Home Money Landstar System, Inc. (LSTR) Q1 2024 Earnings Call Transcript

Landstar System, Inc. (LSTR) Q1 2024 Earnings Call Transcript

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Landstar System, Inc. (LSTR) Q1 2024 Earnings Call Transcript

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Landstar System, Inc. (NASDAQ:LSTR) Q1 2024 Earnings Call Transcript April 25, 2024 8:00 AM ET

Company Participants

Frank Lonegro – President and CEO
James Todd – Vice President and CFO
Joe Beacom – Vice President, Chief Safety & Operations Officer

Conference Call Participants

Scott Group – Wolfe Research
Thomas Wadewitz – UBS
Jonathan Chappell – Evercore
Bruce Chan – Stifel
Stephanie Moore – Jefferies
Joe Enderlin – Stephens
Bascome Majors – Susquehanna
Uday Khanapurkar – TD Cowen

Operator

Good morning, and welcome to Landstar System’s First Quarter Earnings Release Conference Call. All lines will be in a listen-only mode until the formal question-and-answer session. Today’s call is being recorded. If you have any objections, you may disconnect at this time.

Joining us today from Landstar are Frank Lonegro, President and CEO; Jim Todd, Vice President and CFO; Joe Beacom, Vice President and Chief Safety and Operations Officer.

Now, I would like to turn the call over to Jim Todd. Sir, you may begin.

James Todd

Thank you, Bill. Good morning, and welcome to Landstar’s 2024 first quarter earnings conference call.

Before we begin, let me read the following statement. The following is a safe harbor statement under the Private Securities Litigation Reform Act of 1995. Statements made during this conference call that are not based on historical facts are forward-looking statements. During this conference call, we may make statements that contain forward-looking information that relates to Landstar’s business objectives, plans, strategies and expectations.

Such information is by nature subject to uncertainties and risks, including, but not limited to, the operational, financial and legal risks detailed in Landstar’s Form 10-K for the 2023 fiscal year described in the section Risk Factors and other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical results or

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