Landstar cuts Q1 2025 EPS guidance to $0.90-$0.95; flags possible fraud hit
Landstar said it now expects first-quarter 2025 earnings per share of $0.90 to $0.95, replacing its prior $1.05 to $1.25 range, due to highly elevated insurance and claims costs. It also said a supply chain fraud, still under investigation, may reduce first-quarter EPS by a further $0.35 to $0.50 before any insurance recoveries. Shareholders face a sharply lower earnings outlook for the quarter, though revenue is expected near the midpoint of prior guidance.
- Q1 2025 EPS now expected at $0.90 to $0.95, replacing the prior $1.05 to $1.25 guidance
- Q1 2025 revenue expected at or near the midpoint of the prior $1.075 billion to $1.175 billion guidance
- Possible additional EPS hit of $0.35 to $0.50 from a supply chain fraud tied to an impairment of a trade receivable on the December 28, 2024 balance sheet