QUARTERLY FINANCIAL DATA

12 Months Ended

Dec. 29, 2012

QUARTERLY FINANCIAL DATA

LANDSTAR SYSTEM, INC. AND SUBSIDIARY

QUARTERLY FINANCIAL DATA

(Dollars in thousands, except per share amounts)

(Unaudited)

	Fourth Quarter 2012		Third Quarter 2012		Second Quarter 2012		First Quarter 2012
Revenue	$	691,256	$	717,168	$	735,973	$	649,023
Operating income	$	49,535	$	54,379	$	58,789	$	43,150
Income before income taxes	$	48,743	$	53,561	$	58,019	$	42,426
Income taxes		14,765		20,460		22,164		15,579
Net income	$	33,978	$	33,101	$	35,855	$	26,847
Earnings per common share attributable to Landstar System, Inc. and subsidiary(1)	$	0.73	$	0.71	$	0.76	$	0.57
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary(1)	$	0.73	$	0.71	$	0.76	$	0.57
Dividends paid per common share	$	0.560	$	0.060	$	0.055	$	0.055
	Fourth Quarter 2011		Third Quarter 2011		Second Quarter 2011		First Quarter 2011
Revenue	$	717,522	$	684,013	$	675,561	$	571,986
Operating income	$	50,950	$	49,533	$	48,670	$	34,092
Income before income taxes	$	50,178	$	48,798	$	47,893	$	33,264
Income taxes		17,546		18,640		18,295		12,707
Net income	$	32,632	$	30,158	$	29,598	$	20,557
Less: Net loss attributable to noncontrolling interest		—		—		—		(62	)
Net income attributable to Landstar System, Inc. and subsidiary	$	32,632	$	30,158	$	29,598	$	20,619
Earnings per common share attributable to Landstar System, Inc. and subsidiary(1)	$	0.70	$	0.64	$	0.62	$	0.43
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary(1)	$	0.70	$	0.64	$	0.62	$	0.43
Dividends paid per common share	$	0.055	$	0.055	$	0.050	$	0.050

(1) Due to the changes in the number of average common shares and common stock equivalents outstanding during the year, the sum of earnings per share amounts for each quarter do not necessarily sum in the aggregate to the earnings per share amounts for the full year.