Highest-materiality recent filing
Landstar Q2 revenue $1.432B (+18% YoY), EPS $1.44 (+20% YoY); dividend raised 10% to $0.44
Q2 revenue $1.432B (+18% YoY); diluted EPS $1.44 (+20% YoY).
William Clement named Chief Commercial Officer effective Aug 1, 2026; previously Group President at CRST, 30+ years in transportation.
Landstar enters $300M revolving credit facility maturing 2031, replacing prior agreement
$300M revolving credit facility with uncommitted accordion feature for up to $500M additional.
All nine director nominees elected with >91% 'for' votes; Diana M. Murphy received lowest support at 28.7M for, 1.6M against.
Landstar System Q1 2026 revenue $1.171B, EPS $1.16 up 36% YoY; declares $0.40 dividend
Q1 2026 revenue $1.171B, up 1.6% vs $1.153B in Q1 2025
Landstar GC Kneller to resign May 8; Dugas named interim GC
Michael K. Kneller, VP, General Counsel and Secretary since 2005, to resign May 8, 2026 to join law firm Scopelitis, Garvin, Light, Hanson & Feary, P.C.
Landstar Q4 EPS $0.70 vs $1.31 YoY; elevated insurance claims weigh on results
Revenue $1,174M (-3% YoY); EPS $0.70 vs $1.31 prior year.
Landstar prelim Q4 revenue $1,174M, EPS $0.70 vs $1.31; insurance costs surge
Total revenue $1,174M (down 3% YoY); basic/diluted EPS $0.70 vs $1.31 in Q4 2024.
Landstar declares $2.00 special dividend payable Jan 21, 2026
Special cash dividend of $2.00 per share declared on December 3, 2025.
Landstar elects two new independent directors; board expands to ten
Barr Blanton and Melanie Housey Hart elected to Landstar board effective Oct 31, 2025; terms expire at 2026 annual meeting.
Landstar Q3 GAAP EPS $0.56 vs $1.41 YoY on $66M impairment; adjusted EPS $1.22
Revenue $1,205M vs $1,214M YoY; truck revenue per load and loads flat.
Landstar System provides update on strategic review, impairments, and Texas litigation verdict
Strategic review leads to plan to sell Mexican subsidiary Landstar Metro; expects Q3 non-cash impairment of $13M-$17M ($0.28-$0.37/share).
Landstar Q2 EPS $1.20, revenue $1.211B; platform equipment revenue up, BCO count stable
Q2 EPS $1.20 (down from $1.48 YoY); revenue $1.211B (down from $1.225B).
Landstar shareholders reject say-on-pay at 2025 annual meeting; all directors elected
Advisory vote on 2024 executive compensation failed: 15.2M for vs 17.0M against (52.8% opposed).
EPS of $0.85 (GAAP) in Q1 2025, down from $1.32 in Q1 2024; adjusted EPS prior to fraud charge $0.95.
Landstar reschedules Q1 earnings to May 13, cites supply chain fraud with ~$15M impact
Earnings release and conference call moved from April 29 to May 13, 2025; Form 12b-25 filed for 10-Q extension.
Landstar reduces Q1 EPS view to $0.90-$0.95, discloses supply chain fraud
New Q1 EPS guidance $0.90-$0.95 vs prior $1.05-$1.25 due to elevated insurance/claims costs.
Landstar Q4 EPS falls to $1.31 from $1.62; revenue $1.209B up 0.4% YoY
Q4 2024 EPS of $1.31, down from $1.62 in Q4 2023; net income declined as insurance costs spiked.
Landstar declares special cash dividend of $2.00 per share payable Jan 21, 2025
Special cash dividend of $2.00 per share on common stock declared by Board.
Landstar appoints Joseph Beacom as subsidiary President; Miller promoted to Chief Safety Officer
Joseph Beacom named President of Landstar System Holdings, Inc. effective Dec 1, 2024.
Landstar Q3 revenue falls 5.8% to $1.214B; EPS $1.41 vs $1.71
Revenue $1.214B, down 5.9% YoY; EPS $1.41 vs $1.71 (down 17.5%).
Landstar Q2 revenue falls 11% YoY to $1.225B; EPS down to $1.48; dividend raised 9%
Revenue $1.225B vs $1.374B YoY (-11%); EPS $1.48 vs $1.85 YoY (-20%).
Landstar annual meeting elects all six director nominees and approves KPMG and say-on-pay
All six director nominees elected: Bannister (31.3M for), Liang (32.4M), Lonegro (32.1M), Orlando (32.4M), Scanlon (32.4M), White (32.4M).
Landstar Q1 revenue $1.17B (-18% YoY), EPS $1.32 (-39% YoY), dividend $0.33
Revenue $1,171M, down from $1,436M YoY; EPS $1.32, down from $2.17 YoY.
Landstar Q4 2023 EPS $1.62 on revenue $1.204B; Q1 guidance points to further declines
Q4 2023 EPS $1.62 vs $2.60 in prior-year 14-week quarter; revenue $1.204B vs $1.675B.
Landstar CEO Gattoni to retire Feb 2, 2024; Frank Lonegro named new CEO
James Gattoni resigns as CEO and board member effective Feb 2, 2024 after 28 years; will serve as special advisor to new CEO until July 1, 2024.
Landstar declares $2.00 special dividend and expands share repurchase authorization
Board authorized purchase of up to 319,332 additional shares; aggregate authorization now 3,000,000 shares.
Landstar Q3 revenue $1.289B, EPS $1.71, down sharply YoY; Q4 guidance weak
Q3 2023 revenue of $1.289B vs $1.816B in Q3 2022; EPS of $1.71 vs $2.76.
Landstar Q2 revenue $1.374B, EPS $1.85; guides Q3 EPS $1.65-1.75
DEPS $1.85 vs $3.05 YoY; revenue $1.374B vs $1.975B, down 30%.
Landstar cuts Q2 2023 guidance: revenue $1.325B-$1.375B (below prior), EPS $1.75-$1.85
Revenue expected $1.325B-$1.375B vs prior $1.40B-$1.45B; midpoint $75M (5.3%) below prior midpoint.
Landstar stockholders approve board declassification; annual director elections by 2025
Declassification approved with 32.8M votes for, 4.7K against; effective immediately.
Landstar Q1 revenue $1.44B, EPS $2.17 vs $3.34 YoY; guides Q2 EPS $1.90-$2.00
Revenue $1.436B, down 27% YoY; DEPS $2.17, down 35% YoY.
Landstar CCO Robert Brasher steps down, becomes Special Advisor to CEO through June 2024
Robert Brasher resigns as VP and Chief Commercial Officer effective Feb 27, 2023.
Landstar Q4 revenue $1.675B, DEPS $2.60; full-year records but Q4 down YoY; Q1 2023 guidance weak
Q4 2022 DEPS $2.60 vs $2.99 in 2021; revenue $1.675B vs $1.945B; extra week contributed ~$65M revenue.
Landstar authorizes additional 1.9M share repurchase and $2.00 special dividend
Board authorized repurchase of up to 1,900,826 additional shares, bringing total authorization to 3,000,000 shares.
Landstar reports Q3 record revenue $1.816B and DEPS $2.76; Q4 guidance cautious
Revenue $1.816B (+5% YoY) and DEPS $2.76 (+7% YoY), both all-time Q3 records.
Landstar Q2 record revenue $1.975B, EPS $3.05; dividend raised 20% to $0.30
Revenue $1.975B (+26% YoY), net income $112.6M (+22%), DEPS $3.05 (+27%).
Landstar amends credit agreement: facility increased to $300M, maturity extended to July 2027
Facility increased from $250M to $300M, with accordion feature up to $600M.
Landstar CFO Fred Pensotti to depart July 1, 2022; James Todd promoted to CFO
Fred Pensotti will step down as VP and CFO effective July 1, 2022, to pursue another opportunity.
Landstar announces annual meeting voting results; all proposals approved
Elected Teresa L. White (Class I), Homaira Akbari & Diana M. Murphy (Class II), James L. Liang (Class III) as directors.
Landstar reports record Q1 revenue $1.97B, EPS $3.34; guides Q2 rev $2.0-2.05B
Record Q1 revenue $1.971B (+53% YoY); net income $124.8M (+62%); diluted EPS $3.34 (+66%).
Landstar raises Q1 2022 guidance; expects revenue $1.955-1.975B, EPS $3.30-3.35
Revenue guidance raised to $1.955-1.975B from $1.70-1.75B (12-13% above prior high end).
Landstar elects Teresa L. White and James L. Liang to board
Board expanded to nine members; White and Liang elected as Class I and Class III directors, effective March 1, 2022.
Two largest independent agencies, generating 13% of 2021 revenue ($860M), have operations disrupted by Russian invasion of Ukraine.
Landstar Q4 revenue $1.945B (+50% YoY), DEPS $2.99 vs guidance $2.83-$2.93
Q4 2021 revenue $1.945B (record), net income $113.3M, diluted EPS $2.99 (record); beat upwardly revised guidance.
Landstar board authorizes additional share repurchase and declares $2.00 special dividend
Authorized repurchase of up to 1,912,824 additional shares; total authorization now 3,000,000 shares as of Dec 7, 2021.
Landstar raises Q4 2021 guidance: revenue $1.85-1.90B, EPS $2.83-2.93
Q4 revenue forecast $1.85B-$1.90B, midpoint 8.7% above prior guidance of $1.70B-$1.75B.
Landstar Q3 EPS $2.58 (record), revenue $1.734B, up 60% YoY; guides Q4 EPS $2.55-2.65
Record diluted EPS of $2.58 (vs. $1.61 YoY, up 60%); net income $98.7M.
Landstar raises Q3 2021 revenue and EPS guidance above prior ranges
Q3 revenue guidance raised to $1.68B-$1.72B, midpoint up $125M (7.9%) from prior $1.55B-$1.60B.
Landstar Q2 2021: record revenue $1.571B, diluted EPS $2.40, dividend +19%
Revenue $1.571B (prior $824M); net income $92.3M vs $24.3M; diluted EPS $2.40.
Also on November 15, 2024, the Company announced the promotion of Matthew Miller to Vice President and Chief Safety and Operations Officer of the Company, succeeding Mr. Beacom in that role, effective December 1, 2024.
On November 15, 2024, Landstar System, Inc. (“Landstar” or the “Company”) announced the appointment of Joseph J. Beacom as President of the Company’s subsidiary, Landstar System Holdings, Inc., and each of its agent-based transportation services companies, effective December 1, 2024.
Mr. Gattoni will serve as a special advisor to the new Chief Executive Officer
James (“Jim”) B. Gattoni will resign from his position as President and Chief Executive Officer and a member of the Company’s board of directors, effective February 2, 2024, to retire after a 28 year career with Landstar.
Frank A. Lonegro would join the Company as President and Chief Executive Officer and a member of the Company’s board of directors, effective February 2, 2024.
On February 27, 2023, the Company announced that Robert S. Brasher, Vice President and Chief Commercial Officer of the Company, will step down from his current position effective immediately, to serve as Special Advisor to the Chief Executive Officer of the Company until the anticipated end of his employment with the Company in June 2024.
Also on June 1, 2022, the Company announced the promotion of James P. Todd to Vice President and Chief Financial Officer of the Company, effective July 1, 2022.
On June 1, 2022, Landstar System, Inc. (“Landstar” or the “Company”) announced that Federico (“Fred”) L. Pensotti will depart from the Company as Vice President and Chief Financial Officer, effective July 1, 2022, to pursue another professional opportunity.
On February 28, 2022, the Board of Directors (the “Board”) of Landstar System, Inc. (the “Company”) elected Teresa L. White as a Class I Director and James L. Liang as a Class III Director, effective as of March 1, 2022.
On February 28, 2022, the Board of Directors (the “Board”) of Landstar System, Inc. (the “Company”) elected Teresa L. White as a Class I Director and James L. Liang as a Class III Director, effective as of March 1, 2022.
Max materiality 0.90 · Median 0.75 · Most common event earnings