08:13 AM EDT, 05/13/2025 (MT Newswires) -- Landstar System ( LSTR ) reported fiscal Q1 earnings Tuesday of $0.85 per diluted share, down from $1.32 a year earlier.

Analysts polled by FactSet expected $0.75.

Revenue for the fiscal quarter ended March 29 was $1.15 billion, down from $1.17 billion a year earlier.

Analysts surveyed by FactSet expected $1.14 billion.

The company also said its board increased the quarterly dividend by 11% to $0.40 per share, payable on June 24 to shareholders of record as of June 5.

Shares of the company were down 2.9% in recent premarket activity.