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AI brief of an SEC Form 8-K · Landstar System (LSTR)

Landstar first-quarter EPS falls to $0.85 from $1.32; revenue down 1.6%

Negative Impact 4 of 5 earnings Written later

Landstar System reported first-quarter 2025 revenue of $1.153 billion, down from $1.171 billion a year earlier, and EPS of $0.85 versus $1.32. The company attributed the drop to a $4.8 million pre-tax charge from a supply chain fraud at its international freight forwarding operations and to insurance and claims costs of 9.3% of BCO revenue, versus a 4.9% historical average. The board also declared a quarterly dividend of $0.40 per share, an 11% increase.

Key points

  • Revenue was $1.153 billion versus $1.171 billion in the first quarter of 2024; operating income was $39.4 million versus $60.0 million.
  • The $4.8 million pre-tax fraud charge reduced EPS by $0.10; the company had previously estimated the total after-tax impact would not exceed $0.43 per share.
  • Landstar repurchased about 386,000 shares for $60.9 million and paid $83.3 million in dividends during the quarter.
  • The quarterly dividend of $0.40 per share is payable June 24, 2025, to holders of record on June 5, 2025.

The filing

CompanyLandstar System (LSTR)
Form8-K, current report
Filed with the SECMay 13, 2025, 8:42 AM ET
Accession number0001193125-25-118369

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 13, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.