{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-118611","form_type":"8-K","ticker":"LSTR","cik":"0000853816","company_name":"LANDSTAR SYSTEM INC","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.440433+00:00","generated_at":"2026-06-16T14:45:28.796160+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Landstar Q1 revenue $1.44B, EPS $2.17 vs $3.34 YoY; guides Q2 EPS $1.90-$2.00","bullets":["Revenue $1.436B, down 27% YoY; DEPS $2.17, down 35% YoY.","Truck rev/load -14% YoY; loads -12% YoY; variable contribution $208.7M vs $270.5M.","Q2 2023 guidance: revenue $1.40B-$1.45B, DEPS $1.90-$2.00.","Dividend held at $0.30/share payable May 26; repurchased 90k shares for $15.4M.","Insurance/claims expense 5.3% of BCO revenue; effective tax rate 24.4% expected in Q2."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-118611","json":"https://secwatch.observer/filing/0001193125-23-118611.json","markdown":"https://secwatch.observer/filing/0001193125-23-118611.md","text":"https://secwatch.observer/filing/0001193125-23-118611.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/853816/000119312523118611/0001193125-23-118611-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/853816/000119312523118611/d450998d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T14:45:28.796160+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c072bc5ddad8ef0f92e01335eb7a38f69e787e39","claim":"LANDSTAR SYSTEM INC reported the first quarter of fiscal 2023 results: revenue $1.436 billion, EPS $2.17.","evidence_excerpt":"Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported diluted earnings per share (“DEPS”) of $2.17 in the 2023 first quarter on revenue of $1.436 billion.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523118611/0001193125-23-118611-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of fiscal 2023"},{"label":"Revenue","value":"$1.436 billion"},{"label":"EPS","value":"$2.17"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}