{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-021621","form_type":"8-K","ticker":"LSTR","cik":"0000853816","company_name":"LANDSTAR SYSTEM INC","filed_at":"2023-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.258775+00:00","generated_at":"2026-06-20T04:32:12.945054+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Landstar Q4 revenue $1.675B, DEPS $2.60; full-year records but Q4 down YoY; Q1 2023 guidance weak","bullets":["Q4 2022 DEPS $2.60 vs $2.99 in 2021; revenue $1.675B vs $1.945B; extra week contributed ~$65M revenue.","FY2022 revenue ~$7.4B (record), DEPS $11.76 (up 18% YoY); operating income $571M record.","Q1 2023 guidance: revenue $1.40B-$1.45B, DEPS $2.05-$2.15; truck loads down 10-12% YoY in January.","Board declared $0.30 quarterly dividend, payable March 10, 2023 to holders of record Feb 13, 2023.","Truck revenue per load down 7% YoY; loads down 5.5%; soft peak season and weaker demand cited."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-021621","json":"https://secwatch.observer/filing/0001193125-23-021621.json","markdown":"https://secwatch.observer/filing/0001193125-23-021621.md","text":"https://secwatch.observer/filing/0001193125-23-021621.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/853816/000119312523021621/0001193125-23-021621-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/853816/000119312523021621/d443884d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T04:32:12.945054+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8b4413f69a61a15ca8f453548d14efaacacc91f5","claim":"LANDSTAR SYSTEM INC reported fiscal year 2022 results: revenue approximately $7.4 billion, EPS $11.76.","evidence_excerpt":"Gattoni further stated, “As expected, even with a challenging 2022 fourth quarter, Landstar’s fiscal year financial performance in 2022 was the best in the Company’s history. Revenue in fiscal year 2022 was approximately $7.4 billion, an annual record, and was approximately $900 million higher than the previous record set in 2021. Gross profit and variable contribution in fiscal year 2022 were $788 million and $1.018 billion, respectively, both also representing new annual records. Operating income in fiscal year 2022 was an annual record of $571 million and represented year-over-year growth of 13%. Diluted earnings per share in fiscal year 2022 was an annual record of $11.76, an increase of $1.78, or 18 percent, from our prior fiscal year record of $9.98 in 2021.”","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523021621/0001193125-23-021621-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2022"},{"label":"Revenue","value":"approximately $7.4 billion"},{"label":"EPS","value":"$11.76"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c76835d97b5cf7925f288a0b1b317dbe1f712a48","claim":"LANDSTAR SYSTEM INC reported the 2022 fourteen-week fourth quarter results: revenue $1.675 billion, EPS $2.60.","evidence_excerpt":"Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported diluted earnings per share (“DEPS”) of $2.60 in the 2022 fourteen-week fourth quarter on revenue of $1.675 billion.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523021621/0001193125-23-021621-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the 2022 fourteen-week fourth quarter"},{"label":"Revenue","value":"$1.675 billion"},{"label":"EPS","value":"$2.60"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}