secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0001193125-22-018321
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landstar Q4 revenue $1.945B (+50% YoY), DEPS $2.99 vs guidance $2.83-$2.93
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- Q4 2021 revenue $1.945B (record), net income $113.3M, diluted EPS $2.99 (record); beat upwardly revised guidance.
- Full-year 2021 revenue ~$6.5B (record), DEPS $9.98 (record), operating income $506M (+100% YoY), loads hauled >2.4M.
- Q1 2022 guidance: revenue $1.70-$1.75B, DEPS $2.70-$2.80; truck loads +12-14% YoY, revenue per load +14-17% YoY.
- Quarterly dividend $0.25/share payable March 11, 2022, to holders of record Feb 14; $122.7M share repurchases in FY 2021.
- Ocean/air cargo revenue surged 131% YoY to $174.6M; truck loadings rose 22% YoY, setting a Q4 record.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312522018321/0001193125-22-018321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312522018321/d296916d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-018321

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