Landstar System(US:LSTR) ZACKS·2025-10-29 19:11Core Insights - Landstar System, Inc. (LSTR) reported third-quarter 2025 earnings per share (EPS) of $1.22, missing the Zacks Consensus Estimate of $1.24 and reflecting a 13.5% year-over-year decline. Revenues reached $1.21 billion, slightly exceeding the Zacks Consensus Estimate of $1.20 billion but down 0.4% year over year [1][8]. Financial Performance - Operating income decreased by 58.3% year over year to $26.32 million, while total costs and expenses rose by 2.4% to $1.18 billion [1][8]. - The truck transportation segment, which accounts for 90.4% of total revenues, generated $1.08 billion, a decrease of 0.1% from the previous year and below expectations of $1.09 billion [3]. - Rail intermodal revenues increased by 12.8% from the second quarter of 2024 to $23.66 million, surpassing expectations of $20.8 million [3]. - Revenues from ocean and air-cargo carrier segments fell by 5.3% year over year to $72.27 million, below expectations of $77.8 million [4]. - Other revenues decreased by 22.9% to $19.57 million, also falling short of expectations of $20.6 million [4]. Liquidity and Shareholder Returns - At the end of the third quarter of 2025, Landstar had cash and cash equivalents of $375.19 million, up from $359.23 million in the prior quarter. Long-term debt (excluding current maturities) decreased to $47.70 million from $54.67 million [5]. - During the third quarter, Landstar repurchased 308,709 shares for $40.6 million and is authorized to buy an additional 1,552,813 shares. A quarterly cash dividend of 40 cents per share was announced, payable on December 9, 2025 [6].