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Jun 29, 2024
Landstar Q2 2024 Earnings Report
Landstar's Q2 2024 performance reflected resilience in a challenging freight environment, with revenue increasing sequentially for the first time since Q2 2022 and EPS reaching $1.48.
Key Takeaways
Landstar System reported Q2 2024 revenue of $1.225 billion and EPS of $1.48. The company saw a sequential increase in revenue for the first time since Q2 2022. Landstar continues to return capital to stockholders, purchasing approximately 316,000 shares for $57.0 million during the quarter and increasing the quarterly dividend by 9% to $0.36 per share.
Landstar reported Q2 2024 revenue of $1.225 billion and EPS of $1.48.
Revenue increased 5% sequentially, marking the first increase since Q2 2022.
The company repurchased 316,000 shares of its common stock for $57.0 million.
A quarterly dividend of $0.36 per share was declared, a 9% increase.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are “forward-looking statements.” This press release contains forward-looking statements, such as statements which relate to Landstar’s business objectives, plans, strategies and expectations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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