Landstar System Q3 GAAP EPS falls to $0.56 from $1.41 on $1.2 billion revenue
Landstar System reported third-quarter 2025 revenue of $1,205 million, down from $1,214 million a year earlier, and GAAP earnings per share of $0.56, down from $1.41. The results include $0.66 per share of non-cash impairment charges; excluding them, adjusted EPS was $1.22, still below the prior-year $1.41.
Key points
- Q3 2025 revenue was $1,205 million versus $1,214 million in Q3 2024; operating income was $26.3 million versus $63.1 million.
- Three non-cash impairment charges cut EPS by $0.66, including $16.1 million tied to the planned sale of its Mexican subsidiary Landstar Metro.
- Adjusted EPS was $1.22 versus $1.41 a year earlier, a decline of 13.5%.
- The Board declared a quarterly dividend of $0.40 per share, payable December 9, 2025, to holders of record on November 18, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits 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 October 28, 2025.
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.