Landstar reschedules Q1 earnings to May 13, cites supply chain fraud with ~$15M impact

LANDSTAR SYSTEM INC

Earnings release and conference call moved from April 29 to May 13, 2025; Form 12b-25 filed for 10-Q extension.
Supply chain fraud identified in international freight forwarding; limited to one independent agency, not core truckload.
Adverse financial impact capped at $15M net income (~$0.43 per share after-tax) before insurance or recoveries.
Q1 total revenue $1.153B (upper half of guidance); EPS $0.95 ex-fraud impact; cash $473M as of March 29.

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