Landstar System Q1 Revenue Up 2% to $1.171B, EPS Jumps 36%
Landstar System reported first-quarter revenue of $1.171B, up 2% year-over-year, and EPS of $1.16, up 36% from $0.85. Gross profit rose 14% and variable contribution increased 7%, while the company repurchased $22.6M of shares and declared a $0.40 dividend.
1. Q1 2026 Financial Results
Landstar System delivered Q1 revenue of $1.171 billion, a 2% increase versus the prior year, and EPS of $1.16, up 36% from $0.85. Gross profit climbed 14% to $112.5 million and variable contribution rose 7% to $172.2 million, driving a 35% increase in operating income to $53.2 million.
2. Operational Metrics
Truck revenue reached $1.082 billion, up 3%, with truck revenue per load rising 6% while load volumes fell 2%. Van shipments generated $603 million, unsided/platform equipment $369 million, power-only services $87 million, and rail, air and ocean cargo contributed $67 million.
3. Capital Return Initiatives
The company repurchased 150,923 common shares for $22.6 million and remains authorized to buy an additional 1,115,195 shares under its share purchase program. A quarterly dividend of $0.40 per share was declared, payable June 9, 2026 to shareholders of record on May 19, 2026.
4. Balance Sheet and Returns
Cash and short-term investments totaled $411 million at March 28, 2026. Trailing twelve-month return on average shareholders’ equity was 14%, and return on invested capital stood at 13%, underscoring a strong financial foundation.