Landstar System, Inc. (OQ:LSTR)

Sector:  Industrials Industry:  Ground Freight & Logistics
 
See Regulatory Filings on SEC
Company Contact
Address: 13410 SUTTON PARK DRIVE SOUTH
JACKSONVILLE FL 32224
Tel: N/A
Website: https://www.landstar.com
IR: See website
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Key People
Frank A. Lonegro
President, Chief Executive Officer, Director
James P. Todd
Chief Financial Officer, Vice President
Joseph J. Beacom
Vice President, Chief Safety and Operations Officer
Aimee M. Cooper
Chief Administrative Officer, Vice President
Ricardo S. Coro
Vice President, Chief Information Officer
Michael K. Kneller
Vice President, General Counsel, Secretary
Jim Applegate
Chief Corporate Sales, Strategy and Specialized Freight Officer
Matt Dannegger
Chief Field Sales Officer
 
Business Overview
Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions delivering specialized transportation services to a range of customers utilizing a network of agents, third-party capacity providers and employees. The Company operates through two segments. Transportation logistics segment provides a range of integrated transportation management solutions. Transportation services offered by the Company include truckload, less-than-truckload and other truck transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, United States-Canada and United States-Mexico cross-border, intra-Mexico, intra-Canada, project cargo and customs brokerage. Insurance segment consists of Signature Insurance Company and Risk Management Claim Services, Inc. The insurance segment provides risk and claims management services to certain of Landstars Operating Subsidiaries.
Financial Overview
For the fiscal year ended 30 December 2023, Landstar System, Inc. revenues decreased 29% to $5.31B. Net income decreased 39% to $264.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Transportation Logistics segment income decrease of 45% to $288.6M. Dividend per share increased from $1.10 to $1.26.
Employees: 1,468 as of Dec 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $5,568M as of Dec 30, 2023
Annual revenue (TTM): $5,313M as of Dec 30, 2023
EBITDA (TTM): $402.30M as of Dec 30, 2023
Net annual income (TTM): $264.39M as of Dec 30, 2023
Free cash flow (TTM): $250.83M as of Dec 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 35,762,038 as of Mar 13, 2024
Index Membership: Dow Transportation, S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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