The earnings call presents a mixed view. While there are significant achievements in heavy haul revenue growth and truck revenue performance, there are notable concerns about overall revenue decline, increased insurance costs, and challenges in certain commodity and cross-border markets. The sentiment is balanced with both positive and negative aspects.

Company Guidance -

Q3 2025

During Landstar System, Inc.'s second quarter earnings call for fiscal year 2025, the company provided insights into its performance and guidance amidst a challenging freight environment. The company reported a 1% year-over-year decline in overall revenue, but highlighted a positive year-over-year increase in truck revenue for the first time since the third quarter of 2022. Heavy haul services were a significant bright spot, generating $138 million in revenue, marking a 9% increase over the previous year, driven by a 5% increase in revenue per load and a 4% increase in volume. The balance sheet remained robust, with $426 million in cash and short-term investments, and the company executed $103 million in stock buybacks in the first half of 2025. CEO Frank Lonegro noted that despite a relatively soft demand environment, the company achieved a truck revenue per load increase of 2.6% compared to the second quarter of 2024. Additionally, the BCO truck count was effectively flat quarter-over-quarter, marking the best performance in 12 quarters, as Landstar continues to navigate an uncertain political and economic landscape.

Heavy Haul Service Revenue Growth

Heavy haul revenue increased by 9% year-over-year in the 2025 second quarter, driven by a 5% increase in heavy haul revenue per load and a 4% increase in heavy haul volume.

Strong Sequential Truck Revenue Performance

Truck revenue per load increased 2.6% year-over-year and 3.2% from the first quarter of 2025, outperforming typical pre-pandemic seasonality.

Share Buybacks and Capital Allocation

Landstar deployed approximately $103 million towards buybacks and repurchased approximately 686,000 shares of common stock in the first half of 2025.

BCO Turnover Rate Improvement

The trailing 12-month BCO truck turnover rate dropped from 34.5% at the end of 2024 to 31.9% at the end of the 2025 second quarter.

Safety Performance

Accident frequency rate of 0.67 DOT reportable accidents per million miles in the first half of 2025, below the national average and close to Landstar's 5-year average of 0.61.

Landstar System (LSTR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LSTR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	1.26 / -	1.41	―	―	―
Jul 29, 2025	2025 (Q2)	1.18 / 1.20	1.48	-18.92% (-0.28)
May 13, 2025	2025 (Q1)	0.93 / 0.95	1.32	-28.03% (-0.37)
Jan 29, 2025	2024 (Q4)	1.34 / 1.31	1.62	-19.14% (-0.31)
Oct 29, 2024	2024 (Q3)	1.45 / 1.41	1.71	-17.54% (-0.30)
Jul 30, 2024	2024 (Q2)	1.45 / 1.48	1.85	-20.00% (-0.37)
Apr 24, 2024	2024 (Q1)	1.28 / 1.32	2.17	-39.17% (-0.85)
Jan 31, 2024	2023 (Q4)	1.62 / 1.62	2.6	-37.69% (-0.98)
Oct 25, 2023	2023 (Q3)	1.71 / 1.71	2.76	-38.04% (-1.05)
Jul 26, 2023	2023 (Q2)	1.81 / 1.85	3.05	-39.34% (-1.20)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LSTR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$137.92	$133.37	-3.30%
May 13, 2025	$143.40	$139.81	-2.50%
Jan 29, 2025	$172.05	$166.10	-3.46%
Oct 29, 2024	$177.19	$173.76	-1.94%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Landstar System (LSTR) report earnings?

Landstar System (LSTR) is schdueled to report earning on Oct 28, 2025, After Close (Confirmed).

What is Landstar System (LSTR) earnings time?

Landstar System (LSTR) earnings time is at Oct 28, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LSTR EPS forecast?

LSTR EPS forecast for the fiscal quarter 2025 (Q3) is 1.26.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing