secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0001193125-22-265307
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landstar reports Q3 record revenue $1.816B and DEPS $2.76; Q4 guidance cautious
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- Revenue $1.816B (+5% YoY) and DEPS $2.76 (+7% YoY), both all-time Q3 records.
- Gross profit $185.7M (-2% YoY); variable contribution $245.7M (+1% YoY).
- Q4 2022 guidance: revenue $1.775B-1.825B, DEPS $2.60-2.70; truck loads expected down 2-4% YoY including extra week.
- Truck transportation revenue $1,598.8M (88% of revenue); rail/air/ocean $191.9M (+49% YoY).
- Declared quarterly dividend $0.30/share payable Dec 2; repurchased 504k shares for $73.3M in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312522265307/0001193125-22-265307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312522265307/d301066d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-265307

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