---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-151824"
form_type: "8-K"
ticker: "LSTR"
cik: "0000853816"
company_name: "LANDSTAR SYSTEM INC"
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T17:41:09.809576+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Landstar cuts Q2 2023 guidance: revenue $1.325B-$1.375B (below prior), EPS $1.75-$1.85

## Summary
- Revenue expected $1.325B-$1.375B vs prior $1.40B-$1.45B; midpoint $75M (5.3%) below prior midpoint.
- Diluted EPS guidance reduced to $1.75-$1.85 from prior $1.90-$2.00.
- Truck load volumes trending 16-18% lower YoY; revenue per load down 14-16% YoY.
- Updated guidance issued ahead of Wolfe Research conference; insurance and tax assumptions unchanged.
- CEO James Gattoni and CFO James Todd to present revised outlook on May 24, 2023.

## SEC filing metadata
- accession: 0001193125-23-151824
- form_type: 8-K
- ticker: LSTR
- cik: 0000853816
- company_name: LANDSTAR SYSTEM INC
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/853816/000119312523151824/0001193125-23-151824-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/853816/000119312523151824/d298136d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-151824
- JSON: https://secwatch.observer/filing/0001193125-23-151824.json
- Plain text: https://secwatch.observer/filing/0001193125-23-151824.txt

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