| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.2K | 1.6% |
| Total Income | 1.2K | 1.6% |
| Expenditure | 1.1K | 0.4% |
| PBT | 52.72 | 33.2% |
| Net Profit | 39.44 | 32.3% |
| OPM | 4.54% | 1.13pp |
| NPM | 3.37% | 0.78pp |
| EPS | 1.16 | 36.5% |
Landstar Reports Q1 FY26 Revenue of $1.171B and EPS of $1.16
29 Apr 2026 · 29 Apr, 1:58 am
Summary
Landstar System, Inc. reported improved financial results for the first quarter of fiscal 2026, with total revenue reaching $1.171 billion, a 1.6% increase year-over-year. The company's basic and diluted earnings per share saw a significant 36.5% jump to $1.16, compared to $0.85 in the prior year, which was unfavorably impacted by a supply chain fraud matter. Gross profit increased by 14.5% to $112.542 million and variable contribution rose by 6.7% to $172.151 million, reflecting a strengthening rate environment. Management expressed satisfaction with the variable contribution performance, marking the first year-over-year increase since Q3 2022, and highlighted continued capital returns to stockholders through share repurchases and dividends.
Key Highlights
- 1
Total revenue for the first quarter of 2026 increased by 1.6% to $1.171 billion, compared to $1.153 billion in the first quarter of 2025.
- 2
Basic and diluted earnings per share (EPS) surged by 36.5% to $1.16 in Q1 2026, up from $0.85 per share in the prior year's first quarter.
- 3
Gross profit for Q1 2026 rose by 14.5% to $112.542 million, while variable contribution increased by 6.7% to $172.151 million.
- 4
Operating income saw a substantial increase of 35.1% to $53.236 million in the first quarter of 2026.
- 5
Truck revenue grew by 3% to $1,082 million in Q1 2026, with truck revenue per load increasing approximately 6% year-over-year.
- 6
Landstar returned capital to stockholders by repurchasing 150,923 shares for an aggregate cost of $22.6 million and declared a quarterly dividend of $0.40 per share.
- 7
The company maintained a strong balance sheet with approximately $411 million in cash and short-term investments as of March 28, 2026.
Management Comments
Frank Lonegro
The Landstar team of independent business owners and employees executed well in a dynamic transportation backdrop, with our network generating higher truck transportation revenues and increased BCO utilization year-over-year. I was particularly pleased with our variable contribution performance which reflected Landstar’s first year-over-year increase in variable contribution since the third quarter of 2022. We were encouraged by our improved first quarter results, attributable to a strengthening rate environment and the Company’s unwavering commitment to safety, security and service.
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