Landstar Updates Q1 2025 Outlook, Expects Lower EPS Due to Fraud and Claims Costs
Jacksonville, FL – April 2, 2025 – Landstar System, Inc. (Nasdaq: LSTR) has revised its Q1 2025 earnings guidance, citing elevated insurance and claims costs and the discovery of a significant supply chain fraud, which may impact earnings by $0.35 to $0.50 per share.

The company now expects Q1 EPS to range from $0.90 to $0.95, down from prior guidance of $1.05 to $1.25. However, revenue is projected to finish near the midpoint of its earlier forecast of $1.075B to $1.175B, driven by stronger-than-expected load volume in February.

Landstar also announced it repurchased 386,000 shares during the quarter at a cost of $60 million. Final Q1 results will be released after market close on April 29, 2025, followed by a conference call.

The fraud identified does not involve the company’s core North American truckload operations and remains under investigation.