Landstar System (LSTR) Tops Q1 EPS by 6c, Revenues Miss; Offers 2Q EPS Mid-Point Guidance Below Consensus, 2Q Revenue Guidance Below Consensus

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Go back to Landstar System (LSTR) Tops Q1 EPS by 6c, Revenues Miss; Offers 2Q EPS Mid-Point Guidance Below Consensus, 2Q Revenue Guidance Below Consensus

Landstar System Reports First Quarter Revenue of $1.033 Billion and Record First Quarter Diluted Earnings Per Share of $1.58

April 24, 2019 4:15 PM EDT

JACKSONVILLE, Fla., April 24, 2019 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported record first quarter diluted earnings per share of $1.58 in the 2019 first quarter, on first quarter revenue of $1.033 billion. Landstar reported diluted earnings per share of $1.37 on revenue of $1.048 billion in the 2018 first quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was $155.6 million, a record first quarter gross profit, in the 2019 first quarter compared to $155.5 million in the 2018 first quarter. Operating margin, representing operating income divided by gross profit, was 52.0 percent in the 2019 first quarter.

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