Landstar System, Inc. (LSTR) Misses Q2 EPS by 2c, Revenues Beat; Offers 3Q EPS Views Above Consensus

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Go back to Landstar System, Inc. (LSTR) Misses Q2 EPS by 2c, Revenues Beat; Offers 3Q EPS Views Above Consensus

Landstar System Reports Record Quarterly Revenue of $1.183 Billion and Record Second Quarter Diluted Earnings Per Share of $1.51

July 25, 2018 4:15 PM EDT

JACKSONVILLE, Fla., July 25, 2018 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported record quarterly revenue of $1.183 billion in the 2018 second quarter, a 36 percent increase over the $870 million revenue reported in the 2017 second quarter. Net income of $62.5 million and diluted earnings per share of $1.51 were each second quarter records and increased 67 percent and 70 percent, respectively, over net income and diluted earnings per share in the 2017 second quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) in the 2018 second quarter was $171.4 million, 29 percent above the 2017 second quarter, while 2018... More