Landstar Sys Inc Stock Price, News & Analysis

Landstar System, Inc. (NASDAQ:LSTR) has appointed Fred Pensotti as Chief Financial Officer, effective immediately. Pensotti brings over 20 years of experience in financial leadership roles across various industries, including his previous position as CFO of One Call, a healthcare-related services company with $1.5 billion in revenue. Landstar's CEO, Jim Gattoni, highlighted Pensotti's proven success in enhancing operational performance and driving shareholder value. Pensotti aims to work closely with stakeholders to build on the company's growth and innovation in the freight transportation sector.

Landstar System, Inc. (NASDAQ:LSTR) will participate in Oppenheimer’s 16th Annual Industrial Growth Conference on May 4, 2021, starting at 10:30 a.m. ET. The event will include a live 'fireside chat' broadcast available online at Landstar’s investor website. The presentation can be accessed through May 11, 2021. For further inquiries regarding the webcast, investors can contact Landstar’s Investor Relations at 904-390-1334 or via email.

Landstar is an asset-light provider of integrated transportation management solutions, certified in quality and safety management standards.

Landstar System reported record financial results for Q1 2021, achieving net income of $77.2 million ($2.01 per diluted share) on record revenue of $1.288 billion, up 39%, 89%, and 93% respectively from Q1 2020. Gross profit reached $189.2 million, a 32% increase. Truck transportation revenue comprised 93% of total revenue, with van and platform equipment revenues showing significant growth. The company anticipates Q2 2021 revenue between $1.40 billion - $1.45 billion and EPS between $2.20 - $2.30.

Landstar System, Inc. (NASDAQ:LSTR) will release its 2021 first quarter results on April 21, 2021, after market close. A quarterly conference call for analysts and investors is scheduled for April 22, 2021, at 8:00 a.m. ET to discuss results and outlook. The call can be accessed via webcast through the company’s investor relations page. A telephone replay will also be available for 48 hours post-call. Landstar is known for its asset-light integrated transportation management solutions.

Landstar System, Inc. (NASDAQ:LSTR) has announced its participation in the Stifel 2021 Virtual Transportation and Logistics Conference. The fireside chat is scheduled for February 9 at 10 a.m. EST and will be live-streamed on the company's website. Interested parties can access the presentation through February 16. Landstar is an asset-light provider of integrated transportation management solutions, specializing in safe and specialized transportation services.

Landstar System reported record quarterly results for Q4 2020, with revenues of $1.296 billion and diluted earnings per share of $1.70. Excluding a one-time cost of $15.5 million, operating income would have also reached all-time highs. Truck transportation revenue grew significantly, with van and platform equipment revenues increasing 44% and 12% year-over-year, respectively. The company ended 2020 with $291 million in cash and declared a special dividend of $2.00 per share. Future guidance predicts Q1 2021 revenue between $1.10 billion and $1.15 billion.

Landstar System, Inc. (NASDAQ:LSTR) has announced it will release its fourth quarter 2020 financial results on January 27, 2021, after market close. A conference call with analysts and investors is scheduled for January 28, 2021, at 8:00 a.m. ET to discuss the quarterly results and future outlook. Participants can access the call through the company’s investor website. A replay will be available for 48 hours for those unable to join live. Landstar is an asset-light provider of integrated transportation management solutions, certified to ISO 9001:2015 standards.

Landstar System, Inc. (NASDAQ-LSTR) announced a special one-time cash dividend of $2.00 per share on December 8, 2020, payable on January 22, 2021, to shareholders of record as of January 8, 2021. As of September 26, 2020, the company held $258 million in cash and short-term investments, alongside $216 million available for borrowings. Landstar's President highlighted the strong balance sheet and free cash flow generation which enables continued shareholder returns, amounting to $2.3 billion in dividends and stock purchases since 1997.

Landstar System, Inc. (NASDAQ:LSTR) announced its participation in the Stephens Annual Investment Conference 2020. The presentation will take place on November 18 at 10:00 a.m. EST, led by President and CEO Jim Gattoni. Attendees can access the live broadcast via Landstar's investor website. Additionally, the presentation will remain available online until November 25. Landstar is an asset-light provider of transportation management solutions, prioritizing safety and specialization in its services.