Oct 27, 4:22 PM ET
Landstar System reported third-quarter 2026 revenue of $1.512 billion, up 25% from a year earlier, and earnings of $1.42 per share, up from $0.56. The prior-year figure included a $0.66 per share non-cash impairment charge, and the company said insurance and claim costs rose sharply in the quarter, to $55.3 million from $33.0 million. The company also declared a quarterly dividend of $0.44 per share.
- Revenue was $1.512 billion, up 25%, with truck revenue up 29% to $1.407 billion.
- EPS was $1.42 versus $0.56 a year earlier; the 2025 quarter included a $0.66 per share impairment charge.
- Insurance and claims costs were $55.3 million, up from $33.0 million, including about $13.0 million of adverse reserve adjustments.
- Quarterly dividend of $0.44 per share is payable December 8, 2026, to holders of record on November 17, 2026.
Read the filing on SEC.gov ↗
Jul 28, 4:22 PM ET
Landstar System reported second-quarter 2026 revenue of $1.432 billion and earnings per share of $1.44, both up from the 2025 second quarter. Higher insurance and claims expense, mainly from unfavorable development of prior years' claims, weighed on results, and the Board raised the quarterly dividend by 10%.
- Revenue of $1.432 billion rose 18.2% from $1.211 billion; EPS of $1.44 rose 20.0% from $1.20.
- Insurance and claims expense was $39.4 million in the second quarter, up from $30.4 million a year earlier.
- Quarterly dividend raised to $0.44 per share from $0.40, payable September 9, 2026 to holders of record on August 18, 2026.
- No shares were repurchased in the second quarter; $22.6 million was spent on buybacks in the first half of 2026, leaving 1,115,195 shares authorized.
Read the filing on SEC.gov ↗
Jul 6, 4:42 PM ET
On June 30, 2026, Landstar System and its subsidiary Landstar System Holdings entered into a Third Amended and Restated Credit Agreement with JPMorgan Chase Bank as administrative agent. The revolving credit facility is set at an initial $300 million, with a termination date of June 30, 2031, and no borrowings were outstanding under the agreement as of that date. The filing also sets covenant limits on additional debt and leases, and minimum interest coverage and maximum net leverage ratios tested each fiscal quarter.
- Revolving credit facility with an initial aggregate principal amount of $300 million
- Uncommitted accordion feature permits up to an additional $500 million in increases
- Facility termination date set at June 30, 2031; no outstanding borrowings as of June 30, 2026
- Event of default if a person or group acquires 35% or more of outstanding capital stock
Read the filing on SEC.gov ↗
Apr 28, 4:22 PM ET
Landstar System reported first-quarter 2026 revenue of $1.171 billion, up 2% from $1.153 billion a year earlier, and earnings per share of $1.16, up 36% from $0.85. The company said the prior-year quarter was reduced by about $0.10 per share from a supply chain fraud matter it had previously disclosed. For shareholders, the filing also shows continued capital return through $22.6 million of share repurchases and a declared quarterly dividend of $0.40 per share.
- Revenue was $1.171 billion, up 1.6% from $1.153 billion; gross profit rose 14.5% to $112.5 million.
- Net income was $39.4 million, or $1.16 per share, compared with $29.8 million, or $0.85 per share, in the first quarter of 2025.
- Landstar repurchased 150,923 shares for $22.6 million in the quarter and declared a $0.40 quarterly dividend payable June 9, 2026.
- The slide presentation said April 2026 truck revenue per load was about 13% above April 2025, while truck loads were approximately equal year over year.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
