secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001193125-24-246572
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landstar Q3 revenue falls 5.8% to $1.214B; EPS $1.41 vs $1.71
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- Revenue $1.214B, down 5.9% YoY; EPS $1.41 vs $1.71 (down 17.5%).
- Truck loads down 7.7% YoY; truck revenue per load up 0.7%.
- Gross profit $112.7M vs $128.1M; variable contribution $171.4M vs $187.4M.
- Board declared $0.36 quarterly dividend payable Dec 10, record Nov 19.
- Repurchased ~121k shares for $22.4M in Q3; $531M cash on hand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312524246572/0001193125-24-246572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312524246572/d822221d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-246572

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