From Globe Newswire: 2025-01-29 16:05:00

Landstar System, Inc. reported $1.31 EPS in Q4 2024 on revenue of $1.209 billion. Despite challenges, Landstar saw year-over-year revenue growth for the first time since Q3 2022. The company continues to return capital to stockholders through stock purchases and dividends. The Board declared a quarterly dividend of $0.36 per share payable on March 11, 2025.

Total revenue in Q4 2024 was $1.209 billion, with truck transportation revenue accounting for 89% of revenue. Truckload revenue from van equipment was $597 million, while unsided/platform equipment revenue was $362 million. The number of loads hauled via truck declined 3.4%, but truck revenue per load increased by 3.1% in Q4 2024.

Gross profit in Q4 2024 was $109 million, with variable contribution at $167 million. Landstar’s balance sheet remains strong, with cash and short-term investments totaling approximately $567 million as of December 28, 2024. The company’s return on average shareholders’ equity was 20%.

Landstar will provide a live webcast of its quarterly earnings conference call at 4:30 p.m. ET. The company is a technology-enabled, asset-light provider of integrated transportation management solutions. Landstar’s common stock trades on The NASDAQ Stock Market® under the symbol LSTR. Non-GAAP financial measures like variable contribution are used to better understand the company’s financial condition and results of operations.



Read more at Globe Newswire:: Landstar System Reports Fourth Quarter Revenue of $1.209B