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Landstar System Inc (LSTR.OQ)

LSTR.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Landstar System board authorizes Co to buy about 2 mln additional shares of its common stock - SEC Filing
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Landstar System Inc ::LANDSTAR SYSTEM-ON DEC 11,BOARD AUTHORIZED CO TO BUY UP TO ABOUT 2 MILLION ADDITIONAL SHARES OF ITS COMMON STOCK, PAR VALUE $0.01 PER SHARE - SEC FILING.  Full Article

Landstar Announces Increase To Stock Purchase Program
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Landstar System Inc ::LANDSTAR ANNOUNCES INCREASE TO STOCK PURCHASE PROGRAM AND SPECIAL DIVIDEND.LANDSTAR SYSTEM INC - BOARD HAS DECLARED A SPECIAL ONE-TIME CASH DIVIDEND IN AMOUNT OF $1.50 PER SHARE.LANDSTAR SYSTEM INC - INCREASED NUMBER OF SHARES OF ITS COMMON STOCK AUTHORIZED TO PURCHASE TO 3 MILLION.  Full Article

Landstar System reports qtrly earnings per share of $1.01 from continuing operations
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Landstar System Inc : :Landstar System reports record quarterly revenue of $943 million and record quarterly diluted earnings per share from continuing operations of $1.01.Quarterly earnings per share $1.01 from continuing operations.Quarterly revenue rose 20 percent to $943 million.Landstar System Inc says ‍number of loads hauled via truck in 2017 q3 increased 13 percent over 2016 q3​.Says qtrly diluted earnings per share of $0.86 ‍​.Landstar System Inc says ‍revenue per load on loads hauled via truck was 6 percent higher in 2017 q3 compared to 2016 q3​.Landstar System Inc says ‍announced today that its board of directors has declared a quarterly dividend of $0.10 per share payable on december 8, 2017​.Expect diluted earnings per share to be in a range of $0.98 to $1.03 in the 2017 fourth quarter‍​.Landstar System Inc says ‍anticipate 2017 q4 revenue to be in a range of $975 million to $1.025 billion​.Landstar System -‍anticipate number of loads hauled via truck in 2017 q4 to be above 2016 q4 in a high single digit to low double digit percentage range​.Expect q4 revenue per load on loads hauled via truck to exceed the prior year q4 in a low double digit percentage range.  Full Article

Landstar System reports Q2 earnings per share of $0.76
Wednesday, 20 Jul 2016 

Landstar System Inc : Landstar system reports second quarter revenue of $775 million and diluted earnings per share of $0.76 . Sees Q3 2016 earnings per share $0.79 to $0.84 . Q2 earnings per share $0.76 . Q2 revenue $775 million versus I/B/E/S view $787.9 million . Q2 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . "Landstar's truckload services continued to experience significant pricing pressure throughout 2016 Q2" . Number of loads hauled via truck in 2016 Q2 decreased 2 percent from 2015 Q2 . Revenue per load on loads hauled via truck was 9 percent lower in 2016 Q2 compared to 2015 Q2 . Had earlier provided Q2 revenue guidance of $770 million to $820 million . Had earlier provided Q2 EPS guidance of $0.80 to $0.85 .Board of directors has declared a quarterly dividend of $0.09 per share payable on August 26, 2016.  Full Article

BRIEF-Landstar System Reports Q4 Earnings Per Share $1.54

* LANDSTAR SYSTEM REPORTS RECORD QUARTERLY REVENUE OF $1.052 BILLION, RECORD QUARTERLY DILUTED EARNINGS PER SHARE AND AN INCREASED QUARTERLY DIVIDEND