secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001193125-24-020984
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landstar Q4 2023 EPS $1.62 on revenue $1.204B; Q1 guidance points to further declines
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- Q4 2023 EPS $1.62 vs $2.60 in prior-year 14-week quarter; revenue $1.204B vs $1.675B.
- Truck loads hauled down 22% YoY; truck revenue per load down 10% YoY.
- Gross profit $124.6M, variable contribution $178.1M, both significantly lower YoY.
- Q1 2024 guidance: revenue $1.10B-$1.15B, EPS $1.25-$1.35, citing continued soft demand.
- Quarterly dividend declared $0.33 per share, payable March 8, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312524020984/0001193125-24-020984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312524020984/d755514d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-020984

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