Quarterly ResultApr 28, 2026, 04:27 PM
LSTR Q1 Revenue $1.171B, +2%; EPS $1.16, +36%
AI Summary
Landstar System, Inc. reported improved financial results for the first quarter of fiscal 2026. Revenue increased by 2% to $1.171 billion, and diluted earnings per share rose 36% to $1.16, benefiting from a strengthening rate environment. The company also saw a 14% increase in gross profit and a 7% increase in variable contribution, marking its first year-over-year increase in variable contribution since Q3 2022. Landstar continued its capital return program, repurchasing $22.6 million in shares and declaring a $0.40 quarterly dividend.
Key Highlights
- Q1 2026 Revenue increased 2% to $1.171 billion from $1.153 billion in Q1 2025.
- Q1 2026 Diluted EPS rose 36% to $1.16 from $0.85 in Q1 2025.
- Gross profit increased 14% to $113 million in Q1 2026.
- Variable contribution increased 7% to $172 million in Q1 2026, first YoY increase since Q3 2022.
- Truck transportation revenue increased 3% to $1.082 billion in Q1 2026.
- Repurchased 150,923 shares for $22.6 million in Q1 2026.
- Declared a quarterly dividend of $0.40 per share.
- Cash and short-term investments were $411 million as of March 28, 2026.
Price Impact
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