NASDAQ$LSTR
Landstar System Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Landstar's Q4 2021 performance was record-breaking, with revenue, net income, and EPS reaching all-time quarterly highs.
Landstar System, Inc. reported record quarterly revenue of $1.945 billion, a 50 percent increase over Q4 2020. Net income was $113.3 million, with diluted earnings per share of $2.99, compared to $65.1 million and $1.70 respectively in Q4 2020. Operating income also reached a record of $148.7 million.
- Q4 2021 revenue increased by 50% compared to Q4 2020, reaching a record $1.945 billion.
- Diluted earnings per share (DEPS) for Q4 2021 was $2.99, a 76% increase over Q4 2020.
- Operating income for Q4 2021 reached a record $148.7 million, a 76% increase over Q4 2020.
- Truck load volume grew 22% compared to Q4 2020.
Headline financials
Revenue & EPS history
Landstar · Revenue · Quarterly
$1.95B
Revenue by segment
Landstar · $1.95B total across 7 segments · Q4 2021
- Truckload: Van equipment$1.02B+24.7%52.6%
- Truckload: Unsided/platform equipment$437M+23.3%22.5%
- Other truck transportation$252M—13.0%
- Ocean and air cargo carriers$135M+213.1%7.0%
- Rail intermodal$39.4M+21.1%2.0%
- Less-than-truckload$32M+20.3%1.6%
- Other$25.6M+35.1%1.3%
Forward guidance
Landstar anticipates continued solid performance in Q1 2022, expecting revenue to be in the range of $1.70 billion to $1.75 billion and diluted earnings per share to be in the range of $2.70 to $2.80.
Tailwinds
- Expects revenue per load on loads hauled via truck to increase 14 to 17 percent in Q1 2022 over Q1 2021.
- Anticipates loads hauled via truck to increase by 12 to 14 percent in Q1 2022 over Q1 2021.
- Expects ongoing capacity constraints to support a strong freight environment in the near term.
- Strength in revenue per load on loads hauled via truck has continued into the first few weeks of January.
- Strong trends in loads hauled via truck are expected to continue through the remainder of Q1 2022.
Headwinds
- Typically, revenue in the first quarter is expected to be lower than the revenue of the immediately preceding fourth quarter.
- Assumes insurance and claims costs of 4.2 percent of BCO revenue.
- Assumes an effective income tax rate of 22.4 percent.
- Guidance is based on expectations for volume and pricing on loads hauled by truck.
- Future results are subject to uncertainties and risks including the impact of the coronavirus (COVID-19) pandemic.
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 2021
-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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