JACKSONVILLE, Fla., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced that on December 3, 2025, its Board of Directors declared a special one-time cash dividend in the amount of $2.00 per share, payable on January 21, 2026 to stockholders of record as of the close of business on January 6, 2026. “Landstar’s strong balance ...

Core Insights - Landstar System, Inc. reported total revenue of $1,205 million for Q3 2025, a slight decrease from $1,214 million in Q3 2024, with gross profit and variable contribution also down approximately 1% year-over-year [1][4] - Basic and diluted earnings per share (EPS) for Q3 2025 were $0.56, significantly lower than $1.41 in Q3 2024; however, adjusted EPS, excluding non-cash impairment charges, would have been $1.22 [1][4][32] - The company faced non-cash impairment charges totaling $30.1 million, which negatively impacted EPS by $0.66 [5][32] Financial Performance - Total revenue for Q3 2025 was $1,205 million, compared to $1,214 million in Q3 2024, reflecting a decrease of approximately 0.7% [1][4] - Gross profit for Q3 2025 was $111 million, down from $113 million in Q3 2024, while variable contribution decreased from $171 million to $170 million [4][9] - Operating income for Q3 2025 was $26.3 million, a significant drop from $63.1 million in Q3 2024 [4][31] Earnings Analysis - Basic and diluted EPS for Q3 2025 were reported at $0.56, compared to $1.41 in Q3 2024, indicating a decline of approximately 60% [1][4] - Adjusted EPS, which excludes the impact of non-cash impairment charges, was $1.22 for Q3 2025, compared to $1.41 in Q3 2024 [1][32] - The non-cash impairment charges included $16.1 million related to goodwill, $9.0 million for a transportation management system, and $5.0 million for an equity investment [5][32] Operational Highlights - The company noted strong performance in services hauled by unsided/platform equipment, with revenue from this segment increasing to $386 million in Q3 2025 from $370 million in Q3 2024 [2][7] - For the first time since Q1 2022, Landstar achieved sequential quarter-over-quarter growth in the count of independent business capacity owners (BCOs) [2] - Truck transportation revenue from BCOs and truck brokerage carriers accounted for 90% of total revenue in Q3 2025, consistent with the previous year [7] Capital Management - Landstar continued to return capital to shareholders, purchasing 308,709 shares for $40.6 million in Q3 2025, with total shares repurchased in the year-to-date period reaching 995,168 shares at a cost of approximately $143.9 million [6] - The Board of Directors declared a quarterly dividend of $0.40 per share, payable on December 9, 2025 [6] Balance Sheet Strength - As of September 27, 2025, Landstar reported cash and short-term investments of approximately $434 million, with a trailing twelve-month return on average shareholders' equity of 15% [10]

Company Announcement - Landstar System, Inc. will release its 2025 third quarter results after the market closes on October 28, 2025 [1] - A quarterly conference call with analysts and investors is scheduled for 4:30 p.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 available for 48 hours [1] Company Overview - Landstar System, Inc. 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, third-party capacity providers, and employees [2] - Landstar is certified to ISO 9001:2015 and RC14001:2015 quality management system standards [2]

Core Insights - Landstar System, Inc. (NASDAQ:LSTR) is actively marketing its Mexican subsidiary for sale following mixed financial results in Q2 2025 [2][3]. Financial Performance - In Q2 2025, Landstar reported Basic and Diluted EPS of $1.20 on revenue of $1.211 billion, reflecting a 1% decline in overall revenue [2]. - Truck revenue experienced its first year-over-year growth since Q3 2022, while heavy haul revenue increased by 9% year-over-year [2]. - The company repurchased $103 million in shares during the first half of 2025 [2]. Strategic Decisions - The decline in ocean and intermodal revenue, along with rising insurance and claim costs (which reached 6.6% of BCO revenue), contributed to the mixed results for the quarter [3]. - The decision to market the Mexican subsidiary, Landstar Metro, is part of an annual strategic review aimed at divesting non-performing assets and reallocating capital [3]. Market Position - Landstar is recognized as a leading provider of integrated transportation management solutions, operating with a unique business model that utilizes independent agents and third-party capacity providers [4]. - The company has attracted interest from 29 hedge funds, although the stock has a low upside potential of 3.35% [4].

Core Viewpoint - Landstar System, Inc. reported a decline in revenue and earnings per share for the second quarter of 2025 compared to the same period in 2024, while maintaining a strong focus on safety and service in a challenging freight transportation environment [1][2]. Financial Performance - The company reported total revenue of $1.211 billion in Q2 2025, down from $1.225 billion in Q2 2024, representing a decrease of approximately 1.1% [2]. - Basic and diluted earnings per share were $1.20 in Q2 2025, compared to $1.48 in Q2 2024, reflecting a decline of about 19% [1][12]. - Gross profit for Q2 2025 was $109 million, down from $120 million in Q2 2024, indicating a decrease of approximately 9.2% [4][12]. - Variable contribution in Q2 2025 was $170 million, compared to $175 million in Q2 2024, a decline of about 2.9% [4][12]. Revenue Breakdown - Truck transportation revenue accounted for 92% of total revenue in Q2 2025, amounting to $1.118 billion, compared to $1.106 billion (90% of revenue) in Q2 2024 [2]. - Truckload transportation revenue via van equipment was $591 million in Q2 2025, down from $619 million in Q2 2024 [2]. - Revenue from unsided/platform equipment increased to $401 million in Q2 2025 from $381 million in Q2 2024 [2]. - Revenue from other truck transportation services rose to $101 million in Q2 2025, compared to $78 million in Q2 2024 [2]. Operational Metrics - Truck revenue per load increased by 2.6% in Q2 2025 compared to Q2 2024, despite a 1.5% decline in the number of loads hauled [3]. - The number of independent business capacity owners (BCOs) remained flat sequentially, marking the best performance since Q2 2022 [1]. Capital Management - Landstar returned capital to shareholders through stock repurchases and dividends, purchasing 300,141 shares for $42.4 million in Q2 2025, totaling 686,459 shares for approximately $103.3 million in the first half of 2025 [1]. - The Board of Directors declared a quarterly dividend of $0.40 per share, payable on September 9, 2025 [1]. Balance Sheet Strength - As of June 28, 2025, Landstar had cash and short-term investments totaling approximately $426 million [5]. - The trailing twelve-month return on average shareholders' equity was 17%, and return on invested capital was 16% [6].

Company Announcement - Landstar System, Inc. will release its 2025 second quarter results after the market closes on July 29, 2025 [1] - A quarterly conference call with analysts and investors is scheduled for 4:30 p.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 available for 48 hours [1] Company Overview - Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions [2] - The company delivers specialized transportation services to a diverse customer base through a network of agents, third-party capacity providers, and employees [2] - Landstar is certified to ISO 9001:2015 and RC14001:2015 standards for quality management and environmental, health, safety, and security management systems [2]

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]