Landstar System ( (LSTR) ) has released a notification of late filing.
Landstar System, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 29, 2025. The delay is primarily due to an identified supply chain fraud that affects its international freight forwarding operations and not its core North American truckload services. The company is currently evaluating certain accounting and internal control matters related to this issue. Landstar expects to file the delayed report by May 13, 2025, which is within the extension period. The company anticipates a financial impact of up to $15 million in net income, or approximately $0.43 per share, due to the fraud. Landstar is committed to resolving these issues and maintaining compliance, as indicated by the signature of James P. Todd, Vice President, Chief Financial Officer, and Assistant Secretary.
Spark’s Take on LSTR Stock
According to Spark, TipRanks’ AI Analyst, LSTR is a Neutral.
Landstar System’s overall stock score reflects stable financial health and revenue growth in specific segments against the backdrop of declining core service demand and technical weakness. The company’s strong cash flow and balance sheet are significant strengths, while valuation concerns and bearish technical indicators weigh on the stock.
To see Spark’s full report on LSTR stock, click here.
More about Landstar System
YTD Price Performance: -17.43%
Average Trading Volume: 362,296
Technical Sentiment Signal: Buy
Current Market Cap: $4.89B
See more data about LSTR stock on TipRanks’ Stock Analysis page.