Landstar Earnings Reports

Landstar System, Inc. reported a challenging third quarter in 2025 with total revenue of $1,205 million, a slight decrease from the previous year. Basic and diluted EPS significantly dropped to $0.56, primarily due to $0.66 per share in non-cash, non-recurring impairment charges. Excluding these charges, adjusted EPS would have been $1.22. Despite the economic headwinds, the company saw strong performance in unsided/platform equipment services and achieved sequential growth in BCO truck count.

Landstar’s Q2 2025 results showed a modest revenue decrease year-over-year. Net income and operating income also fell, while the company saw improvement in revenue per load and stability in BCO truck count.

Landstar System posted weaker Q1 2025 results due to an unexpected $4.8 million pre-tax charge related to supply chain fraud, though truckload volume outpaced Q4 for the first time in 15 years.

Landstar System, Inc. reported Q4 2024 revenue of $1.209 billion and EPS of $1.31. The company saw year-over-year quarterly revenue growth for the first time since Q3 2022, driven by increased truck pricing and strong performance in unsided/platform services.

Landstar System reported Q3 2024 revenue of $1.214 billion and EPS of $1.41. The freight environment remained challenging, but the company saw a sequential increase in truck revenue per load. Landstar continues to return capital to stockholders through stock purchases and dividends.

Landstar System reported Q2 2024 revenue of $1.225 billion and EPS of $1.48. The company saw a sequential increase in revenue for the first time since Q2 2022. Landstar continues to return capital to stockholders, purchasing approximately 316,000 shares for $57.0 million during the quarter and increasing the quarterly dividend by 9% to $0.36 per share.

Landstar System reported a decrease in revenue and earnings per share for Q1 2024. Revenue was $1.171 billion, and EPS was $1.32. The company highlighted its strong balance sheet and focus on strategic growth initiatives despite a challenging freight environment.

Landstar System reported Q4 2023 revenue of $1.204 billion and EPS of $1.62, compared to revenue of $1.675 billion and EPS of $2.60 in Q4 2022. The results reflect a challenging freight environment and an additional operating week in the prior year.

Landstar System reported a decrease in revenue to $1.289 billion and earnings per share to $1.71 for Q3 2023, compared to $1.816 billion in revenue and $2.76 EPS in Q3 2022. The results reflect a challenging freight market with lackluster demand and a loose truck capacity market.

Landstar System reported a decrease in revenue to $1.374 billion and diluted earnings per share (DEPS) of $1.85 for the second quarter of 2023, compared to $1.975 billion in revenue and $3.05 DEPS in the same quarter of the previous year. The results reflect a softened domestic freight environment and difficult year-over-year comparisons following a record-setting 2022.

Landstar System reported a decrease in revenue and diluted earnings per share for the first quarter of 2023 compared to the same period in 2022. Revenue decreased to $1.436 billion from $1.971 billion, and diluted earnings per share decreased to $2.17 from $3.34. The company noted that revenue generated via unsided/platform equipment held up better than van equipment and other truck transportation services.

Landstar System reported a decrease in revenue to $1.675 billion and diluted earnings per share (DEPS) of $2.60 for Q4 2022, compared to $1.945 billion in revenue and $2.99 DEPS in Q4 2021. The results reflect softer demand and readily available truck capacity, leading to lower truck rates and volumes. However, the company's fiscal year financial performance in 2022 was the best in its history.

Landstar System, Inc. reported a 5% increase in revenue to $1.816 billion and a 7% increase in diluted earnings per share to $2.76 in Q3 2022, both establishing new all-time third quarter records. Gross profit was $185.7 million, slightly below the previous year, while variable contribution reached a record $245.7 million.

Landstar System reported a record second quarter with revenue reaching $1.975 billion, a 26% increase year-over-year. Net income increased by 22% to $112.6 million, and diluted earnings per share rose by 27% to $3.05, both establishing new all-time second quarter records.

Landstar System, Inc. reported record quarterly revenue of $1.971 billion, a 53% increase year-over-year, with net income of $124.8 million, up 62% year-over-year, and diluted earnings per share of $3.34, a 66% increase year-over-year. The company's revenue, net income, and DEPS were the highest amounts achieved in any quarter in Landstar history.

Landstar System, Inc. reported record quarterly revenue of $1.945 billion, a 50 percent increase over Q4 2020. Net income was $113.3 million, with diluted earnings per share of $2.99, compared to $65.1 million and $1.70 respectively in Q4 2020. Operating income also reached a record of $148.7 million.

Landstar System reported record quarterly revenue of $1.734 billion, a 60% increase compared to Q3 2020. Net income reached a record $98.7 million, with diluted earnings per share of $2.58. Operating income also hit a record of $131.4 million, up 60% from the previous year.

Landstar System, Inc. reported all-time quarterly record net income of $92.3 million, or $2.40 per diluted share, in the second quarter of 2021, on record quarterly revenue of $1.571 billion. Gross profit also reached an all-time quarterly record of $220.8 million.

Landstar System reported record first-quarter results, with revenue reaching $1.288 billion and diluted earnings per share at $2.01. This represents a 39% increase in revenue, an 89% increase in net income, and a 93% increase in diluted earnings per share compared to the first quarter of 2020. The company's performance was driven by strong demand in the truckload sector, particularly in van and unsided/platform equipment.

Landstar System reported record-breaking Q4 2020 results, with revenue reaching $1.296 billion and diluted earnings per share at $1.70. Gross profit also reached an all-time quarterly high. The company experienced strong demand, especially in truckload van equipment, and successfully navigated challenges posed by the COVID-19 pandemic.

Landstar System reported a 7% increase in revenue to $1.086 billion and a 19% increase in diluted earnings per share to $1.61 compared to Q3 2019. The company benefited from sequential increases in truck load volumes and revenue per load, particularly for van equipment.

Landstar System, Inc. reported a decrease in revenue to $824 million and diluted earnings per share of $0.63 for the second quarter of 2020, compared to $1.045 billion and $1.53, respectively, for the same period in 2019. The results were impacted by the COVID-19 pandemic and included $12.6 million in pandemic relief incentive payments to BCOs and agents, a $2.6 million charge for asset impairment in Mexico, and $2.3 million in higher insurance premiums.

Landstar System reported a decrease in revenue to $927.6 million and diluted earnings per share to $1.04 for Q1 2020, compared to $1.033 billion in revenue and $1.58 earnings per share in Q1 2019. The results were impacted by the COVID-19 pandemic in the final week of the quarter, which significantly reduced dispatched truck load volume.

Landstar System reported a decrease in revenue and diluted earnings per share for Q4 2019 compared to Q4 2018. Revenue was $994.9 million, and diluted earnings per share was $1.27. The shortfall in diluted earnings per share was attributed to higher than anticipated insurance and claims costs.