Landstar System (LSTR) Misses Q4 EPS by 3c, Revs Beat
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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
January 27, 2021 4:15 PM ESTJACKSONVILLE, Fla., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported all-time quarterly records with revenue of $1.296 billion and diluted earnings per share of $1.70 in the 2020 fourth quarter. Diluted earnings per share in the quarter included a previously announced one-time cost of $15.5 million, or $0.31 per diluted share, related to buyouts of certain incentive commission arrangements with several of its independent sales agents due to the Companys discontinuation of a truck owner-operator recruitment and retention program formerly involving those agents. Landstar reported revenue of $994.9 million and diluted earnings per share of... More
