Landstar System Inc. Presents at Stephens 2015 Fall Investment Conference, Nov-11-2015 10:00 AM
Oct 24 15
Landstar System Inc. Presents at Stephens 2015 Fall Investment Conference, Nov-11-2015 10:00 AM. Venue: The New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States.
Landstar System, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 26, 2015; Provides Earnings Guidance for the Fourth Quarter 2015
Oct 22 15
Landstar System Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 26, 2015. For the quarter, the company’s revenue was $841,726,000 against $819,320,000 a year ago. Operating income was $63,980,000 against $59,577,000 a year ago. Income before income taxes was $63,266,000 against $58,803,000 a year ago. Net income was $39,348,000 against $36,755,000 a year ago. Diluted earnings per share were $0.90 against $0.82 a year ago.
For the nine months, the company’s revenue was $2,472,489,000 against $2,321,960,000 a year ago. Operating income was $179,058,000 against $163,163,000 a year ago. Income before income taxes was $176,850,000 against $160,903,000 a year ago. Net income was $109,834,000 against $100,318,000 a year ago. Diluted earnings per share were $2.49 against $2.22 a year ago. Cash flow from operations for the 2015 year-to-date period was $148 million and cash capital expenditures were $4 million.
The company expects revenue per load on loads hauled via truck in the 2015 fourth quarter to be below the 2014 fourth quarter in an upper-single digit percentage range. Assuming the current environment continues throughout the 2015 fourth quarter, the company anticipates revenue for the 2015 fourth quarter to be in a range of $815 million to $865 million and, assuming that range of estimated revenue and anticipates 2015 fourth quarter diluted earnings per share to be in a range of $0.85 to $0.90 per share.
Landstar System Inc. Declares Quarterly Dividend Payable on December 4, 2015
Oct 22 15
The Board of Directors of Landstar System Inc. has declared a quarterly dividend of $0.08 per share payable on December 4, 2015 to stockholders of record at the close of business on November 10, 2015.
Landstar System Inc. Provides Earnings Guidance for the Third Quarter of 2015
Sep 3 15
Landstar System Inc. provided earnings guidance for the third quarter of 2015. The company anticipated revenue for the 2015 third quarter to be within a range of $830 million to $880 million or an increase of 1% to 7% compared to the 2014 third quarter. The company anticipated diluted earnings per share to be in a range of $0.87 to $0.92 or an increase of 6% to 12% compared to the 2014 third quarter.