---
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"
generated_at: "2026-06-20T04:32:12.945054+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Landstar Q4 revenue $1.675B, DEPS $2.60; full-year records but Q4 down YoY; Q1 2023 guidance weak

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-021621
- JSON: https://secwatch.observer/filing/0001193125-23-021621.json
- Plain text: https://secwatch.observer/filing/0001193125-23-021621.txt

## Key facts
- Earnings Releases
  LANDSTAR SYSTEM INC reported fiscal year 2022 results: revenue approximately $7.4 billion, EPS $11.76.
  - Period: fiscal year 2022
  - Revenue: approximately $7.4 billion
  - EPS: $11.76
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/853816/000119312523021621/0001193125-23-021621-index.htm
- Earnings Releases
  LANDSTAR SYSTEM INC reported the 2022 fourteen-week fourth quarter results: revenue $1.675 billion, EPS $2.60.
  - Period: the 2022 fourteen-week fourth quarter
  - Revenue: $1.675 billion
  - EPS: $2.60
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/853816/000119312523021621/0001193125-23-021621-index.htm

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