莱帝运输 2025年季度报告

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 Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of RegulationS-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files): Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-acceleratedfiler, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2of the Exchange Act). Yes☐No☑ The number of shares of the registrant’s common stock, par value $0.01 per share, outstanding as of the close of business on April21, 2025 was34,946,177. Table of Contents Index PART I– Financial Information Item 1.Financial Statements (unaudited) Page4Page5Page6Page7Page8 Consolidated Balance Sheets as of March29, 2025 and December28, 2024Consolidated Statements of Income for the Thirteen Weeks Ended March29, 2025 and March30, 2024Consolidated Statements of Comprehensive Income for the Thirteen Weeks Ended March29, 2025 and March30, 2024Consolidated Statements of Cash Flows for the Thirteen Weeks Ended March29, 2025 and March30, 2024 Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations Item 3.Quantitative and Qualitative Disclosures About Market Risk PART II –Other Information Signatures EX – 31.1 Section302 CEO CertificationEX – 31.2 Section302 CFO CertificationEX – 32.1 Section906 CEO CertificationEX – 32.2 Section906 CFO Certification Table of Contents PART I -FINANCIAL INFORMATION The interim consolidated financial statements contained herein reflect all adjustments (all of a normal, recurring nature) which, in the opinion ofmanagement, 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 footnotes These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes theretoincluded in the Company’s 2024 Annual Report on Form10-K. LANDSTAR SYSTEM, INC. AND SUBSIDIARYCONSOLIDATED BALANCE SHEETS(Dollars in thousands, except per share amounts) LANDSTAR SYSTEM, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF INCOME(Dollars in thousands, except per share amounts) Table of Contents LANDSTAR SYSTEM, INC. AND SUBSIDIARYNOTES TO CONSOLIDATED FINANCIAL STATEMENTS The consolidated financial statements include the accounts of Landstar System, Inc. and its subsidiary, Landstar System Holdings, Inc., and reflectall adjustments (all of a normal, recurring nature) which are, in the opinion of management, necessary for a fair statement of the results for the periodspresented. The preparation of the consolidated financial statements requires the use of management’s estimates. Actual results could differ from those (1)Significant Accounting Policies Revenue from Contracts with Customers – Disaggregation of Revenue The following table summarizes (i)the percentage of consolidated revenue generated by mode of transportation and (ii)the total amount of trucktransportation revenue hauled by BCO Independent Contractors and Truck Brokerage Carriers generated by equipment type during the thirteen-weekperiods ended March29, 2025 and March30, 2024 (dollars in thousands): (1)Includes power-only, expedited, straight truck, cargo van, and miscellaneous other truck transportation revenue generated by the transportationlogistics segment. Power-only refers to shipments where the Company furnishes a power unit and an operator but not trailing equipment, which istypically provided by the shipper or consignee. Table of Contents (2)Share-based Payment Arrangements As of March29, 2025, the Company has an employee equity incentive plan, the 2011 equity incentive plan (the “2011 EIP”). The Company alsohas a stock compensation plan for members of its Board of Directors, the 2022 Directors Stock Compensation Plan (the “2022 DSCP”).6,000,000shares of the Company’s common stock were authorized for issuance under the 2011 EIP and200,000shar