---
title: "Landstar System 10-Q: Revenue $1.17B, EPS $1.16"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284630171.md"
description: "Landstar System reported Q1 revenue of $1.17B, a 2% increase year-over-year, with net income rising to $39.44M from $29.81M. Earnings per share were $1.16, up from $0.85. Revenue growth was driven by a 4% increase in revenue per load despite a 3% decline in load volume. Operational efficiency improved, with a variable contribution margin of 14.7%. The company noted a decline in insurance and claims expenses, while focusing on growth through its network of agents and capacity providers."
datetime: "2026-04-29T19:11:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284630171.md)
  - [en](https://longbridge.com/en/news/284630171.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284630171.md)
---

# Landstar System 10-Q: Revenue $1.17B, EPS $1.16

Landstar System reported quarterly revenue of $1,171.3 million and delivered diluted and basic net income per share of $1.16, with net income rising to $39.44 million from $29.81 million a year earlier. Revenue growth was driven by about a 4% increase in revenue per load despite lower load volumes, while improved claims experience and scalable SG&A supported the earnings gain. Gross profit and operating income also improved, reflecting higher variable contribution margin and operating leverage.

**Financial Highlights**

-   **Revenue**: $1,171.3 million, up $18.8 million (2%) year-over-year.
-   **Gross Profit**: $112.5 million; gross margin 9.6%.
-   **Variable Contribution**: $172.2 million (14.7% margin).
-   **Operating Income**: $53.236 million; operating income represented 47.3% of gross profit.
-   **Net Income**: $39.44 million, up from $29.806 million year-over-year.
-   **Net Income Per Share**: $1.16 basic and diluted, compared with $0.85 in the prior year.

**Business Highlights**

-   **Revenue Drivers**: Consolidated revenue rose 2% year-over-year driven by approximately 4% higher revenue per load while load volume declined about 3%.
-   **Channel Mix**: Higher share from BCO Independent Contractors (representing 41% of revenue) versus Truck Brokerage (52%), which contributed to a lower purchased transportation rate.
-   **Operational Efficiency**: Variable contribution margin improved to 14.7% from 14.0%, and operating income benefited from fixed-cost leverage as SG&A scaled.
-   **Claims & Insurance**: Insurance and claims expense declined year-over-year due to reduced adverse prior-year development; management notes continued exposure to nuclear verdict risk.
-   **Capacity & Technology**: Network includes about 980 agents and over 72,000 capacity providers supported by digital tools, with a focus on growth from Million Dollar Agents.

Original SEC Filing: LANDSTAR SYSTEM INC \[ LSTR \] - 10-Q - Apr. 29, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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