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Sep 28, 2024
Landstar Q3 2024 Earnings Report
Landstar's Q3 2024 performance was impacted by a challenging freight environment, but the company achieved a sequential increase in truck revenue per load.
Key Takeaways
Landstar System reported Q3 2024 revenue of $1.214 billion and EPS of $1.41. The freight environment remained challenging, but the company saw a sequential increase in truck revenue per load. Landstar continues to return capital to stockholders through stock purchases and dividends.
Q3 2024 revenue was $1.214 billion, compared to $1.289 billion in Q3 2023.
Basic and diluted earnings per share were $1.41, compared to $1.71 in Q3 2023.
Truck transportation revenue was $1.091 billion, or 90% of revenue.
The number of loads hauled via truck declined 7.7% compared to Q3 2023.
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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