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The Jacksonville, Fla.-based truckload carrier on April 21 reported record quarterly net income of $77.2 million, or $2.01 per diluted share, for the quarter. That compared with $40.9 million, or $1.04, during the same time the previous year. Total revenue increased 32.5% to $1.288 billion from $927.6 million.

The results surpassed expectations of investment analysts, who forecast $1.59 per share on Q1 revenue of $1.14 billion, according to Zacks Consensus Estimate.

“Landstar’s 2021 first quarter set a new standard as the best first-quarter financial performance in our history,” Landstar CEO Jim Gattoni said in a news release. “Revenue was the second-highest quarterly revenue in Landstar’s history, second only to the 2020 fourth quarter. And, 2021 first-quarter gross profit, net income and diluted earnings per share were each all-time quarterly records.”

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