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 |
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 |