LANDSTAR SYSTEM Reports 30.4% Decrease in Total Revenue for Q2 2023

August 9, 2023

🌥️Earnings Overview

For the quarter ending June 30 2023, LANDSTAR SYSTEM ($NASDAQ:LSTR) reported total revenue of USD 1373.9 million, a decrease of 30.4% from the corresponding period in 2023. Net income for the period was USD 66.6 million, a decline of 40.9% from FY2023 Q2.

Analysis

GoodWhale conducted an analysis on the wellbeing of LANDSTAR SYSTEM and identified it as a ‘rhino’ type of company with moderate revenue or earnings growth. This type of company is interesting for those looking for a steady and reliable investment with moderate returns. LANDSTAR SYSTEM has a very high health score of 10/10, indicating that it is capable to pay off debt and fund future operations. Additionally, LANDSTAR SYSTEM is strong in terms of asset, dividend, and profitability, while has medium levels of growth. This suggest that the company’s overall financial position is good, making it an attractive option for investors looking for reliable and steady returns. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Landstar System. More…

    Total Revenues Net Income Net Margin
    6.3k 338.27 5.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Landstar System. More…

    Operations Investing Financing
    604.74 -12.65 -309.38
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Landstar System. More…

    Total Assets Total Liabilities Book Value Per Share
    1.84k 844.2 27.64
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Landstar System are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    18.8% 25.9% 7.0%
    FCF Margin ROE ROA
    9.1% 28.7% 15.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items




  • Peers

    The company offers a full range of services including truckload, less-than-truckload, intermodal, airfreight, ocean freight, and logistics management services. Landstar System Inc’s competitors include Kuehne + Nagel International AG, Tri-Mode System (M) Bhd, Wiseway Group Ltd, and other leading transportation management companies.

    – Kuehne + Nagel International AG ($OTCPK:KHNGF)

    Kuehne + Nagel International AG is a leading global logistics company that provides innovative and comprehensive supply chain solutions for customers in a wide range of industries. The company’s market cap is 28.7B as of 2022 and its ROE is 76.87%. Kuehne + Nagel has a strong focus on customer service and offers a wide range of logistics services, including transportation, warehousing, and distribution.

    – Tri-Mode System (M) Bhd ($KLSE:0199)

    Tri-Mode System (M) Bhd is a company with a market cap of 68.06M as of 2022. The company has a ROE of 11.4%. Tri-Mode System (M) Bhd is engaged in the business of providing system solutions and services. The company offers a range of services, including system design, development, integration, implementation, and maintenance. Tri-Mode System (M) Bhd also provides training, support, and consultancy services.

    – Wiseway Group Ltd ($ASX:WWG)

    Wiseway Group Ltd is a publicly traded company with a market capitalization of $10.87 million as of 2022. The company has a return on equity of -17.59%. Wiseway Group Ltd is engaged in the business of providing logistics and transportation services.

    Summary

    Net income for the period also decreased by 40.9%, showing a decrease in profitability. Moreover, analysts should pay attention to the company’s prospects, financials, and competitive landscape to make an informed investment decision. Landstar System may be an attractive investment for those seeking capital appreciation, but investors should be aware of any possible risks and should do their own research before investing.

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