Earnings Releases·Oct 27, 2026, 4:22 PM ET

Landstar System — Third Quarter 2026 Earnings Summary

Total revenue surged 25% year-over-year to $1.512 billion, while basic and diluted EPS rose 154% to $1.42, driven by a 149% increase in operating income to $65.5 million despite elevated insurance costs.
All major business segments delivered strong growth, with truck revenue up 29% to $1.407 billion and equipment revenues increasing over 30%, while the company added 165 BCO trucks and improved DOT accident frequency by 5%.
Insurance and claim costs rose to $55.3 million, including $21.0 million in adverse actuarial adjustments and prior year development, which negatively impacted earnings but were acknowledged as industry-wide inflationary challenges.
The Board declared a quarterly dividend of $0.44 per share, and the company executed $41.4 million in share repurchases during the quarter, leaving authorization for an additional 882,550 shares.