Brief: Landstar System Second Quarter Revenue $1.98 Bln

Landstar System

20/07/2022 22:08

July 20 (Reuters) - Landstar System Inc  LSTR.O :
    * LANDSTAR SYSTEM REPORTS RECORD SECOND QUARTER REVENUE OF
$1.975B
AND DILUTED EARNINGS PER SHARE OF $3.05
    * Q2 EARNINGS PER SHARE $3.05
    * Q2 EARNINGS PER SHARE VIEW $3.23, REVENUE VIEW $2.00
BILLION --
REFINITIV IBES DATA
    * TRUCK REVENUE PER LOAD DECREASED ABOUT 4% SEQUENTIALLY
FROM
APRIL TO MAY, WHICH WAS NOT ANTICIPATED IN THE 2022 Q2 GUIDANCE
    * NUMBER OF LOADS HAULED VIA TRUCK IN 2022 Q2 INCREASED 10%
OVER
2021 Q2
    * EXPECT TRUCK REVENUE PER LOAD IN THE 2022 THIRD QUARTER TO
BE
ESSENTIALLY EQUAL TO THAT OF THE 2021 THIRD QUARTER
    * FOR Q3 2022, NUMBER OF LOADS HAULED VIA TRUCK TO INCREASE
OVER
THE 2021 THIRD QUARTER IN A RANGE OF 3 PERCENT TO 5 PERCENT
    * ANTICIPATE REVENUE FOR THE 2022 THIRD QUARTER TO BE IN A
RANGE
OF $1.80 BILLION TO $1.85 BILLION
    * ANTICIPATE DEPS TO BE IN A RANGE OF $2.75 TO $2.85 FOR Q3
    * Q3 REVENUE VIEW $1.77 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNXccZvPR 
Further company coverage:  LSTR.O 

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