Landstar Q1 Interest Income Down, Expenses Up
Ticker: LSTR · Form: 10-Q · Filed: May 13, 2025 · CIK: 853816
Sentiment: neutral
Topics: earnings, financials, transportation, interest-rates
TL;DR
Landstar's Q1 interest income dropped to $1.67M from $2.5M last year, while interest expense jumped to $1.51M from $889K.
AI Summary
Landstar System Inc. reported its first quarter 2025 results, with interest income on cash balances in the transportation logistics segment totaling $1,668 for the thirteen-week period ending March 29, 2025. This compares to $2,500 earned in the same period of 2024. Consolidated total interest expense was $1,509 for the thirteen-week period of 2025, up from $889 in the comparable 2024 period.
Why It Matters
Changes in interest income and expense can reflect shifts in cash management strategies and prevailing interest rates, impacting the company's overall profitability.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative developments.
Key Numbers
- $1.67M — Interest Income (Q1 2025) (Lower interest income compared to the prior year's period.)
- $2.5M — Interest Income (Q1 2024) (Higher interest income in the prior year's period.)
- $1.51M — Interest Expense (Q1 2025) (Increased interest expense compared to the prior year's period.)
- $0.89M — Interest Expense (Q1 2024) (Lower interest expense in the prior year's period.)
Key Players & Entities
- Landstar System Inc. (company) — Filer of the 10-Q
- $1,668 (dollar_amount) — Interest income earned on cash balances in Q1 2025
- $2,500 (dollar_amount) — Interest income earned on cash balances in Q1 2024
- $1,509 (dollar_amount) — Consolidated total interest expense in Q1 2025
- $889 (dollar_amount) — Consolidated total interest expense in Q1 2024
- 20250329 (date) — End of the reporting period for Q1 2025
FAQ
What is the primary reason for the decrease in interest income earned on cash balances for Landstar System Inc. in Q1 2025 compared to Q1 2024?
The filing does not explicitly state the reason, but a decrease in interest income typically suggests lower average cash balances or lower prevailing interest rates.
What factors contributed to the increase in consolidated total interest expense for Landstar System Inc. in Q1 2025?
The filing does not detail the specific factors, but an increase in interest expense could be due to higher debt levels, increased borrowing costs, or changes in financing arrangements.
What is the reporting period for this 10-Q filing?
The conformed period of report is March 29, 2025.
What is the SIC code for Landstar System Inc.?
The Standard Industrial Classification code is 4213, which corresponds to TRUCKING (NO LOCAL).
What is the business address of Landstar System Inc.?
The business address is 13410 Sutton Park Drive South, Jacksonville, FL 32224.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 13, 2025 regarding LANDSTAR SYSTEM INC (LSTR).