Get alerts: Landstar System (NASDAQ:LSTR) executives said challenging freight demand and supply chain uncertainty persisted into the company’s fiscal 2025 fourth quarter, but highlighted improving sequential pricing late in the quarter and continued outperformance in the company’s heavy haul business. Management also detailed several discrete insurance and claims items that weighed on quarterly results and provided an update on technology and artificial intelligence initiatives aimed at supporting Landsta ...

JACKSONVILLE, Fla., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today confirmed its financial results for the 2025 fourth quarter. As previously disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 21, 2026, the Company reported total revenue of $1,174 million in the 2025 fourth quarter, compared to $1,209 million in the 2024 fourth quarter. Landstar reported basic and diluted earnings per share (“EPS”) ...

Group 1 - Landstar System, Inc. will release its 2025 fourth quarter results on January 28, 2026, after market close [1] - A quarterly conference call with analysts and investors will be held at 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 for those unable to attend live [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 customer base through a network of agents, third-party capacity providers, and employees [2] - Landstar's services are certified to ISO 9001:2015 and RC14001:2015 standards for quality and environmental management [2]

Core Viewpoint - Landstar System, Inc. has declared a special one-time cash dividend of $2.00 per share, reflecting the company's strong financial position and commitment to returning value to shareholders [1][2]. Financial Performance - The company repurchased 1,281,863 shares at an aggregate cost of approximately $180.9 million during the first 11 months of the 2025 fiscal year [3]. - Landstar returned $124.8 million to shareholders in cash dividends during the 2025 fiscal year, which includes a previously announced quarterly dividend of $0.40 per share scheduled for payment on December 9, 2025 [3]. - As of September 27, 2025, Landstar had approximately $434 million in cash and short-term investments [3]. Company Overview - Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions, offering specialized transportation services through a network of agents and third-party capacity providers [4]. - The company is headquartered in Jacksonville, Florida, and its common stock trades on NASDAQ under the symbol LSTR [4].

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]