Landstar System (LSTR) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Speaker0 Good morning, and welcome to Lonestar Systems Incorporated First Quarter Earnings Release Conference Call. All lines will be on 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 Lone Star are Frank Lonegro, president and CEO Jim Applegate, vice president and chief scope corporate sales strategy and spe ...

Earnings Release Schedule - Landstar System, Inc. announced the rescheduling of its Q1 2025 earnings release and conference call to May 13, 2025, from the previously scheduled date of April 29, 2025[7]. - The company expects to file its Quarterly Report on Form 10-Q for Q1 2025 no later than May 13, 2025, following a five-calendar day extension[7]. Fraud and Internal Control - A supply chain fraud was identified during the last week of Q1 2025, which does not involve Landstar's core North American truckload services[7]. - The ongoing evaluation of accounting and internal control matters is related to the previously referenced fraud[7]. Press Release - The press release detailing these updates was issued on April 25, 2025[5].

Date 1Q 2025 Forward-Looking Statements Disclaimer The following is a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995. Statements made in this slide presentation that are not based on historical facts are "forward-looking statements." This presentation may make certain statements containing forward-looking statements, such as statements which relate to Landstar's business objectives, plans, strategies and expectations. Such statements are by nature subject to uncertainties ...

JACKSONVILLE, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $0.85 in the 2025 first quarter on revenue of $1.153 billion. “The Landstar team of independent business owners and employees continued to perform admirably, despite a highly unpredictable macro-economic backdrop,” said Landstar President and Chief Executive Officer Frank Lonegro. “I was encouraged by the number of loads hauled ...

Group 1 - Landstar System, Inc. will release its 2025 first quarter results before the market opens on May 13, 2025 [1] - A quarterly conference call with analysts and investors will be held at 8:30 a.m. ET on the same day to discuss the results [1] - The conference call will be accessible via webcast and will also have a telephone replay option available for 48 hours [1] Group 2 - Landstar is a technology-enabled, asset-light provider of integrated transportation management solutions [2] - The company delivers specialized transportation services to a diverse range of customers through a network of agents and third-party capacity providers [2] - Landstar is headquartered in Jacksonville, Florida, and its common stock trades on NASDAQ under the symbol LSTR [2]

In its upcoming report, Landstar System (LSTR) is predicted by Wall Street analysts to post quarterly earnings of $0.92 per share, reflecting a decline of 30.3% compared to the same period last year. Revenues are forecasted to be $1.13 billion, representing a year-over-year decrease of 3.5%.The consensus EPS estimate for the quarter has been revised 2.9% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates d ...

Lodestar Metals Secures Option on Highly Prospective Gold Run Property in Nevada's Getchell TrendMay 07, 2025 7:11 PM EDT | Source: Lodestar Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) ("Lodestar" or the "Company"), is pleased to announce it has entered into a property option agreement dated May 6, 2025 (the "Option Agreement") with William Matlack and Don McDowell (collectively, the "Option") to acquire a 100% int ...

Core Viewpoint - Landstar System, Inc. is under investigation for potential securities fraud and unlawful business practices following the disclosure of significant supply chain fraud that may impact its earnings [1][2]. Group 1: Company Financial Impact - On April 2, 2025, Landstar identified a significant supply chain fraud that could adversely affect its first quarter 2025 earnings per share by $0.35 to $0.50, leading to the withdrawal of its previous earnings guidance [2]. - Following this announcement, Landstar's stock price dropped by $13.30, or 8.75%, closing at $138.63 on April 3, 2025 [2]. - On April 25, 2025, Landstar announced it would be unable to file its quarterly report on time due to ongoing evaluations of accounting and internal control matters related to the fraud, resulting in a further stock price decline of $4.92, or 3.52%, to close at $135.00 [3]. Group 2: Legal Investigation - Pomerantz LLP is investigating claims on behalf of Landstar investors regarding potential securities fraud and unlawful business practices by the company and its officers or directors [1]. - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having a long history of fighting for victims of securities fraud and corporate misconduct [4].

Core Viewpoint - Landstar System, Inc. is under investigation for potential securities fraud and unlawful business practices following the disclosure of significant supply chain fraud that may impact its earnings [1][3]. Financial Impact - On April 2, 2025, Landstar announced that the identified fraud could adversely affect its first quarter 2025 earnings per share by $0.35 to $0.50, leading to a stock price drop of $13.30, or 8.75%, closing at $138.63 on April 3, 2025 [3]. - On April 25, 2025, Landstar revealed it would be unable to file its quarterly report on time due to ongoing evaluations related to the fraud, resulting in a further stock price decline of $4.92, or 3.52%, closing at $135.00 [4]. Legal Proceedings - Pomerantz LLP is investigating claims on behalf of Landstar investors, indicating potential class action litigation related to the alleged fraud [1].

LOS ANGELES, May 1, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Landstar System, Inc. ("Landstar" or "the Company") (NASDAQ: LSTR) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Landstar admitted on April 2, 2025, that it had "identified a significant sup ...