Landstar System, Inc. Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Year 2021
October 20, 2021 at 09:15 pm
Share
Landstar System, Inc. provided earnings guidance for the third quarter, fourth quarter and year 2021. The company expects revenue guidance of $1.55 billion to $1.60 billion and third quarter diluted earnings per share guidance of $2.20 to $2.30.
The company anticipates revenue for the 2021 fourth quarter to be in a range of $1.70 billion to $1.75 billion. The company anticipates diluted earnings per share to be in a range of $2.55 to $2.65 in the 2021 fourth quarter.
The company anticipates establishing new all-time fiscal year records in 2021 with annual revenue expected to be in excess of $6 billion and diluted earnings per share expected to be in excess of $9.55.
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.
LANDSTAR SYSTEM, INC. 
