---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-253591"
form_type: "8-K"
ticker: "LSTR"
cik: "0000853816"
company_name: "LANDSTAR SYSTEM INC"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T02:05:20.975195+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Landstar Q3 GAAP EPS $0.56 vs $1.41 YoY on $66M impairment; adjusted EPS $1.22

## Summary
- 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%.

## SEC filing metadata
- accession: 0001193125-25-253591
- form_type: 8-K
- ticker: LSTR
- cik: 0000853816
- company_name: LANDSTAR SYSTEM INC
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/853816/000119312525253591/0001193125-25-253591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/853816/000119312525253591/d29338d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-253591
- JSON: https://secwatch.observer/filing/0001193125-25-253591.json
- Plain text: https://secwatch.observer/filing/0001193125-25-253591.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.