secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0001193125-22-111156
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landstar reports record Q1 revenue $1.97B, EPS $3.34; guides Q2 rev $2.0-2.05B
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- Record Q1 revenue $1.971B (+53% YoY); net income $124.8M (+62%); diluted EPS $3.34 (+66%).
- Gross profit record $214.6M; variable contribution record $270.5M (+43% YoY).
- Q2 guidance: revenue $2.0-2.05B, DEPS $3.22-3.32, truck loads +11-13% YoY.
- Declared quarterly dividend $0.25/share, payable May 27, 2022; record May 5, 2022.
- Repurchased ~694k shares for $109.3M; authorized ~2.3M additional shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312522111156/0001193125-22-111156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312522111156/d354744d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-111156

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