Last $73.17 USD
Change Today +0.36 / 0.49%
Volume 821.2K
LSTR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

landstar system inc (LSTR) Key Developments

Landstar System, Inc. Names Kevin Stout as Vice President and Chief Financial Officer, Effective December 29, 2014

Landstar System Inc. announced that Kevin Stout has been named Vice President and Chief Financial Officer of the company, effective December 29, 2014. Stout, who joined Landstar in 1997 as Director of Financial Reporting, is responsible for safeguarding the company's assets, and managing the entire financial and administrative operation for the nearly $3 billion transportation services provider. Stout was promoted to Director of Budget and Planning in 2003 and promoted again in 2004 to Vice President of Finance for the Landstar Carrier Group.

Landstar System, Inc. Declares Special Dividend, Payable on January 26, 2015

On December 4, 2014, Landstar System Inc. announced that its board of directors declared a special dividend of $1.00 per share to holders of its common stock. This dividend will be paid on or about January 26, 2015, to stockholders of record as of the close of business on January 12, 2015.

Landstar System Inc., Q4 2014 Guidance/Update Call, Dec 04, 2014

Landstar System Inc., Q4 2014 Guidance/Update Call, Dec 04, 2014

Landstar System Inc. Presents at Raymond James Global Airlines/Transportation Conference, Nov-06-2014 10:40 AM

Landstar System Inc. Presents at Raymond James Global Airlines/Transportation Conference, Nov-06-2014 10:40 AM. Venue: New York, New York, United States. Speakers: Henry H. Gerkens, Chairman, Chief Executive Officer, Member of Safety & Risk Committee and Member of Strategic Planning Committee, James B. Gattoni, President, Chief Financial Officer and Principal Accounting Officer.

Landstar System Inc. Declares Quarterly Dividend Payable on December 5, 2014; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014; Provides Consolidated Earnings Guidance for the Fourth Quarter and Full Year of 2014

Landstar System Inc. announced that its board of directors has declared a quarterly dividend of $0.07 per share payable on December 5, 2014 to stockholders of record at the close of business on November 11, 2014. It is currently the intention of the Board to pay dividends on a quarterly basis going forward. The company announced unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the quarter, the company reported revenue of $819,320,000, operating income of $59,577,000, income from continuing operations before income taxes of $58,803,000, income from continuing operations of $36,755,000 and net income of $36,755,000 or $0.82 per common and diluted share compared to revenue of $675,535,000, operating income of $46,614,000, income from continuing operations before income taxes of $45,758,000, income from continuing operations of $28,503,000 and net income of $29,246,000 or $0.64 per common and diluted share a year ago period. The strong quarter-over-quarter revenue performance continues to be broad-based across many accounts, agents and product lines. For the nine months, the company reported revenue of $2,321,960,000, operating income of $163,163,000, income from continuing operations before income taxes of $160,903,000, income from continuing operations of $100,318,000 and net income of $100,318,000 or $2.22 per diluted share compared to revenue of $1,972,805,000, operating income of $136,849,000, income from continuing operations before income taxes of $134,482,000, income from continuing operations of $83,746,000 and net income of $86,452,000 or $1.87 per diluted share a year ago period. Cash flow from operations for the 39 weeks ended September 27, 2014, was $72.6 million. Cash CapEx expenditures was $9 million in the 2014 39-week period. For the year, the company expects consolidated revenue to exceed $3.0 billion. In addition, the company anticipates that gross profit, operating income and diluted earnings per share in 2014 will also achieve full year company records. The company continues to expect on an annual basis, approximately 70% of the growth in 2014 gross profit will pass through the operating income. The midpoint of the 2014 fourth quarter revenue guidance should result in 2014 fourth quarter gross profit that's very similar to the 2014 third quarter gross profit. The company assumes a 2014 fourth quarter effective income tax rate of 38.2%, higher than the 37.5% rate experienced in the 2014 third quarter. The company would anticipate consolidated revenue for the 2014 fourth quarter to be in a range of $800 million at the low end to $840 million at the high end. The company would anticipate earnings per diluted share from continuing operations for the 2014 fourth quarter to be in a range of $0.77 to $0.82 per share, which compares to $0.55 per diluted share from continuing operations in the 2013 fourth quarter.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LSTR:US $73.17 USD +0.36

LSTR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
ArcBest Corp $44.09 USD -0.46
Hub Group Inc $37.49 USD +0.64
Swift Transportation Co $28.90 USD -0.02
TransForce Inc C$29.27 CAD -0.09
Werner Enterprises Inc $30.89 USD -0.20
View Industry Companies
 

Industry Analysis

LSTR

Industry Average

Valuation LSTR Industry Range
Price/Earnings 26.3x
Price/Sales 1.1x
Price/Book 6.6x
Price/Cash Flow 17.4x
TEV/Sales 1.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LANDSTAR SYSTEM INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.