Landstar System Inc. Second‑Quarter 2026 Results
Landstar System, Inc. (NASDAQ:LSTR) reported mixed second‑quarter outcomes. Adjusted earnings per share were $1.44, falling short of the analyst consensus of $1.49 by $0.05. Revenue for the quarter totaled $1.43 billion, surpassing the $1.33 billion forecast and representing an 18% year‑over‑year increase from $1.21 billion in the comparable period of the prior year.
Variable contribution rose 17% year‑over‑year to $199 million, while gross profit increased 21% to $132 million. President and CEO Frank Lonegro highlighted that the company added a net 68 BCO trucks during the quarter, marking the strongest quarterly improvement since the first quarter of 2022. He also noted that higher insurance and claims expenses, driven by unfavorable development of prior‑year claims, weighed on the results.
Truck revenue grew 19% year‑over‑year to $1.33 billion. Revenue per load increased approximately 17% compared with the prior year, and the number of loads hauled by truck rose about 2%. The board approved a quarterly dividend of $0.44 per share, payable on September 9, 2026, which reflects a 10% increase over the dividend paid in each of the prior five quarters. As of June 27, 2026, Landstar maintained cash and short‑term investments of roughly $348 million. Following the announcement, the company’s shares remained flat.