Earnings summaries and quarterly performance for LANDSTAR SYSTEM.
Executive leadership at LANDSTAR SYSTEM.
Frank A. Lonegro
President and Chief Executive Officer
Aimee M. Cooper
Vice President and Chief Administrative Officer
James M. Applegate
Vice President and Chief Corporate Sales, Strategy and Specialized Freight Officer
James P. Todd
Vice President and Chief Financial Officer
Joseph J. Beacom
President, Landstar System Holdings, Inc. and Agent-Based Operating Subsidiaries
Matthew M. Dannegger
Vice President and Chief Field Sales Officer
Matthew Miller
Vice President and Chief Safety and Operations Officer
Michael K. Kneller
Vice President, General Counsel and Secretary
Ricardo S. Coro
Vice President and Chief Information Officer
Board of directors at LANDSTAR SYSTEM.
Anthony J. Orlando
Director
Barr Blanton
Director
David G. Bannister
Director
Diana M. Murphy
Non-Executive Chair of the Board
George P. Scanlon
Director
Homaira Akbari
Director
James L. Liang
Director
Melanie Housey Hart
Director
Teresa L. White
Director
Research analysts who have asked questions during LANDSTAR SYSTEM earnings calls.
Scott Group
Wolfe Research
6 questions for LSTR
Jonathan Chappell
Evercore ISI
5 questions for LSTR
Brian Ossenbeck
JPMorgan Chase & Co.
3 questions for LSTR
Daniel Imbro
Stephens Inc.
3 questions for LSTR
Elliot Alper
TD Cowen
3 questions for LSTR
Stephanie Moore
Jefferies
3 questions for LSTR
Brandon Oglenski
Barclays
2 questions for LSTR
Jason Seidl
TD Cowen
2 questions for LSTR
J. Bruce Chan
Stifel
2 questions for LSTR
Jizong Chan
Stifel
2 questions for LSTR
Jordan Alliger
Goldman Sachs
2 questions for LSTR
Reed Seay
Stephens Inc.
2 questions for LSTR
Andrew Baxter Cox
Stifel, Nicolaus & Company, Incorporated
1 question for LSTR
Bascome Majors
Susquehanna Financial Group
1 question for LSTR
David Hicks
Raymond James
1 question for LSTR
David Zazula
Barclays
1 question for LSTR
Madison
Morgan Stanley
1 question for LSTR
Paul Stauder
Goldman Sachs
1 question for LSTR
Peter Sullivan
Jefferies
1 question for LSTR
Ravi Shanker
Morgan Stanley
1 question for LSTR
Thomas Wadewitz
UBS
1 question for LSTR
Recent press releases and 8-K filings for LSTR.
- Landstar reported Q3 2025 revenue of $1,205.4 million, a 0.7% decrease compared to Q3 2024.
- GAAP operating income for Q3 2025 was $26.3 million, down 58.3% year-over-year. Adjusted operating income, which excludes non-cash impairment charges, was $56.4 million, representing a 10.6% decrease from Q3 2024.
- GAAP earnings per share (EPS) for Q3 2025 were $0.56, a 60.3% decline from Q3 2024. Adjusted EPS, excluding non-cash impairment charges, was $1.22, down 13.5%.
- Year-to-date Q3 2025, the company generated $152.2 million in cash flow from operations and $144.5 million in free cash flow. Landstar returned capital to stockholders through $143.2 million in share repurchases and $111.1 million in dividends paid.
- The company highlighted strong performance in services hauled by unsided/platform equipment and reported sequential growth in BCO truck count, marking the best performance since Q1 2022.
- Landstar System Incorporated (LSTR) reported Q3 2025 revenue decreased approximately 1% year over year, but increased approximately 1% when adjusted for the planned sale of Landstar Metro and a prior agent fraud matter.
- Q3 2025 financial results included $30.1 million in discrete, non-cash, non-recurring charges, or $0.66 per basic and diluted share, primarily due to the decision to actively market Landstar Metro for sale.
- The heavy haul service offering posted a strong quarter with revenue increasing 17% year over year to approximately $147 million in Q3 2025.
- The number of trucks provided by BCO independent contractors saw its first sequential growth since Q1 2022 in Q3 2025, increasing by seven trucks, despite a 5% year-over-year decrease in BCO truck count.
- For Q4 2025, October truck volumes were approximately 3% below October 2024, and revenue per load was approximately equal to 2024, both trending below normal seasonality.
- Landstar System Incorporated reported Q3 2025 GAAP EPS of $0.56 and adjusted EPS of $1.22, after accounting for $30.1 million in non-cash, non-recurring impairment charges.
- Overall company revenue decreased 1% year over year; however, excluding the revenue contribution from Landstar Metro and a prior agent fraud matter, total revenue increased approximately 1% year over year.
- The company experienced strong performance in its unsighted platform equipment business, with heavy haul revenue increasing 17% year over year to $147 million in Q3 2025.
- Despite challenging freight conditions, the number of BCO independent contractors increased sequentially in Q3 2025 for the first time since Q1 2022, and the trailing 12-month truck turnover rate dropped to 31.5%.
- Landstar continued its capital allocation strategy, deploying approximately $143 million for share repurchases and declaring a $0.40 dividend during the first nine months of 2025.
- Landstar reported Q3 2025 GAAP EPS of $0.56, with adjusted EPS of $1.22 after excluding $30.1 million or $0.66 per share in non-cash impairment charges.
- The freight environment remained challenging in Q3 2025, characterized by soft demand and market conditions favoring shippers, though truck revenue per load and loads hauled were essentially equal to Q3 2024.
- The company continued its capital allocation strategy, deploying approximately $143 million toward share buybacks for 995,000 shares in the first nine months of 2025, and declared a $0.40 dividend.
- BCO truck count, despite a 5% year-over-year decrease, saw its first sequential increase since Q1 2022, rising by seven trucks in Q3 2025, and the trailing 12-month truck turnover rate improved to 31.5%.
- Landstar is investing in AI-enabled solutions and technology, and reported a 17% year-over-year increase in heavy haul revenue for Q3 2025.
- Landstar System, Inc. reported total revenue of $1,205 million for the 2025 third quarter, a slight decrease from $1,214 million in the prior year's third quarter.
- The company's basic and diluted earnings per share (EPS) for Q3 2025 were $0.56, significantly lower than $1.41 in Q3 2024.
- Excluding $0.66 per share in non-cash, non-recurring impairment charges, Landstar's Adjusted EPS for Q3 2025 would have been $1.22.
- Landstar returned capital to stockholders by purchasing 308,709 shares of its common stock at an aggregate cost of $40.6 million during the quarter and declared a quarterly dividend of $0.40 per share.
Quarterly earnings call transcripts for LANDSTAR SYSTEM.
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