Group 1: Special Dividend Announcement - Landstar System, Inc. (LSTR) announced a special one-time cash dividend of $2.00 per share, payable on Jan. 21, 2025, to shareholders of record as of Jan. 7 [1] - The company's president and CEO, Frank Lonegro, highlighted that Landstar's strong balance sheet and free cash flow generation support the return of value to stockholders [1] - Landstar has paid a total of $120.5 million in cash dividends to its shareholders [1] Group 2: Financial Position and Shareholder Initiatives - As of Sept. 28, 2024, LSTR had $531 million in cash and short-term investments, with plans to use free cash flow for stock purchases [2] - In 2023, LSTR rewarded shareholders with dividends totaling $117.1 million and share repurchases worth $53.9 million [2] - The management's decision to announce a special dividend reflects a commitment to boosting shareholder value and confidence in the business [4] Group 3: Stock Performance and Market Context - LSTR shares have gained 2.9% over the past six months, underperforming the industry's growth of 17.5% [6] - Dividend-paying stocks like LSTR are considered safe bets for wealth creation, providing a solid income stream and acting as a hedge against economic uncertainty [3]

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Landstar System, Inc. (LSTR) ) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.Let’s delve deeper.Southward Earnings Estimate Revision:The Zacks Consensus Estimate for third-quarter 2024 earnings has been revised 15.6% downward over the past 90 days. For 2024, the consensus mark for earnings has moved 4.4% south in the same time frame. The bearish alterations in estimate revisions underscore a notable decline in brokers' confidence in the stock.Wea ...

Landstar System, Inc. (LSTR) reported disappointing third-quarter 2024 results wherein both earnings and revenues lagged the Zacks Consensus Estimate. Quarterly earnings per share (EPS) of $1.41 missed the Zacks Consensus Estimate of $1.46 and fell 17.5% year over year. The reported figure quarter lies within the guided range of $1.35-$1.55. Find the latest EPS estimates and surprises on ZacksEarnings Calendar. Revenues of $1.21 billion lagged the Zacks Consensus Estimate of $1.22 billion and declined 5.8% ...

Landstar System, Inc. (NASDAQ:LSTR) Q3 2024 Earnings Conference Call October 29, 2024 4:30 PM ET Company Participants Frank Lonegro - President, Chief Executive Officer Jim Todd - Vice President, Chief Financial Officer Joe Beacom - Vice President, Chief Safety and Operations Officer Jim Applegate - Vice President, Chief Corporate Sales, Strategy and Specialized Freight Officer Matt Dannegger - Vice President and Chief Field Sales Officer Conference Call Participants Brian Ossenbeck - JP Morgan Tom Ridgw ...

Landstar System (LSTR) came out with quarterly earnings of $1.41 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.43%. A quarter ago, it was expected that this freight shipper and warehouser would post earnings of $1.46 per share when it actually produced earnings of $1.48, delivering a surprise of 1.37%. Over the last fou ...

Landstar System, Inc. 3Q 2024 Earnings Conference Call Date 2 3Q 2024 Forward-Looking Statements Disclaimer The following is a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995. Statements made in this slide presentation that are not based on historical facts are "forward-looking statements." This presentation may make certain statements containing forward-looking statements, such as statements which relate to Landstar's business objectives, plans, strategies and expectation ...

Exhibit 99.1 Landstor System, Inc. 13410 Sutton Park Drive, Sostem, Inc. 13410 Sutton Park Brive, Soster 1341 For Immediate Release October 29, 2024 LANDSTAR SYSTEM REPORTS THIRD QUARTER REVENUE OF $1.214B AND EARNINGS PER SHARE OF $1.41 Jacksonville, FL—Landstar System, Inc. (NASDAQ: LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.41 in the 2024 third quarter on revenue of $1.214 billion. "Consistent with the first half of 2024, the freight environment ...

JACKSONVILLE, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.41 in the 2024 third quarter on revenue of $1.214 billion. "Consistent with the first half of 2024, the freight environment during the third quarter remained challenging. The Landstar team of independent business owners and employees continued to perform admirably given this backdrop," said Landstar President and Chief Exec ...

JACKSONVILLE, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024, and will then hold its quarterly conference call with analysts and investors at 4:30 p.m. ET that evening to discuss the third quarter results and current outlook. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's Third Quarter 2024 Earnings Release Conference ...