NASDAQ:LSTR) will participate in Stephens 2023 Annual Investment Conference, hosting a 'fireside chat' on November 14 at 1:00 p.m. ET. The discussion will be broadcast live on Landstar's website and available until November 22.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
conferences
-
News
Landstar System Reports Third Quarter Revenue of $1.289B and Earnings Per Share of $1.71
Rhea-AI Summary
Landstar System, Inc. reports Q3 2023 earnings per share of $1.71 on revenue of $1.289 billion, compared to $2.76 on revenue of $1.816 billion in Q3 2022. Gross profit and variable contribution decreased in Q3 2023 compared to Q3 2022. The company declares a quarterly dividend of $0.33 per share. Truck transportation revenue declined in Q3 2023. The CEO expects revenue and EPS for Q4 2023 to be lower than Q4 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.91%
Tags
earnings
News
Landstar to Release Third Quarter Results on Wednesday, October 25, 2023
Rhea-AI Summary
Landstar System, Inc. to release 2023 third quarter results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
earnings
Stock LSTR logo
Landstar System, Inc.

Nasdaq:LSTR

LSTR Rankings

#1058 Ranked by Market Cap
#1754 Ranked by Stock Gains
#1919 Ranked by Dividends

LSTR Stock Data

6.40B
35.41M
1.07%
99.57%
3.38%
General Freight Trucking, Local
Transportation and Warehousing
Link
US
Jacksonville

About LSTR

landstar stands for safe, secure and reliable transportation services delivered by our unique network of small business owners. independent agents and capacity providers operating under the landstar umbrella enjoy the strength and support of one of the industry’s most stable and successful companies. our network of independent entrepreneurs provide customers with personalized service at the local level with the global reach and resources of a multi-billion dollar company. with more than 1,100 agents, over 9,000 leased owner operators, 14,000 trailers and 44,000 other approved capacity providers, we have a solution to your transportation challenge. to fully understand the scope of expertise the landstar network can provide, visit http://www.landstar.com or call 877-696-4507 to request more information on any service. for corporate employment opportunities: http://www.landstar.com/corporate-information for agent pre-qualification: http://www.landstar.com/agent-pre-qualification for owner