Inferra AI / Company / LSTR

Landstar System Inc.

LSTR · Industrials

Last earnings Oct 27, 2026

Key results

Revenuequarter

$1,205 million

The Company reported total revenue of $1,205 million in the 2025 third quarter, compared to $1,214 million in the 2024 third quarter.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

EPSquarter

$0.56

Landstar reported basic and diluted earnings per share ( EPS ) of $0.56 for the 2025 third quarter, compared to $1.41 in the 2024 third quarter.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Truck transportation revenue hauled by independent business capacity owners ( BCOs ) and truck brokerage carriers in the 2025 third quarter was $1,090 million, or 90% of revenue, compared to $1,091 million, or 90% of revenue, in the 2024 third quarter.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Truckload transportation revenue hauled via van equipment in the 2025 third quarter was $583 million, compared to $604 million in the 2024 third quarter.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Truckload transportation revenue hauled via unsided/platform equipment in the 2025 third quarter was $386 million, compared to $370 million in the 2024 third quarter.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Gross profit in the 2025 third quarter was $111 million, and variable contribution (defined as revenue less the cost of purchased transportation and commissions to agents) in the 2025 third quarter was $170 million.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Operating incomequarter

$ 26.3

Revenue $ 1,205.4 $ 1,213.9 (0.7%) Operating Income $ 26.3 $ 63.1 (58.3%) Adjusted Operating Income (1) $ 56.4 $ 63.1 (10.6%) Earnings per Share $ 0.56 $ 1.41 (60.3%) Adjusted Earnings per Share (1) $ 1.22 $ 1.41 (13.5%) Excludes the impact of the Non-Cash Impairment Charges in the 2025 third quarter.

SEC original ↗Landstar System Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025

B Truck revenueQ3 2025

$1.09B

Slide header $1.09B Truck Revenue 485K Truck Loadings $2,245 Truck Revenue per Load 485 Million $ Agents* 8,618 BCO Trucks 67,465 Carriers 17,400+ Trailers 0.60 DOT Accidents per Million Miles** * Based on 2024 fiscal year ** Based on 3Q 2025 YTD; See definition of DOT Accidents within the Appendix 3Q R E S U L T S L A N D S T A R N E T W O R K Agents ~1,000 Customers 23,000+ Capacity 75,000+ Employees ~1,400 Landstar Network and 3Q Truckload Operating Results Slide header Active refers to truck brokerage carriers who hauled freight for Landstar in the 180-day period immediately preceding the period end.

SEC original ↗Landstar System Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025

B Truck revenueytd

$2,245

SEC original ↗Landstar System Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025

AI analysis

Q3 2025 · reported Oct 28, 2025

Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held

Revenue · Q3 2025

$1,205M

EX-99 · Oct 28, 2025

EPS · Q3 2025

$0.56

EX-99 · Oct 28, 2025

Operating income · Q3 2025

$ 26.3

EX-99 · Oct 28, 2025

B Truck revenue · Q3 2025

$1.09B

EX-99 · Oct 28, 2025

Headline figures

Metric	Q3 2025	Prior qtr	Year ago
Revenue	$1,205 million	—	—
EPS	$0.56	—	—
Operating income	$ 26.3	—	—
B Truck revenue	$1.09B	—	—

EX-99 · Oct 28, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Dividend$0.40

Capex15%

Capex12%

LANDSTAR SYSTEM/3 Landstar continues to return capital to stockholders through the Company s stock purchase program and dividends.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Landstar reported basic and diluted earnings per share ( EPS ) of $0.56 for the 2025 third quarter, compared to $1.41 in the 2024 third quarter

Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

LANDSTAR SYSTEM/3 Landstar continues to return capital to stockholders through the Company s stock purchase program and dividends.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.40 per share payable on December 9, 2025, to stockholders of record as of the close of business on November 18, 2025.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Return on invested capital, representing net income divided by the sum of average equity plus average debt, was 13%.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Slide header Return Type Sep 27, 2025 (4) Sep 28, 2024 Equity 15% 21% Invested Capital 13% 19% Assets 8% 12% N E T C A S H (1) with Debt to Capital (2) as of date indicated S O U R C E S / U S E S O F C A S H Year-to-date as of date indicated Cash Flow Type 3Q 2025 3Q 2024 Cash flow from operations $ 152.2 $ 225.4 Capital expenditures $ 7.7 $ 24.3 Free cash flow (3) $ 144.5 $ 201.2 Share repurchases $ 143.2 $ 78.7 Dividends paid $ 111.1 $ 107.8 R E T U R N S Trailing 12 months as of date indicated Net cash is defined as cash and cash equivalents of $375.2 million plus short term investments of $59.2 million less outstanding debt of $77.1 million as of September 27, 2025.

SEC original ↗Landstar System Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025

As of September 28, 2024, net cash was cash and cash equivalents of $468.8 million plus short term investments of $62.5 million less outstanding debt of $72.5 million.

SEC original ↗Landstar System Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025

Capital is defined as total debt plus total shareholders equity.

SEC original ↗Landstar System Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025

Strategy & priorities

Sustained strength over multiple quarters in our unsided/platform business, turning the corner on net BCO truck count and our laser focus on safety, security and delivering great service to our customers will be key elements we will leverage during the next upcycle.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

LANDSTAR SYSTEM/2 With respect to Landstar s EPS performance in the 2025 third quarter, the Company conducted a strategic review of our operations during the 2025 third quarter focused on efforts to streamline our core operations and position the Company for future growth.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Following this strategic review, Landstar made several important decisions that resulted in the Non-Cash Impairment Charges.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

This press release contains forward-looking statements, such as statements which relate to Landstar s business objectives, plans, strategies and expectations.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

This presentation may make certain statements containing forward-looking statements, such as statements which relate to Landstar s business objectives, plans, strategies and expectations.

SEC original ↗Landstar System Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025

Risks & headwinds

The Landstar team of independent business owners and employees executed admirably during the 2025 third quarter despite continued challenges in the overall economic environment for truck transportation services, said Landstar President and Chief Executive Officer Frank Lonegro.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Such statements are by nature subject to uncertainties and risks, including but not limited to: decreased demand for transportation services; U.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated.

SEC original ↗Landstar System Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Such statements are by nature subject to uncertainties and risks, including but not limited to: the operational, financial or legal risks or uncertainties detailed in Landstar s Form 10-K for the 2024 fiscal year and Form 10-Q for the 2025 first quarter, described in the section Risk Factors, and other SEC filings from time to time.

SEC original ↗Landstar System Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 28, 2025

Documents

Earnings deck slides

0 decks with slide view

Landstar System Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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