---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-056276"
form_type: "8-K"
ticker: "LSTR"
cik: "0000853816"
company_name: "LANDSTAR SYSTEM INC"
filed_at: "2022-02-28T23:59:59+00:00"
generated_at: "2026-06-27T03:56:42.745845+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Landstar estimates up to $100M Q1 revenue hit from Ukraine disruption; still expects to top prior guidance

## Summary
- Two largest independent agencies, generating 13% of 2021 revenue ($860M), have operations disrupted by Russian invasion of Ukraine.
- Complete disruption of Ukrainian ops could reduce truckload revenue by $20-25M per week; up to $0.18 EPS impact in Q1.
- Despite disruption, Q1 revenue expected to exceed prior guidance high end ($1.75B) by mid-single-digit percentage; EPS by low double-digit.
- Through Feb 25, 2022, repurchased 641,000 shares for ~$101.2M.
- Agency with US headquarters but significant operations in eastern Ukraine is the largest by revenue in 2021 ($740M, 11% of revenue).

## SEC filing metadata
- accession: 0001193125-22-056276
- form_type: 8-K
- ticker: LSTR
- cik: 0000853816
- company_name: LANDSTAR SYSTEM INC
- filed_at: 2022-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/853816/000119312522056276/0001193125-22-056276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/853816/000119312522056276/d278375d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-056276
- JSON: https://secwatch.observer/filing/0001193125-22-056276.json
- Plain text: https://secwatch.observer/filing/0001193125-22-056276.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.