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Landstar Q2 Earnings & Revenues Surpass Estimates, Down Y/Y
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Key Takeaways
Landstar posted Q2 EPS of $1.20, beating estimates but dropping 18.9% year over year on weaker profitability.
Truck revenue per load rose 2.6% as unsided platform and van equipment pricing improved.
Total revenue fell 1.1% to $1.21B, with air, ocean, and other segments posting double-digit declines.
Landstar System, Inc. (LSTR - Free Report) ) second-quarter 2025 earnings per share (EPS) of $1.20 beat the Zacks Consensus Estimate of $1.16 but fell 18.9% year over year. Revenues of $1.21 billion marginally surpassed the Zacks Consensus Estimate of $1.20 billion but declined 1.1% year over year.
Landstar's revenue performance in the second quarter witnessed truck revenue per load improving by 2.6% year over year, partially offset by a 1.5% decrease in the number of loads hauled via truck over the same period.
The 2.6% uptick in truck revenue per load was owing to a 3.2% increase in revenue per load on loads hauled by unsided platform equipment and by a 1.2% increase in revenue per load on loads hauled via van equipment.
Operating income fell 17.3% from the prior-year quarter’s figure to $56.28 million. Total costs and expenses (on a reported basis) declined marginally by 0.1% to $1.15 billion.
Landstar System, Inc. Price, Consensus and EPS Surprise
Total revenues in the truck transportation segment — contributing to 89.8% of the top line — amounted to $1.11 billion, up 1.1% from the year-ago quarter’s figure. The reported figure was above our expectations of $1.09 billion.
Rail intermodal revenues of $22.02 million fell 1.3% from the figure recorded in second-quarter 2024. The reported figure was above our expectations of $21.7 million.
Revenues in the ocean and air-cargo carrier segments fell 28.7% year over year to $50.78 million. The reported figure was below our expectations of $72.1 million.
Other revenues decreased 20.5% to $20.42 million. The reported figure was below our expectations of $22 million.
Liquidity, Dividends & Buyback
At the end of second-quarter 2025, Landstar had cash and cash equivalents of $359.23 million compared with $417.42 million recorded at the prior-quarter end. Additionally, long-term debt (excluding current maturities) totaled $54.67 million at the end of the second quarter compared with $61.9 million at the prior-quarter end.
During the second quarter of 2025, Landstar purchased 300,141 shares for $42.4 million. LSTR is currently authorized to purchase up to an additional 1,861,522 shares under its longstanding share purchase program.
Landstar’s board of directorsalsoannounced a quarterly cash dividend of 40 cents per share payable on Sept. 9, 2025, to stockholders of record as of the close of business on Aug. 19, 2025.
Delta Air Lines (DAL - Free Report) reported second-quarter 2025 earnings (excluding $1.17 per share from non-recurring items) of $2.10 per share, which beat the Zacks Consensus Estimate of $2.04. Earnings decreased 11% on a year-over-year basis due to high labor costs.
Revenues in the June-end quarter were $16.65 billion, beating the Zacks Consensus Estimate of $16.2 billion and decreasing marginally on a year-over-year basis. Adjusted operating revenues (excluding third-party refinery sales) increased 1% year over year to $15.5 billion.
J.B. Hunt Transport Services, Inc. (JBHT - Free Report) reported second-quarter 2025 earnings of $1.31 per share, which missed the Zacks Consensus Estimate of $1.34 and declined 0.8% year over year.
Total operating revenues of $2.93 billion missed the Zacks Consensus Estimate of $2.94 billion and were flat year over year. JBHT’s second-quarter revenue performance witnessed a 6% increase in Intermodal (JBI) loads, a 13% increase in Truckload (JBT) loads, a 3% increase in Dedicated Contract Services (DCS) productivity and a 6% increase in Integrated Capacity Solutions (ICS) revenue per load. These items were offset by Final Mile Services revenue declining 10%, lower revenue per load in both JBI and JBT, a 9% decrease in ICS load volume and a 3% decline in average trucks in DCS. Total operating revenues, excluding fuel surcharge revenue, increased 1% on a year-over-year basis.
United Airlines Holdings, Inc. (UAL - Free Report) reported mixed second-quarter 2025 results wherein the company’s earnings beat the Zacks Consensus Estimate, but revenues missed the same.
UAL's second-quarter 2025 adjusted earnings per share of $3.87 surpassed the Zacks Consensus Estimate by a penny but declined 6.5% on a year-over-year basis. The reported figure lies within the guided range of $3.25-$4.25.
Operating revenues of $15.2 billion fell short of the Zacks Consensus Estimate of $15.4 billion but increased 1.7% year over year. Passenger revenues (which accounted for 90.8% of the top line) increased 1.1% year over year to $13.8 billion. UAL flights transported 46,186 passengers in the second quarter, up 4.1% year over year.
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Landstar Q2 Earnings & Revenues Surpass Estimates, Down Y/Y
Key Takeaways
Landstar System, Inc. (LSTR - Free Report) ) second-quarter 2025 earnings per share (EPS) of $1.20 beat the Zacks Consensus Estimate of $1.16 but fell 18.9% year over year. Revenues of $1.21 billion marginally surpassed the Zacks Consensus Estimate of $1.20 billion but declined 1.1% year over year.
Landstar's revenue performance in the second quarter witnessed truck revenue per load improving by 2.6% year over year, partially offset by a 1.5% decrease in the number of loads hauled via truck over the same period.
The 2.6% uptick in truck revenue per load was owing to a 3.2% increase in revenue per load on loads hauled by unsided platform equipment and by a 1.2% increase in revenue per load on loads hauled via van equipment.
Operating income fell 17.3% from the prior-year quarter’s figure to $56.28 million. Total costs and expenses (on a reported basis) declined marginally by 0.1% to $1.15 billion.
Landstar System, Inc. Price, Consensus and EPS Surprise
Landstar System, Inc. price-consensus-eps-surprise-chart | Landstar System, Inc. Quote
LSTR's Q2 Segmental Details
Total revenues in the truck transportation segment — contributing to 89.8% of the top line — amounted to $1.11 billion, up 1.1% from the year-ago quarter’s figure. The reported figure was above our expectations of $1.09 billion.
Rail intermodal revenues of $22.02 million fell 1.3% from the figure recorded in second-quarter 2024. The reported figure was above our expectations of $21.7 million.
Revenues in the ocean and air-cargo carrier segments fell 28.7% year over year to $50.78 million. The reported figure was below our expectations of $72.1 million.
Other revenues decreased 20.5% to $20.42 million. The reported figure was below our expectations of $22 million.
Liquidity, Dividends & Buyback
At the end of second-quarter 2025, Landstar had cash and cash equivalents of $359.23 million compared with $417.42 million recorded at the prior-quarter end. Additionally, long-term debt (excluding current maturities) totaled $54.67 million at the end of the second quarter compared with $61.9 million at the prior-quarter end.
During the second quarter of 2025, Landstar purchased 300,141 shares for $42.4 million. LSTR is currently authorized to purchase up to an additional 1,861,522 shares under its longstanding share purchase program.
Landstar’s board of directorsalsoannounced a quarterly cash dividend of 40 cents per share payable on Sept. 9, 2025, to stockholders of record as of the close of business on Aug. 19, 2025.
Currently, Landstar carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Q2 Performances of Other Transportation Companies
Delta Air Lines (DAL - Free Report) reported second-quarter 2025 earnings (excluding $1.17 per share from non-recurring items) of $2.10 per share, which beat the Zacks Consensus Estimate of $2.04. Earnings decreased 11% on a year-over-year basis due to high labor costs.
Revenues in the June-end quarter were $16.65 billion, beating the Zacks Consensus Estimate of $16.2 billion and decreasing marginally on a year-over-year basis. Adjusted operating revenues (excluding third-party refinery sales) increased 1% year over year to $15.5 billion.
J.B. Hunt Transport Services, Inc. (JBHT - Free Report) reported second-quarter 2025 earnings of $1.31 per share, which missed the Zacks Consensus Estimate of $1.34 and declined 0.8% year over year.
Total operating revenues of $2.93 billion missed the Zacks Consensus Estimate of $2.94 billion and were flat year over year. JBHT’s second-quarter revenue performance witnessed a 6% increase in Intermodal (JBI) loads, a 13% increase in Truckload (JBT) loads, a 3% increase in Dedicated Contract Services (DCS) productivity and a 6% increase in Integrated Capacity Solutions (ICS) revenue per load. These items were offset by Final Mile Services revenue declining 10%, lower revenue per load in both JBI and JBT, a 9% decrease in ICS load volume and a 3% decline in average trucks in DCS. Total operating revenues, excluding fuel surcharge revenue, increased 1% on a year-over-year basis.
United Airlines Holdings, Inc. (UAL - Free Report) reported mixed second-quarter 2025 results wherein the company’s earnings beat the Zacks Consensus Estimate, but revenues missed the same.
UAL's second-quarter 2025 adjusted earnings per share of $3.87 surpassed the Zacks Consensus Estimate by a penny but declined 6.5% on a year-over-year basis. The reported figure lies within the guided range of $3.25-$4.25.
Operating revenues of $15.2 billion fell short of the Zacks Consensus Estimate of $15.4 billion but increased 1.7% year over year. Passenger revenues (which accounted for 90.8% of the top line) increased 1.1% year over year to $13.8 billion. UAL flights transported 46,186 passengers in the second quarter, up 4.1% year over year.