secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001193125-25-118369
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landstar Q1 EPS $0.85 vs $1.32 YoY; revenue $1.153B; fraud charge $0.10; dividend raised 11% to $0.40
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- EPS of $0.85 (GAAP) in Q1 2025, down from $1.32 in Q1 2024; adjusted EPS prior to fraud charge $0.95.
- Revenue $1.153B, slightly down 1.5% YoY from $1.171B; truck loads down 1.2%.
- Includes $4.8M pre-tax charge ($0.10 per share) for supply chain fraud in international forwarding; insurance costs elevated at 9.3% of BCO revenue.
- Board declared quarterly dividend $0.40, up 11% from $0.36; payable June 24 to holders of record June 5.
- Operating income $39.4M vs $60.0M YoY; gross profit $98M vs $114M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312525118369/0001193125-25-118369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312525118369/d946662d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-118369

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