Landstar System, Inc. Q3 2025 Earnings Release

Landstar System, Inc. reported its financial results for the third quarter of 2025. The company's total revenue was $1,205 million, a slight decrease from $1,214 million in the same quarter of the previous year. Gross profit and variable contribution also decreased by approximately 1%. The company reported basic and diluted earnings per share (EPS) of $0.56, compared to $1.41 in the prior year quarter. This decline was primarily due to three non-cash, non-recurring impairment charges totaling $30.1 million, which adversely impacted EPS by $0.66. Excluding these charges, adjusted EPS would have been $1.22. Landstar continued to return capital to shareholders through stock repurchases and dividends, purchasing 308,709 shares at a cost of $40.6 million and declaring a quarterly dividend of $0.40 per share. The company highlighted strong performance in its unsided/platform equipment services and a sequential increase in BCO truck count for the first time since Q1 2022.