Landstar System (LSTR) Tops Q1 EPS by 29c

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Go back to Landstar System (LSTR) Tops Q1 EPS by 29c

Landstar System Reports All-Time Quarterly Record Diluted Earnings Per Share of $3.34 in the 2022 First Quarter

April 20, 2022 4:15 PM EDT

JACKSONVILLE, Fla., April 20, 2022 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported record quarterly revenue of $1.971 billion in the 2022 first quarter, a 53 percent increase over revenue of $1.288 billion in the 2021 first quarter; quarterly net income of $124.8 million, an increase of 62 percent over net income of $77.2 million in the 2021 first quarter; and quarterly diluted earnings per share (DEPS) of $3.34, an increase of 66 percent compared to $2.01 in the 2021 first quarter. To put these 2022 first quarter results into perspective, the Companys revenue, net income, and DEPS were the highest amounts achieved in any quarter in... More