NasdaqGS:LSTRTransportation
How Does Landstar System’s (LSTR) Share Buyback Strategy Reflect Management’s Confidence Amid Softer Results?
Landstar System, Inc. recently posted second quarter results showing a slight year-on-year decrease in sales to US$1.19 billion and net income to US$41.89 million.
Despite these softer financials, the company reaffirmed its quarterly dividend and completed a significant share buyback, reducing shares outstanding since 2011 by more than a third.
We’ll explore how the recent year-on-year declines in both sales and net income may influence Landstar System’s investment outlook.
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