Landstar System Inc. reported record net income for the 2006 second quarter of $29.5 million, or $.50 per diluted share, compared to net income of $22.4 million, or $.37 per diluted share, for the 2005 second quarter.
Revenue for the 2006 second quarter was a record $643 million and increased 19 percent from $539 million in the 2005 second quarter. Operating margin was 7.7 percent in the 2006 second quarter compared to 7.0 percent in the 2005 second quarter.
Landstar's carrier group of companies generated $468 million of revenue in the 2006 second quarter, compared with revenue of $412 million in the 2005 second quarter. In the 2006 and 2005 second quarters, the carrier group invoiced customers $46.7 million and $28.7 million, respectively, of fuel surcharges that were passed on 100 percent to business capacity owners and excluded from revenue.
Revenue for the 2006 second quarter was a record $643 million and increased 19 percent from $539 million in the 2005 second quarter. Operating margin was 7.7 percent in the 2006 second quarter compared to 7.0 percent in the 2005 second quarter.
Landstar's carrier group of companies generated $468 million of revenue in the 2006 second quarter, compared with revenue of $412 million in the 2005 second quarter. In the 2006 and 2005 second quarters, the carrier group invoiced customers $46.7 million and $28.7 million, respectively, of fuel surcharges that were passed on 100 percent to business capacity owners and excluded from revenue.
media brand
0 Comments
See all comments