Landstar System (LSTR) Tops Q1 EPS by 3c

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Go back to Landstar System (LSTR) Tops Q1 EPS by 3c

Landstar System Reports Record First Quarter Revenue of $781 Million and Record First Quarter Diluted Earnings Per Share of $0.77

April 26, 2017 4:15 PM EDT

JACKSONVILLE, Fla., April 26, 2017 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported record first quarter diluted earnings per share of $0.77 in the 2017 first quarter, on record first quarter revenue of $781 million.  Landstar reported diluted earnings per share of $0.69 on revenue of $712 million in the 2016 first quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was $121.6 million, a record first quarter gross profit, in the 2017 first quarter compared to $112.2 million in the 2016 first quarter.  Operating margin, representing operating income divided by gross profit, was 43.0 percent in the 2017... More