secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001193125-23-021621
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312523021621/0001193125-23-021621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312523021621/d443884d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-021621

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