Key Highlights

  • Consensus EPS of 1.67 compares with basic EPS of 1.44 reported for the second quarter, against 1.20 a year earlier.
  • Consensus revenue of USD 1.50 billion compares with revenue of USD 1,432,264 thousand, an increase of 18% year over year.
  • Revenue per load rose approximately 16% and the number of loads hauled rose approximately 2% from the 2025 thirteen-week period.
  • Operating income was USD 66,228 thousand against USD 56,280 thousand, and dividends declared were 0.40 per share.

Landstar System (NASDAQ:LSTR) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 1.67 on revenue of USD 1.50 billion, and the company has a market capitalization of USD 5.61 billion.

Landstar System reports two segments, transportation logistics and insurance, and its quarter ended June 27, 2026. Revenue was USD 1,432,264 thousand against USD 1,211,383 thousand, an increase of USD 220,881 thousand, or 18%.

Estimates Against the Last Reported Quarter

The EPS estimate of 1.67 is above the basic EPS of 1.44 reported for the second quarter, which compared with 1.20 a year earlier. The revenue estimate of USD 1.50 billion is above the USD 1,432,264 thousand reported.

Net income was USD 48,951 thousand against USD 41,893 thousand, and income before income taxes was USD 65,416 thousand against USD 55,582 thousand. Interest and debt expense was USD 812 thousand against USD 698 thousand.

Revenue per Load and Volume

Transportation revenue rose USD 221,078,000, or 18%. The filing attributes the increase to revenue per load that was approximately 16% higher and to a number of loads hauled that was approximately 2% higher than in the 2025 thirteen-week period.

Van equipment truckload revenue was USD 717,513 thousand against USD 591,276 thousand, and unsided and platform equipment revenue was USD 492,168 thousand against USD 400,862 thousand. Less-than-truckload revenue was USD 25,124 thousand against USD 25,313 thousand.

Other truck transportation revenue was USD 99,073 thousand against USD 100,687 thousand. The filing notes that revenue per load can be influenced by length of haul, freight type, special handling and equipment needs, fuel costs and delivery time requirements.

Operating Income Drivers and Balance Sheet

The filing ties a rise in operating income as a percentage of variable contribution to scaling fixed cost infrastructure, primarily components of selling, general and administrative costs, across a larger variable contribution base. It notes this was almost entirely offset by increased insurance and claims costs and a higher provision for incentive compensation.

At June 27, 2026, cash and cash equivalents were USD 294,350 thousand against USD 396,694 thousand at the prior year-end, and trade accounts receivable were USD 866,879 thousand against USD 670,137 thousand. Total assets were USD 1,742,535 thousand against USD 1,635,935 thousand.

For the twenty-six weeks, operating income was USD 119,464 thousand against USD 95,699 thousand. The estimates table lists a market capitalization of USD 5.61 billion.

Reinsurance premiums in the insurance segment were reported separately from transportation revenue, and the filing notes that external revenue at the insurance segment has historically been 2% or less of consolidated revenue.

Markers for the Release

EPS against 1.67 and revenue against USD 1.50 billion are the headline comparisons. Other markers are revenue per load against the 16% increase, the number of loads, insurance and claims costs and the incentive compensation provision.