LANDSTAR SYSTEM INC (LSTR) Form 10-Q — Oct 28, 2026
Landstar delivered a strong third quarter with revenue of $1.51 billion, up 25% year over year, and net income of $48.0 million ($1.42 per share) versus $19.4 million ($0.56) a year ago. For the first 39 weeks of fiscal 2026, revenue rose 15% to $4.12 billion and EPS more than doubled to $4.02, driven by a tightening truck capacity environment and revenue per load up roughly 15-22% depending on the period. Costs are a growing watch item: insurance and claims expense rose $26.9 million on unfavorable prior-year claim development, and excess insurance premiums have climbed roughly 390% since 2020 amid nuclear-verdict risk.
Key figures
- Eps
- 4.02 (39 weeks); 1.42 (Q3)
- Revenue
- 4115342000
- Net Income
- 136434000
- Revenue Yoy
- 15% (39 weeks); Q3 revenue $1,511,787,000, up 25% YoY
- Total Assets
- 1807715000
- Cash Position
- 297321000
- Shares Outstanding
- 33708943
- Q3 net income
- 48043000
- Effective tax rate
- 25.6%
- Operating income 39wk
- 185004000
- Share repurchases 39wk
- 64003000
- Dividends per share 39wk
- 1.24
- Q3 net income prior year
- 19364000
- Total capacity providers
- 75758
- Bco independent contractors
- 7843
- Unfavorable prior year claim development
- 37317000
AI analysis
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