secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001193125-23-194654
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landstar Q2 revenue $1.374B, EPS $1.85; guides Q3 EPS $1.65-1.75
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- DEPS $1.85 vs $3.05 YoY; revenue $1.374B vs $1.975B, down 30%.
- Gross profit $139.7M, variable contribution $198.2M; truck loads down 16% YoY.
- Quarterly dividend raised $0.03 to $0.33/share (10% increase), payable Aug 25.
- Q3 guidance: revenue $1.275B-$1.325B, DEPS $1.65-$1.75 on continued soft demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312523194654/0001193125-23-194654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312523194654/d429263d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-194654

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