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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Landstar System
Landstar System (LSTR) investor relations material
Landstar System Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary27 Oct, 2026
Executive summary
Q3 revenue rose 25.4% YoY to $1,511.8M; operating income was $65.5M and net income $48.0M, with EPS of $1.42 versus $0.56.
Truck growth and tighter capacity lifted revenue per load, while elevated insurance and claims costs weighed on earnings.
Net additions of 165 BCO trucks marked the strongest quarterly improvement since Q3 2021; management described freight conditions as improving.
Financial highlights
Revenue was $1,511.8M, up 25.4% YoY; gross profit rose 13.9% to $126.5M and variable contribution increased 24.6% to $212.1M.
Operating income was $65.5M versus $26.3M; net income was $48.0M versus $19.4M. Q3 2025 included a $30.1M non-cash impairment charge, or $0.66 per share.
Diluted EPS was $1.42 versus $0.56; 9M revenue was $4,115.3M versus $3,569M, with net income of $136.4M versus $91.1M.
Gross margin was 8.4% versus 9.2%; variable contribution margin was 14.0% versus 14.1%.
Insurance and claims costs were $55.3M; other operating costs were $21.2M and SG&A was $62.4M.
Outlook and guidance
No formal Q4 guidance; management cited fluid freight, geopolitical and macroeconomic conditions, and volatile litigation and claims costs.
October truck loads were ~7% above October 2025 and revenue per load was ~29% higher; both slightly exceeded typical seasonal trends.
Historical Q3-to-Q4 seasonality indicates truck revenue per load and loads each rise ~1%, while variable contribution margin typically contracts 20–30 bps.
Remaining FY26 operating-property investment is expected to be ~$79M, primarily for replacement trailers and IT hardware and software.
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Latest events from Landstar System
- Q2 2026 revenue up 18.2% and EPS up 20%, with record truckload rates and higher dividend.LSTR
Q2 2026 - All board nominees, auditor ratification, and executive compensation were approved unanimously.LSTRAGM 2026
- EPS rose 36% on higher truck rates and margins, with strong capital returns and AI investment.LSTRQ1 2026
- CEO compensation is now tightly linked to long-term shareholder value creation and performance.LSTRProxy filing
- Proxy details director elections, auditor ratification, pay changes, and ESG oversight.LSTRProxy filing
- Q4 revenue fell 2.9% as insurance costs surged, but heavy haul and AI initiatives outperformed.LSTRQ4 2025
- Q2 revenue fell but sequential growth and a 9% dividend hike signal cautious optimism.LSTRQ2 2024
- Revenue and EPS fell, but truckload volumes beat guidance and dividend rose 11%.LSTRQ1 2025
- Q4 2024 revenue rose to $1.209B, but EPS fell to $1.31 amid higher insurance costs.LSTRQ4 2024
Next Landstar System earnings date
Q4 202627 Jan, 2027
Landstar System
Next Landstar System earnings date
Q4 202627 Jan, 2027
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Frequently asked questions
Landstar System, Inc. provides integrated transportation management solutions through its network of agents and subsidiaries throughout North America, Europe, Australia and South Africa. Landstar System was founded in 1968 as a trucking company based in the United States and is currently headquartered in Jacksonville, FL with locations across the USA and Canada, Mexico, the United Kingdom, France, Belgium and Germany. Landstar System, Inc. specializes in moving freight from point A to point B via truckload freight carrier or less-than-truckload (LTL) freight carrier delivery methods. The company also has a dedicated team that can set up global logistics services for business customers who are looking for a one-stop shop for container shipping, airfreight options or international customs clearance solutions. Landstar System, Inc. is based in Jacksonville, Florida.