Landstar Q2 EPS $1.20, revenue $1.211B; platform equipment revenue up, BCO count stable

LANDSTAR SYSTEM INC

2025-Q2 EPS reported $2.05 revenue$2,363,885,000

Q2 EPS $1.20 (down from $1.48 YoY); revenue $1.211B (down from $1.225B).
Truck revenue per load +2.6% YoY; loads -1.5%; platform equipment revenue $401M vs $381M.
Net BCO truck count flat sequentially (best since Q2 2022); sequential truck rev per load +3.2%.
Q2 share repurchases $42.4M (300K shares); quarterly dividend $0.40 payable Sep 9.
Cash & short-term investments $426M; ROE 17%, ROIC 16%.

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