Landstar System (LSTR) Tops Q4 EPS by 18c
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Landstar System Achieves Record-Breaking Annual Performance in 2021 With Record Diluted Earnings Per Share Of $2.99 in the 2021 Fourth Quarter
January 26, 2022 4:15 PM ESTJACKSONVILLE, Fla., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported record quarterly revenue of $1.945 billion in the 2021 fourth quarter, a 50 percent increase over revenue of $1.296 billion in the 2020 fourth quarter. The Company also reported net income of $113.3 million, or diluted earnings per share (DEPS) of $2.99, in the 2021 fourth quarter compared to net income in the 2020 fourth quarter of $65.1 million, or DEPS of $1.70. It should be noted that DEPS in the 2020 fourth quarter included a one-time charge of $15.5 million, or $0.31 per diluted share, related to buyouts of certain incentive commission arrangements with several Landstar... More
