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Landstar System(LSTR) - 2025 Q1 - Earnings Call Presentation
2025-05-13 12:20
Financial Performance - Revenue decreased by 1.6% from $1,171.0 million in 1Q 2024 to $1,152.5 million in 1Q 2025 [15] - Operating income decreased by 34.3% from $60.0 million in 1Q 2024 to $39.4 million in 1Q 2025 [15] - Earnings per share decreased by 35.6% from $1.32 in 1Q 2024 to $0.85 in 1Q 2025 [15] - Gross profit decreased from $113.9 million in 1Q 2024 to $98.3 million in 1Q 2025, with gross profit margin decreasing from 9.7% to 8.5% [40] - Variable contribution decreased from $168.2 million in 1Q 2024 to $161.3 million in 1Q 2025, with variable contribution margin decreasing from 14.4% to 14.0% [40] Operational Metrics - Truck revenue was $1.05 billion [23] - Truck loadings were 485,000 [23] - Truck revenue per load was $2,165 [23] - The company has approximately 1,030 agents, over 23,000 customers, and access to over 88,000 capacity providers [21] - Available truck capacity providers totaled 88,469 as of March 29, 2025 [26] Capital Allocation - Net cash was $379.5 million as of March 29, 2025, compared to $465.2 million as of March 30, 2024 [47] - Share repurchases amounted to $60.4 million in 1Q 2025 [48] - Dividends paid were $83.3 million in 1Q 2025 [48]