Landstar System Reports Third Quarter Revenue of $1.512B and Earnings Per Share of $1.42
Landstar reported Q3 2026 revenue of $1.512 billion, up 25% year-over-year, with EPS of $1.42 versus $0.56 a year ago. Operating income jumped 149% to $65.5 million and truck revenue rose 29% on roughly 25% higher revenue per load, aided by a freight backdrop management describes as improving. The quarter absorbed $55.3 million of insurance and claim costs -- including $21 million of adverse reserve development -- and last year's EPS comparison was depressed by a $30.1 million impairment, so the headline growth overstates underlying momentum.
Key figures
- Eps
- 1.42
- Revenue
- 1511787000
- Revenue Yoy
- 25%
- Roic
- 18%
- Roe ttm
- 19%
- Gross profit
- 126547000
- Truck revenue
- 1407000000
- Prior year eps
- 0.56
- Buyback spend q3
- $41.4 million
- Operating income
- 65540000
- Ytd buyback spend
- $64.0 million
- Insurance claim costs
- 55300000
- Shares repurchased q3
- 232645
- Variable contribution
- 212066000
- Bco net truck additions
- 165
- Cash and short term investments
- 351000000
- Remaining buyback authorization
- 882550
AI analysis
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