NASDAQ$LSTR
Landstar System Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Landstar's revenue and EPS decreased in Q1 2024 due to a challenging freight environment.
Landstar System reported a decrease in revenue and earnings per share for Q1 2024. Revenue was $1.171 billion, and EPS was $1.32. The company highlighted its strong balance sheet and focus on strategic growth initiatives despite a challenging freight environment.
- Landstar's Q1 2024 revenue reached $1.171 billion, with an EPS of $1.32.
- Truckload van equipment revenue was $628.3 million, while unsided/platform equipment revenue amounted to $343.0 million.
- Truck transportation accounted for 91% of the total revenue, totaling $1,068.9 million.
- The Board of Directors declared a quarterly dividend of $0.33 per share.
Headline financials
Revenue & EPS history
Landstar · Revenue · Quarterly
$1.17B
Revenue by segment
Landstar · $1.29B total across 7 segments · Q3 2023
- Truckload: Van equipment$666M-27.2%51.6%
- Truckload: Unsided/platform equipment$378M-16.7%29.3%
- Other truck transportation$102M-47.8%7.9%
- Ocean and air cargo carriers$65.8M-59.9%5.1%
- Less-than-truckload$28.1M-20.5%2.2%
- Other$26.7M+4.8%2.1%
- Rail intermodal$23.1M-16.6%1.8%
Forward guidance
Landstar did not provide specific forward guidance in this release. They plan to discuss Q2 guidance on the earnings call.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.5%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+1.3%
Avg return
30 days after
43%
29 / 68 earnings
Positive
+6.3%
Q3 2016
Best reaction
-8.8%
Q2 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | +0.8% | +12.9% | |
| Q4 2025 | -2.3% | -3.4% | -2.5% | |
| Q3 2025 | -3.7% | -2.8% | +1.1% | |
| Q1 2025 | -2.5% | +0.9% | -2.4% | |
| Q4 2024 | -3.5% | -5.9% | -8.2% | |
| Q3 2024 | -2.5% | -2.4% | +2.6% | |
| Q2 2024 | -0.5% | -3.4% | -5.5% | |
| Q1 2024 | +3.1% | +3.0% | +4.6% | |
| Q4 2023 | -2.0% | -1.2% | -4.2% | |
| Q3 2023 | -2.3% | -1.6% | +4.8% | |
| Q2 2023 | -1.6% | +0.3% | -7.9% | |
| Q1 2023 | -1.4% | +0.8% | -0.6% | |
| Q4 2022 | +6.2% | +5.9% | +5.5% | |
| Q3 2022 | -1.0% | +0.3% | +11.5% | |
| Q2 2022 | -0.8% | -3.7% | +1.6% | |
| Q1 2022 | +4.8% | +5.9% | -1.5% | |
| Q4 2021 | -7.1% | -1.7% | -3.3% | |
| Q3 2021 | +3.0% | +4.8% | +3.5% | |
| Q2 2021 | -3.1% | -0.4% | +2.3% | |
| Q1 2021 | -3.4% | -3.2% | -4.4% | |
| Q4 2020 | -5.0% | -6.1% | +6.9% | |
| Q3 2020 | +2.4% | +2.5% | +1.2% | |
| Q2 2020 | +0.1% | +0.6% | +9.0% | |
| Q1 2020 | +3.7% | +10.1% | +14.8% | |
| Q4 2019 | +0.4% | -1.0% | -9.9% | |
| Q3 2019 | -0.6% | +2.0% | -3.9% | |
| Q2 2019 | +0.8% | +1.0% | -5.2% | |
| Q1 2019 | +2.5% | -2.3% | -7.9% | |
| Q4 2018 | -1.6% | +1.3% | +5.9% | |
| Q3 2018 | -1.5% | -1.7% | +3.0% | |
| Q2 2018 | +1.6% | +2.0% | +8.3% | |
| Q1 2018 | -5.0% | -3.8% | +7.0% | |
| Q4 2017 | +4.0% | -1.5% | -0.9% | |
| Q3 2017 | +0.2% | -1.3% | -1.7% | |
| Q2 2017 | -8.8% | -7.0% | -6.4% | |
| Q1 2017 | +0.1% | -1.3% | -3.8% | |
| Q4 2016 | -1.0% | -0.3% | +3.1% | |
| Q3 2016 | +6.3% | +8.8% | +23.7% | |
| Q2 2016 | -1.6% | -0.3% | -1.9% | |
| Q1 2016 | -0.6% | — | — | |
| Q4 2015 | +0.3% | — | — | |
| Q3 2015 | -4.1% | — | — | |
| Q2 2015 | +1.9% | — | — | |
| Q1 2015 | -1.2% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | -0.1% | — | — | |
| Q2 2014 | +5.2% | — | — | |
| Q1 2014 | +3.2% | — | — | |
| Q4 2013 | +2.0% | — | — | |
| Q3 2013 | -6.9% | — | — | |
| Q2 2013 | +2.9% | — | — | |
| Q1 2013 | -1.7% | — | — | |
| Q4 2012 | -2.7% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2012 | +4.1% | — | — | |
| Q1 2012 | -5.6% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | -2.4% | — | — | |
| Q2 2011 | -2.8% | — | — | |
| Q1 2010 | -1.4% | — | — | |
| Q1 2011 | -1.4% | — | — | |
| Q4 2008 | -1.1% | — | — | |
| Q4 2010 | -1.1% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q3 2009 | +0.3% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q2 2009 | +1.2% | — | — | |
| Q4 2009 | +1.2% | — | — |
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