Core Insights - Landstar System (LSTR) reported revenue of $1.21 billion for the quarter ended September 2025, reflecting a year-over-year decline of 0.4% and an EPS of $1.22, down from $1.41 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $1.2 billion by 0.49%, while the EPS fell short of the consensus estimate of $1.24 by 1.61% [1] Financial Performance Metrics - Revenue per load for Ocean and air cargo carriers was $9,254, significantly higher than the average estimate of $7,458.86 [4] - Revenue per load for Rail Intermodal was reported at $2,962, exceeding the average estimate of $2,851.28 [4] - Total number of loads was 501,230, slightly below the average estimate of 504,293 [4] - Truck Transportation loads totaled 485,430, also below the average estimate of 488,618 [4] - Investment income was $3.29 million, surpassing the average estimate of $2.82 million, but represented a year-over-year decline of 16% [4] - Revenue from Other sources was $19.57 million, lower than the estimated $22.41 million, marking a 23% decline year-over-year [4] - Revenue from Rail Intermodal increased to $23.67 million, exceeding the estimate of $21.51 million, with a year-over-year growth of 12.8% [4] - Truck Transportation revenue was $1.09 billion, matching the average estimate, with a slight year-over-year decline of 0.1% [4] - Revenue from Ocean and air cargo carriers was $72.27 million, above the estimate of $61.22 million, but down 5.3% year-over-year [4] - Other Truck Transportation revenue was $96.04 million, below the average estimate of $112.37 million, reflecting a year-over-year increase of 3.1% [4] - Less-than-truckload revenue was $24.48 million, exceeding the average estimate of $23.05 million, with a year-over-year growth of 1.2% [4] Stock Performance - Landstar shares have returned +6.6% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Landstar System (LSTR) reported revenue of $1.15 billion for Q1 2025, a year-over-year decline of 1.6%, with EPS of $0.85 compared to $1.32 a year ago, indicating a decrease in profitability [1] - The revenue exceeded the Zacks Consensus Estimate of $1.13 billion by 1.95%, while the EPS fell short of the consensus estimate of $0.92 by 7.61% [1] Financial Performance Metrics - Revenue per load for Ocean and air cargo carriers was $7,197, surpassing the average estimate of $6,579.53 [4] - Revenue per load for Rail Intermodal was $2,843, below the average estimate of $3,170.29 [4] - Total number of loads was 500,170, exceeding the average estimate of 484,455 [4] - Truck Transportation loads totaled 484,900, compared to the average estimate of 468,390 [4] - Investment income was reported at $3.60 million, above the average estimate of $2.88 million, representing a year-over-year increase of 5.5% [4] Revenue Breakdown - Revenue from Other sources was $19.66 million, below the average estimate of $23.67 million, reflecting a year-over-year decline of 22.4% [4] - Revenue from Rail Intermodal was $17.49 million, compared to the average estimate of $21.94 million, marking a year-over-year decrease of 23% [4] - Truck Transportation revenue was $1.05 billion, slightly above the average estimate of $1.02 billion, with a year-over-year decline of 1.8% [4] - Revenue from Ocean and air cargo carriers was $65.64 million, exceeding the average estimate of $60.40 million, with a year-over-year increase of 21.4% [4] - Revenue from Other Truck Transportation was $92.08 million, surpassing the average estimate of $74.63 million, indicating a year-over-year increase of 28% [4] - Revenue from Less-than-truckload services was $22.44 million, below the average estimate of $25.58 million, reflecting a year-over-year decline of 12.4% [4] Stock Performance - Landstar shares have returned +1.8% over the past month, underperforming the Zacks S&P 500 composite's +9.1% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), suggesting potential underperformance in the near term [3]

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]