secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001193125-24-188922
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landstar Q2 revenue falls 11% YoY to $1.225B; EPS down to $1.48; dividend raised 9%
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- Revenue $1.225B vs $1.374B YoY (-11%); EPS $1.48 vs $1.85 YoY (-20%).
- Truck loads hauled down 8.9%; truck revenue per load down 2.6%.
- Quarterly dividend raised 9% to $0.36/share; payable Sept 10, 2024 to holders of record Aug 20, 2024.
- Repurchased ~316k shares for $57M in Q2; authorized share repurchase remaining ~2.68M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312524188922/0001193125-24-188922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312524188922/d104166d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-188922

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