earnings
confidence high
sentiment negative
materiality 0.75
Landstar Q3 GAAP EPS $0.56 vs $1.41 YoY on $66M impairment; adjusted EPS $1.22
LANDSTAR SYSTEM INC
2025-Q3 EPS reported
$2.61
revenue$3,569,291,000
- Revenue $1,205M vs $1,214M YoY; truck revenue per load and loads flat.
- GAAP EPS $0.56 includes $0.66/share non-cash impairment: Mexico unit ($16.1M), TMS wind-down ($9M), tech startup ($5M).
- Adjusted EPS $1.22; BCO truck count grew sequentially for first time since Q1 2022.
- Dividend $0.40/share payable Dec 9 to holders of record Nov 18; Q3 share buybacks $40.6M.
- Cash and short-term investments $434M; trailing ROE 15%, ROIC 13%.