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Investors are closely monitoring the company’s performance as it navigates through the current economic landscape, which has impacted the transportation industry at large. The company maintains healthy liquidity with a current ratio of 1.96, while generating $280.75 million in levered free cash flow over the last twelve months. The company maintains healthy liquidity with a current ratio of 1.96, while generating $280.75 million in levered free cash flow over the last twelve months. Investors are closely monitoring the company’s performance as it navigates through the current economic landscape, which has impacted the transportation industry at large. The company maintains healthy liquidity with a current ratio of 1.96, while generating $280.75 million in levered free cash flow over the last twelve months. Investors are closely monitoring the company’s performance as it navigates through the current economic landscape, which has impacted the transportation industry at large.
In other recent news, Landstar System (NASDAQ:LSTR)’s fourth-quarter earnings and revenue results have emerged. The transportation company reported earnings per share (EPS) of $1.31, which was consistent with Benchmark’s estimate but fell short of the consensus estimate of $1.36. The company’s revenue for the quarter was $1.209 billion, a modest year-over-year increase of 0.4%, and slightly exceeded analyst projections of $1.2 billion.
Benchmark analyst Christopher Kuhn maintained a Hold rating on Landstar, indicating that the current valuation of the company already incorporates the quality of the business and its robust balance sheet. This rating comes amid a challenging environment with high truckload capacity and subdued demand, which led to a load growth of -3.4%.
Despite these challenges, Landstar’s revenue per truckload saw a 3.1% increase compared to the same quarter in the previous year. For the first quarter of 2025, Landstar provided revenue and EPS guidance that fell below both Benchmark’s and FactSet’s estimates. However, truck volumes and revenue per load are expected to follow normal seasonal trends.
These recent developments show a marginal increase in Landstar’s fourth quarter revenue compared to the same period last year. For the full year of 2024, Landstar reported revenue of $4.82 billion, down from $5.30 billion in 2023, and net income of $195.9 million, compared to $264.4 million in the previous year. The company’s board also declared a quarterly dividend of $0.36 per share.
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