---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-263100"
form_type: "8-K"
ticker: "LSTR"
cik: "0000853816"
company_name: "LANDSTAR SYSTEM INC"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:37:33.763956+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Landstar Q3 revenue $1.289B, EPS $1.71, down sharply YoY; Q4 guidance weak

## Summary
- Q3 2023 revenue of $1.289B vs $1.816B in Q3 2022; EPS of $1.71 vs $2.76.
- Truck revenue per load down 12% YoY; loads hauled via truck down 16%.
- Gross profit fell to $128.1M from $185.7M; variable contribution also declined.
- Q4 2023 guidance: revenue $1.225-1.275B, EPS $1.60-1.70.
- Quarterly dividend of $0.33 declared, payable Dec 1, 2023 to record Nov 7.

## SEC filing metadata
- accession: 0001193125-23-263100
- form_type: 8-K
- ticker: LSTR
- cik: 0000853816
- company_name: LANDSTAR SYSTEM INC
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/853816/000119312523263100/0001193125-23-263100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/853816/000119312523263100/d537292d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-263100
- JSON: https://secwatch.observer/filing/0001193125-23-263100.json
- Plain text: https://secwatch.observer/filing/0001193125-23-263100.txt

## Key facts
- Earnings Releases
  LANDSTAR SYSTEM INC reported third quarter of fiscal 2023 results: revenue $1.289 billion, EPS $1.71.
  - Period: third quarter of fiscal 2023
  - Revenue: $1.289 billion
  - EPS: $1.71
  - Result: reported results
  source text: Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported basic and diluted earnings per share (“EPS”) of $1.71 in the 2023 third quarter on revenue of $1.289 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/853816/000119312523263100/0001193125-23-263100-index.htm

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