---
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"
generated_at: "2026-06-16T14:45:28.796160+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Landstar Q1 revenue $1.44B, EPS $2.17 vs $3.34 YoY; guides Q2 EPS $1.90-$2.00

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-118611
- JSON: https://secwatch.observer/filing/0001193125-23-118611.json
- Plain text: https://secwatch.observer/filing/0001193125-23-118611.txt

## Key facts
- Earnings Releases
  LANDSTAR SYSTEM INC reported the first quarter of fiscal 2023 results: revenue $1.436 billion, EPS $2.17.
  - Period: the first quarter of fiscal 2023
  - Revenue: $1.436 billion
  - EPS: $2.17
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/853816/000119312523118611/0001193125-23-118611-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.