---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-111541"
form_type: "8-K"
ticker: "LSTR"
cik: "0000853816"
company_name: "LANDSTAR SYSTEM INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:55:24.735401+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Landstar Q1 revenue $1.17B (-18% YoY), EPS $1.32 (-39% YoY), dividend $0.33

## Summary
- Revenue $1,171M, down from $1,436M YoY; EPS $1.32, down from $2.17 YoY.
- Truck loads down 13% YoY; truck revenue per load down 7% YoY.
- Gross profit $113.9M vs $152.9M; variable contribution $168.2M vs $208.7M.
- Quarterly dividend of $0.33 per share declared, payable May 24, 2024.
- Cash & short-term investments ~$530M; trailing ROE 23%, ROIC 22%.

## SEC filing metadata
- accession: 0001193125-24-111541
- form_type: 8-K
- ticker: LSTR
- cik: 0000853816
- company_name: LANDSTAR SYSTEM INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/853816/000119312524111541/0001193125-24-111541-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/853816/000119312524111541/d810636d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-111541
- JSON: https://secwatch.observer/filing/0001193125-24-111541.json
- Plain text: https://secwatch.observer/filing/0001193125-24-111541.txt

## Key facts
- Earnings Releases
  LANDSTAR SYSTEM INC reported first quarter of fiscal 2024 results: revenue $1.171 billion, EPS $1.32.
  - Period: first quarter of fiscal 2024
  - Revenue: $1.171 billion
  - EPS: $1.32
  - Result: reported results
  source text: - Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.32 in the 2024 first quarter on revenue of $1.171 billion. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.33 per share payable on May 24, 2024, to stockholders of record as of the close of
  evidence_url: https://www.sec.gov/Archives/edgar/data/853816/000119312524111541/0001193125-24-111541-index.htm

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