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Landstar System ( (LSTR) ) has issued an update.
On January 29, 2025, Landstar System reported its fourth-quarter results for fiscal 2024, revealing revenue of $1.209 billion and earnings per share of $1.31. The company achieved year-over-year quarterly revenue growth for the first time since the third quarter of 2022, driven by improved truck pricing and strong performance in its unsided/platform service offering. Despite challenges such as increased insurance and claims costs, the company’s revenue per load increased by 3.1% compared to the previous year. Landstar continues to return capital to shareholders through stock purchases and dividends, with substantial cash and investments strengthening its balance sheet. The company remains optimistic for an improved freight transportation environment as it enters fiscal 2025.
More about Landstar System
Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions, specializing in safe and specialized transportation services through a network of agents, third-party capacity providers, and employees. The company is headquartered in Jacksonville, Florida, and its stock is traded on NASDAQ under the symbol LSTR.
YTD Price Performance: 3.62%
Average Trading Volume: 271,179
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.22B
Find detailed analytics on LSTR stock on TipRanks’ Stock Analysis page.
