Landstar System Reports All-Time Quarterly Records With Revenue of $1.296 Billion and Diluted Earnings Per Share of $1.70 in the 2020 Fourth Quarter

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Go back to Landstar System Reports All-Time Quarterly Records With Revenue of $1.296 Billion and Diluted Earnings Per Share of $1.70 in the 2020 Fourth Quarter

Landstar System (LSTR) Misses Q4 EPS by 3c, Revs Beat

January 27, 2021 4:22 PM EST

Landstar System (NASDAQ: LSTR) reported Q4 EPS of $1.70, $0.03 worse than the analyst estimate of $1.73. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.2 billion.

Landstars 2020 fourth quarter performance was outstanding, said Landstar President and CEO Jim Gattoni. Revenue, gross profit, and diluted earnings per share were each all-time quarterly records. Additionally, excluding the $15.5 million one-time cost to buyout certain incentive commission arrangements with several agents, operating income and operating margin in the 2020 fourth quarter would have achieved all-time quarterly records. Revenue from truck loads hauled via van equipment exceeded the... More