Landstar System (LSTR) Tops Q1 EPS by 10c, Offers Guidance

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Go back to Landstar System (LSTR) Tops Q1 EPS by 10c, Offers Guidance

Landstar System Reports First Quarter Revenue Of $1.436B And First Quarter Diluted Earnings Per Share Of $2.17

April 26, 2023 4:15 PM EDT

JACKSONVILLE, Fla., April 26, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (Landstar or the Company) reported diluted earnings per share (DEPS) of $2.17 in the 2023 first quarter on revenue of $1.436 billion. Landstar reported DEPS of $3.34 on revenue of $1.971 billion in the 2022 first quarter.

Gross profit in the 2023 first quarter was $152.9 million and variable contribution (defined as revenue less the cost of purchased transportation and commissions to agents) in the 2023 first quarter was $208.7 million. Gross profit in the 2022 first quarter was $214.6 million and variable contribution in the 2022 first quarter was $270.5 million. Reconciliations of... More