{"id":1014299,"date":"2026-10-27T19:04:21","date_gmt":"2026-10-27T23:04:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/landstar-system-reports-third-quarter-revenue-of-1-512b-and-earnings-per-share-of-1-42\/"},"modified":"2026-10-27T19:04:21","modified_gmt":"2026-10-27T23:04:21","slug":"landstar-system-reports-third-quarter-revenue-of-1-512b-and-earnings-per-share-of-1-42","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/landstar-system-reports-third-quarter-revenue-of-1-512b-and-earnings-per-share-of-1-42\/","title":{"rendered":"Landstar System Reports Third Quarter Revenue of $1.512B and Earnings Per Share of $1.42"},"content":{"rendered":"
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JACKSONVILLE, Fla., Oct. 27, 2026 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ: LSTR) (\u201cLandstar\u201d or the \u201cCompany\u201d) today reported its financial results for the 2026 third quarter. The Company reported total revenue of $1.512 billion in the 2026 third quarter, an increase of 25% as compared to revenue of $1.205 billion in the 2025 third quarter, and basic and diluted earnings per share (\u201cEPS\u201d) of $1.42 in the 2026 third quarter, an increase of 154% as compared to EPS of $0.56 in the 2025 third quarter. It should be noted that EPS in the 2025 third quarter was negatively impacted by non-cash impairment charges of $30.1 million, or $0.66 per share, related to the previously disclosed strategic review of operations conducted during the 2025 third quarter, and, as further described below, the 2026 third quarter EPS was negatively impacted by highly elevated insurance and claim costs. The Company also reported a 14% increase in gross profit and a 25% increase in variable contribution (defined as revenue less the cost of purchased transportation and commissions to agents) in the 2026 third quarter, as compared in each case to the 2025 third quarter.<\/p>\n

\u201cThe Landstar team of independent business owners and employees excelled in a freight transportation backdrop that continues to improve. Our network generated truck revenue of $1.407 billion, an increase of 29% compared to the 2025 third quarter, with revenue generated via van and unsided\/platform equipment each increasing over 30% compared to the 2025 third quarter,\u201d said Landstar President and Chief Executive Officer Frank Lonegro. \u201cIn addition, I was highly encouraged to see our net 165 Business Capacity Owner (BCO) truck additions during the third quarter, the strongest quarterly improvement since the third quarter of 2021. We are continuing to deliver safety, security and service for our customers, and our BCOs achieved a 5% year-over-year improvement in DOT accident frequency. Even so, we are not immune to the challenges of the insurance and claims inflation prevalent in our industry.\u201d<\/p>\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n 3Q 2026<\/strong>\n <\/td>\n\u00a0\u00a0\u00a0\u00a0 3Q 2025<\/strong><\/td>\n\n Change ($)<\/strong>\n <\/td>\n\n Change (%)<\/strong>\n <\/td>\n<\/tr>\n
Revenue<\/td>\n$<\/td>\n1,511,787<\/td>\n$<\/td>\n1,205,406<\/td>\n$<\/td>\n306,381<\/td>\n25.4<\/td>\n%<\/td>\n<\/tr>\n
Gross profit<\/td>\n$<\/td>\n126,547<\/td>\n$<\/td>\n111,060<\/td>\n$<\/td>\n15,487<\/td>\n13.9<\/td>\n%<\/td>\n<\/tr>\n
Variable contribution<\/td>\n$<\/td>\n212,066<\/td>\n$<\/td>\n170,241<\/td>\n$<\/td>\n41,825<\/td>\n24.6<\/td>\n%<\/td>\n<\/tr>\n
Operating income<\/td>\n$<\/td>\n65,540<\/td>\n$<\/td>\n26,326<\/td>\n$<\/td>\n39,214<\/td>\n149.0<\/td>\n%<\/td>\n<\/tr>\n
Basic and diluted earnings per share (\u201cEPS\u201d)<\/td>\n$<\/td>\n1.42<\/td>\n$<\/td>\n0.56<\/td>\n$<\/td>\n0.86<\/td>\n153.6<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n
\u00a0<\/td>\n(1)<\/td>\nDollars above in thousands, except per share amounts.<\/td>\n<\/tr>\n
\u00a0<\/td>\n(2)<\/td>\nPlease refer to the Consolidated Statements of Income and the Reconciliation of Gross Profit to Variable Contribution included below.<\/td>\n<\/tr>\n
\u00a0<\/td>\n(3)<\/td>\nOperating income and EPS during the 2025 third quarter were negatively impacted by $30.1 million and $0.66, respectively, as a result of non-cash impairment charges.\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Third quarter 2026 EPS reflected highly elevated insurance and claim costs of $55.3 million, an increase from $33.0 million of insurance and claim costs reported during the 2025 third quarter. The following items are reflected in insurance and claims for the 2026 third quarter:<\/p>\n