earnings
confidence high
sentiment neutral
materiality 0.65
Landstar Q1 EPS $0.85 vs $1.32 YoY; revenue $1.153B; fraud charge $0.10; dividend raised 11% to $0.40
LANDSTAR SYSTEM INC
2025-Q1 EPS reported
$0.85
revenue$1,152,502,000
- EPS of $0.85 (GAAP) in Q1 2025, down from $1.32 in Q1 2024; adjusted EPS prior to fraud charge $0.95.
- Revenue $1.153B, slightly down 1.5% YoY from $1.171B; truck loads down 1.2%.
- Includes $4.8M pre-tax charge ($0.10 per share) for supply chain fraud in international forwarding; insurance costs elevated at 9.3% of BCO revenue.
- Board declared quarterly dividend $0.40, up 11% from $0.36; payable June 24 to holders of record June 5.
- Operating income $39.4M vs $60.0M YoY; gross profit $98M vs $114M.