LANDSTAR SYSTEM INC

Landstar System, Inc. announced it will release its second quarter 2026 financial results after market close on Tuesday, July 28, 2026. The company will host a conference call for analysts and investors at 4:30 p.m. ET on the same day to discuss these results. Details for accessing the webcast and a telephone replay were provided.

Landstar System, Inc. and its subsidiary, Landstar System Holdings, Inc., entered into a Third Amended and Restated Credit Agreement on June 30, 2026. This agreement establishes a new $300 million revolving credit facility, with an additional uncommitted $500 million accordion feature, and has a termination date of June 30, 2031. The facility is unsecured and guaranteed by most of LSHI's subsidiaries, with specific provisions for foreign subsidiaries. It includes financial covenants such as minimum interest coverage and maximum net leverage ratios.

Landstar System, Inc. commented on the U.S. Supreme Court’s recent decision regarding the Federal Aviation Administration Authorization Act’s (FAAAA) safety exception to state law negligent selection claims. The company emphasized its long-standing commitment to safe transportation through disciplined, multi-layered approaches for qualifying Business Capacity Owners (BCOs) and approving third-party carriers. Landstar believes its established practices align with federal safety expectations and position it well in the industry, while also advocating for greater federal clarity on carrier selection standards and updated financial responsibility requirements.

LANDSTAR SYSTEM INC reported a 1.6% increase in revenue to $1.17 billion for the thirteen weeks ended March 28, 2026, compared to the prior year. Net income surged by 32.3% to $39.4 million, with diluted earnings per share rising to $1.16. The company also increased its dividend to $0.40 per share and continued share repurchases.

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.

Landstar System reported strong financial results for the 2026 first quarter, with total revenue increasing 1.6% to $1.171 billion and basic and diluted earnings per share rising 36% to $1.16. The company also achieved a 14.5% increase in gross profit and a 6.7% increase in variable contribution, marking its first year-over-year increase in variable contribution since Q3 2022. Landstar continued its capital return strategy by purchasing $22.6 million of its common stock and declaring a quarterly dividend of $0.40 per share.

Landstar System, Inc. announced it will release its first quarter 2026 financial results after the market closes on Tuesday, April 28, 2026. Following the release, the company will host a conference call with analysts and investors at 4:30 p.m. ET to discuss the results. The webcast will be available on the company's investor relations website, and a telephone replay will be accessible for 48 hours after the call.