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]. Group 1: Company Disclosures - 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 [3]. - Following this announcement, Landstar's stock price dropped by $13.30, or 8.75%, closing at $138.63 on April 3, 2025 [3]. - 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 identified fraud [4]. - This news resulted in a further decline in Landstar's stock price by $4.92, or 3.52%, closing at $135.00 on April 25, 2025 [4]. 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].

Group 1 - Block & Leviton is investigating Landstar System, Inc. for potential securities law violations following a significant drop in share price [1][2] - Shares of Landstar System, Inc. fell over 3% on April 25 after the company announced a delay in filing its 10-Q and postponement of its earnings release to May 13 due to ongoing evaluation of internal accounting controls and financial reporting related to previous supply chain fraud issues [2] - Investors who have lost money in their Landstar System, Inc. investment are encouraged to contact Block & Leviton for potential recovery options [3][5] Group 2 - Block & Leviton is considering filing an action to recover losses on behalf of investors who have been affected by the company's issues [4] - The firm is recognized as a leading securities class action firm, having recovered billions of dollars for defrauded investors [7] - Whistleblowers with non-public information about Landstar System, Inc. may assist in the investigation and could receive rewards of up to 30% of any successful recovery [6]

Logistics specialist Landstar System (LSTR -3.44%) wasn't looking like such a special company to investors as the trading week came to a close. Its share price decelerated by almost 4% on Friday on news of a reporting delay. That decline was particularly noticeable given that the benchmark S&P 500 index increased on the day, rising by 0.6%.An uncomfortable delayThat morning Landstar announced that its first-quarter earnings release, scheduled for publication next Tuesday, April 29, has been shifted forward. ...

JACKSONVILLE, Fla., April 25, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) announced today that it has rescheduled its 2025 first quarter earnings release and conference call with analysts and investors for Tuesday, May 13, 2025. The earnings release and conference call were previously scheduled for Tuesday, April 29, 2025. The Company also currently anticipates filing today a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commi ...

Group 1 - The logistics sector presents underappreciated stocks with significant potential despite challenges such as sticky inflation and new tariffs [1] - The analyst has nearly two decades of experience in the logistics sector and focuses on ASEAN and NYSE/NASDAQ stocks, particularly in banks, telecommunications, logistics, and hotels [1] - The analyst began trading in the Philippine stock market in 2014, diversifying investments across various industries and market capitalizations [1] Group 2 - The analyst has expanded into the US market since 2020, gaining insights through a trading account initially managed by a relative [1] - The analyst has holdings in US banks, hotels, shipping, and logistics companies, utilizing analyses from Seeking Alpha to compare with the Philippine market [1]

On April 2, 2025, Landstar System, Inc. (LSTR) issued updated first-quarter 2025 guidance, citing issues related to truckload volume, truck revenue per load, variable contribution and insurance and claims expenses. Additionally, a supply chain fraud case has come to light, which is likely to negatively impact LSTR’s earnings.Given this backdrop, the question that naturally arises is: Should investors buy, hold, or sell LSTR stock now? A more in-depth analysis is needed to make that determination. Before div ...

Landstar System, Inc. (LSTR) has updated its first-quarter 2025 guidance, citing issues related to truckload volume, truck revenue per load, variable contribution and insurance and claims expense. Additionally, a supply chain fraud case has come into the limelight, which is likely to affect LSTR’s earnings.Let’s delve deeper.Landstar witnessed a stronger than typical February with respect to the number of loads hauled via truck. This performance more than offset the softness experienced on loads hauled via ...

A month has gone by since the last earnings report for Landstar System (LSTR) . Shares have lost about 6.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Landstar due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Landstar Q4 Earnings Miss EstimatesLandstar's fourt ...

Financial Performance - Total revenue for the fiscal year ended December 28, 2024, was $4,819,245, a decrease of 9.1% compared to $5,303,322 in 2023[228]. - Net income for the fiscal year 2024 was $195,946, down 26.0% from $264,394 in 2023[228]. - Operating income decreased to $248,907 in 2024, a decline of 27.7% from $344,149 in 2023[228]. - The company reported comprehensive income of $190,801 for the fiscal year 2024, down from $272,553 in 2023, a decrease of 30.0%[231]. - External revenue from the transportation logistics segment in 2024 was $4,756,008, compared to $5,230,846 in 2023, reflecting a decline of 9%[323]. - The insurance segment generated total revenue of $120,713 in 2024, a decrease from $140,453 in 2023[323]. - The company reported an increase in insurance and claims costs, with total insurance and claims expenses of $171,405 in 2024, compared to $182,218 in 2023[323]. - Investment income increased to $14,810 in 2024, up from $10,141 in 2023[323]. Assets and Liabilities - Total current assets decreased to $1,319,867 in 2024 from $1,352,741 in 2023, primarily due to a decrease in trade accounts receivable[225]. - Total liabilities decreased slightly to $840,000 in 2024 from $842,000 in 2023, indicating stable financial management[225]. - The company had no borrowings outstanding under the Credit Agreement as of December 28, 2024, maintaining a revolving credit facility of $300,000,000[220]. - The self-insurance claims liability as of December 28, 2024, was estimated at $103,353,000[340]. - As of December 28, 2024, total deferred tax assets increased to $25,108,000 from $22,954,000 in 2023, while total deferred tax liabilities decreased to $42,710,000 from $46,942,000, resulting in a net deferred tax liability of $17,602,000[273]. Shareholder Returns - The company paid dividends of $120,476 in 2024, compared to $117,130 in 2023, representing an increase of 2.0%[234]. - Dividends increased to $3.38 per share in 2024, up from $3.26 per share in 2023, reflecting a growth of 3.68%[236]. - The Company declared a special cash dividend of $2.00 per share, resulting in dividends payable of $70,632,000 as of December 28, 2024[263]. - The Company purchased a total of 452,019 shares of its Common Stock at a total cost of $82.117 million during fiscal year 2024[312]. Stock and Equity - The average basic and diluted shares outstanding decreased to 35,538,000 in 2024 from 35,920,000 in 2023[228]. - The total number of common shares outstanding increased to 68,559,269 in 2024 from 68,497,324 in 2023, reflecting a slight increase of 0.1%[236]. - Total common stock purchases amounted to $82,117,000 in 2024, compared to $54,267,000 in 2023, indicating a significant increase of 51.4%[236]. - The total unrecognized compensation cost related to RSU awards as of December 28, 2024, was $41.9 million, with an expected average remaining life of approximately 3.3 years[303]. Taxation - For the fiscal year 2024, the total current income tax expense was $65,370,000, a decrease from $91,410,000 in 2023[272]. - The Company reported income taxes of $58,380,000 for fiscal year 2024, down from $83,701,000 in 2023, reflecting a decrease of approximately 30%[273]. - Landstar paid income taxes of $47,528,000 in fiscal year 2024, significantly lower than $92,695,000 in fiscal year 2023, marking a decrease of approximately 48.9%[275]. Operational Insights - Truck transportation revenue from BCO Independent Contractors accounted for 38% of consolidated revenue in 2024, consistent with 2023, while Truck Brokerage Carriers contributed 52%, down from 53%[244]. - Van equipment revenue decreased to $2,447,810,000 in 2024 from $2,742,281,000 in 2023, a decline of approximately 10.7%[244]. - The company experienced unfavorable development of prior years' self-insured claims, impacting operating income by $8,824 in 2024[326]. Goodwill and Impairment - The Company performed a qualitative assessment of goodwill in Q4 2024 and determined that the fair value of each reporting unit is likely greater than its carrying amount, thus no quantitative impairment test was necessary[257]. Internal Controls and Audit - The audit report expressed an unqualified opinion on the effectiveness of the Company's internal control over financial reporting as of December 28, 2024[347]. - There were no significant changes in the Company's internal control over financial reporting during the fourth fiscal quarter[354].

Core Insights - The articles emphasize that the content is opinion-based and does not provide investment advice, highlighting the importance of conducting personal research before making investment decisions [1][2][3][4] Group 1 - The author has six years of experience in long-horizon investment portfolio management and consulting, indicating a strong background in financial analysis [1] - There is a clear disclaimer that the author does not hold any positions in the companies mentioned and has no plans to initiate any positions in the near future [2] - The articles stress that past performance is not indicative of future results, reinforcing the need for individual assessment of investment suitability [4]