NASDAQ$LSTR
Landstar System Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Landstar reported all-time quarterly records with revenue of $1.296 billion and diluted earnings per share of $1.70.
Landstar System reported record-breaking Q4 2020 results, with revenue reaching $1.296 billion and diluted earnings per share at $1.70. Gross profit also reached an all-time quarterly high. The company experienced strong demand, especially in truckload van equipment, and successfully navigated challenges posed by the COVID-19 pandemic.
- Landstar's Q4 2020 revenue reached a record $1.296 billion.
- Diluted earnings per share were reported at a record $1.70, including a one-time cost of $0.31 related to agent buyouts.
- Gross profit for the quarter hit a record $182.4 million, a 23% increase from Q4 2019.
- Truckload van equipment revenue increased significantly, driven by consumer demand and e-commerce.
Headline financials
Revenue & EPS history
Landstar · Revenue · Quarterly
$1.3B
Revenue by segment
Landstar · $1.3B total across 6 segments · Q4 2020
- Truckload: Van equipment$821M+43.6%63.3%
- Truckload: Unsided/platform equipment$354M+12.3%27.3%
- Ocean and air cargo carriers$43.2M+34.0%3.3%
- Rail intermodal$32.6M+5.9%2.5%
- Less-than-truckload$26.6M+6.9%2.0%
- Other$18.9M-5.8%1.5%
Forward guidance
Landstar anticipates that the macroeconomic environment experienced in the latter half of 2020 will continue, with strong consumer demand and tight truck capacity. As a result, the company expects Q1 2021 revenue to be in the range of $1.10 billion to $1.15 billion and diluted earnings per share to be in the range of $1.55 to $1.65.
Tailwinds
- Demand for substitute line haul services expected to remain strong.
- Revenue and diluted earnings per share in Q1 2021 expected to be well above that of Q1 2020.
- Number of loads hauled via truck in Q1 2021 expected to exceed Q1 2020 in a high single-digit percentage range.
- Revenue per load on loads hauled via truck in Q1 2021 expected to exceed Q1 2020 in a mid-teen percentage range.
- The estimated range of diluted earnings per share includes insurance and claims expense estimated at 4.6 percent of BCO revenue.
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 Q4 2020
-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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