Quarterly ResultJul 28, 2026, 04:27 PM
Landstar Q2 Revenue $1.43B, EPS $1.44; Dividend Increased 10%
AI Summary
Landstar System, Inc. reported strong second quarter 2026 financial results, with revenue increasing 18% to $1.432 billion and diluted EPS rising 20% to $1.44. The company also announced a 10% increase in its quarterly dividend to $0.44 per share. Despite a challenging claims environment leading to increased insurance expenses, Landstar saw growth in truck volumes and revenue per load, along with net additions of 68 BCO trucks.
Key Highlights
- Q2 2026 revenue increased 18% to $1.432 billion.
- Diluted earnings per share rose 20% to $1.44.
- Gross profit grew 21% to $132.3 million.
- Variable contribution increased 17% to $199.4 million.
- Quarterly dividend declared at $0.44 per share, a 10% increase.
- Net 68 BCO truck additions in Q2 2026, strongest since 1Q 2022.
- Cash and short-term investments totaled $348 million as of June 27, 2026.
- Increased insurance and claims expense impacted Q2 results.
Price Impact
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