secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001193125-24-111541
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312524111541/0001193125-24-111541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312524111541/d810636d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-111541

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