secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001193125-23-263100
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312523263100/0001193125-23-263100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312523263100/d537292d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-263100

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer