secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0001193125-26-027265
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landstar Q4 EPS $0.70 vs $1.31 YoY; elevated insurance claims weigh on results
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- Revenue $1,174M (-3% YoY); EPS $0.70 vs $1.31 prior year.
- Insurance/claims expense $56M vs $30M; $16.7M from three tragic accidents, $5.3M reserve increase.
- Truck revenue per load improved sequentially; Dec up 6% vs Oct. Unsided/platform rev $401M.
- Recorded $2.1M impairment ($0.05/sh) on sale of Mexican subsidiary Landstar Metro.
- Declared $0.40 quarterly dividend payable Mar 11; repurchased 286,695 shares for $37M in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312526027265/0001193125-26-027265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312526027265/d85231d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-027265

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