莱帝运输 2025年季度报告

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF Commission File Number:0-21238 (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations Item 3.Quantitative and Qualitative Disclosures About Market Risk Item 1.Legal Proceedings Item 2.Unregistered Sales of Equity Securities and Use of Proceeds Item 5.Other InformationItem 6.Exhibits EX – 31.1 Section302 CEO CertificationEX – 31.2 Section302 CFO Certification EX – 32.1 Section906 CEO CertificationEX – 32.2 Section906 CFO Certification 2 The interim consolidated financial statements contained herein reflect all adjustments (all of a normal, recurring nature) which, in the opinion of management, are necessary for a fair statement of the financial condition, results of operations, cash flows and changes in shareholders’ equity for theperiods presented. They have been prepared in accordance with Rule10-01of RegulationS-Xand do not include all the information and footnotesrequired by generally accepted accounting principles for complete financial statements. Operating results for the thirteen weeks ended March29, 2025are not necessarily indicative of the results that may be expected for the entire fiscal year ending December27, 2025.These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto Non-vestedat March29, 2025 two equal annual installments on the first and second anniversary of the date of the grant or100% on the first, third or fifth anniversary of the date of thegrant. For restricted stock awards granted under the 2022 DSCP, each recipient may elect to defer receipt of shares and instead receive restricted stock Logistics$1,154,532 Total revenue1,154,53228,580Investment income3,412Purchased transportation905,521Commissions to agents97,282Other operating costs, net of gains on asset sales/dispositions14,859 2025Operating income$39,419Interest and debt (income) expense(1)(159) Balance as of December28, 2024 $(2,805$(9,205Other comprehensive income96450Balance as of March29, 2025)(9,155) active markets are classified within Level1. Investments that trade in markets that are not considered to be active, but are valued based on quotedmarket prices, are classified within Level2. As Level2 investments include positions that are not traded in active markets, valuations may be adjusted toreflect illiquidity and/ornon-transferability,which are generally based on available market information. Any transfers between levels are recognized asof the beginning of any reporting period. Fair value of the bond portfolio was determined using Level1 inputs related to U.S. Treasury obligations and money market investments and Level2 inputs related to investment-grade corporate bonds, asset-backed securities, commercial paper and directobligations of government agencies. Unrealized losses, net of unrealized gains, on the investments in the bond portfolio were $2,345,000and$3,573,000at March29, 2025 and December28, 2024, respectively. The amortized cost and fair values ofavailable-for-saleinvestments are as follows at March29, 2025 and December28, 2024 (in thousands): GrossGrossAmortizedCostUnrealizedGainsUnrealizedLosses $13,473$—$—Asset-backed securities26,785251,770Corporate bonds, commercial paper and direct obligations of government agencies107,2,02 $147,438$223$3,7913 64201,34169,606$23,606$51$61,808$2,822$85,414December28, 2024Asset-backed securities$9,663$37$12,596$1,733$22,259 —Total future minimum lease payments103,443Less amount representing interest (1.6% to6.4%)9,475Present value of minimum lease payments$93,96 Long-term debt, excluding current maturitiesOther current liabilities Deferred income taxes and other noncurrent liabilities Other than the finance lease obligations as presented on the consolidated balance sheets, the Company hadnooutstanding debt as of March29,2025 and December28, 2024. $600,000,000. As of March29, 2025, the Company hadnoborrowings outstanding under the Credit Agreement. The revolving credit loans under the Credit Agreement, at the option of Landstar, bear interest at (i)a forward-looking term rate based on thesecured overnight financing rate plus0.10% and an applicable margin ranging from1.25% to2.00%, or (ii)an alternate base rate plus an applicablemargin ranging from0.25% to1.00%, in each case with the applicable margin determined based upon the Company’s Leverage Ratio, as defined in theCredit Agreement, at the end