Marten Transport Earnings Reports

Marten Transport posted a decline in earnings and revenue for Q1 2025, driven by prolonged freight market recession, inflationary pressures, and reduced freight rates. Despite the downturn, dedicated and brokerage divisions remained solid contributors.

Marten Transport reported a decrease in net income and operating revenue compared to the fourth quarter of the previous year. However, there was a sequential improvement in net income, operating income, and operating ratio compared to the third quarter of 2024. The company is focused on minimizing the freight market's impact and positioning for profitable growth.

Marten Transport reported a decrease in net income to $3.8 million, or 5 cents per diluted share, for Q3 2024, compared to $13.6 million, or 17 cents per diluted share, in Q3 2023. Operating revenue also decreased to $237.4 million from $279.5 million year-over-year. The results were impacted by the freight market recession and inflationary operating costs.

Marten Transport reported a decrease in net income for the second quarter of 2024, impacted by a freight market recession, inflationary operating costs, and freight rate reductions. While facing these challenges, the dedicated, brokerage, and MRTN de Mexico operations showed relative strength.

Marten Transport's Q1 2024 results were impacted by a freight market recession, with net income decreasing to $9.6 million from $22.5 million in Q1 2023. Operating revenue also declined to $249.7 million from $298.0 million in the same period last year.

Marten Transport's Q4 2023 net income decreased to $12.4 million, or 15 cents per diluted share, compared to $25.5 million, or 31 cents per diluted share in Q4 2022. Operating revenue also decreased to $268.2 million from $322.6 million in the same period last year. The company faced pressures from the freight market recession, inflationary costs, and the impact of decreased freight rates.

Marten Transport reported a decrease in net income to $13.6 million, or 17 cents per diluted share, for the third quarter ended September 30, 2023, compared to $25.6 million, or 32 cents per diluted share, for the third quarter of 2022. Operating revenue also decreased to $279.5 million from $324.4 million in the same quarter last year. The company faced pressure from industry-wide weak demand, reduced freight rates, and inflationary operating costs.

Marten Transport reported a net income of $21.9 million, or 27 cents per diluted share, for the second quarter ended June 30, 2023, compared to $31.7 million, or 39 cents per diluted share, for the second quarter of 2022. Operating revenue was $285.7 million for the second quarter of 2023 compared with $329.6 million for the second quarter of 2022.

Marten Transport reported a net income of $22.5 million, or 28 cents per diluted share, for the first quarter ended March 31, 2023. Operating revenue improved 3.7% to $298.0 million. The company is well-positioned to capitalize on profitable organic growth opportunities.

Marten Transport reported a 3.2% increase in net income for Q4 2022, reaching $25.5 million, or 31 cents per diluted share. The company's operating revenue improved by 20.9% to $322.6 million. Marten Transport achieved its sixteenth consecutive quarter of year-over-year profit growth.

Marten Transport reported a 20.6% increase in net income for Q3 2022, reaching $25.6 million, or 32 cents per diluted share, compared to $21.3 million, or 26 cents per diluted share, in Q3 2021. Operating revenue increased by 29.1% to $324.4 million.

Marten Transport reported a significant increase in net income, operating revenue, and operating income for the second quarter of 2022. Net income improved by 47.8%, operating revenue increased by 41.8%, and operating income rose by 43.5%.

Marten Transport reported a 52.9% increase in net income to $27.5 million, or 33 cents per diluted share, for the first quarter ended March 31, 2022. Operating revenue improved 28.8% to $287.3 million, and operating income improved 49.4% to $35.9 million.

Marten Transport reported a strong fourth quarter with a 26.1% increase in net income to $24.7 million, or 30 cents per diluted share. Operating revenue improved 17.4% to $266.9 million, and operating income improved 20.0% to $30.7 million. Operating revenue and operating income for the quarter ended December 31, 2021 was the highest amount for any quarter in Marten’s 76-year history.

Marten Transport reported a strong third quarter with a 17.9% increase in net income to $21.3 million and a 16.3% increase in operating revenue to $251.3 million compared to the third quarter of 2020.

Marten Transport reported a strong Q2 2021, marked by significant increases in revenue, earnings per share, and operating income. The company effectively capitalized on high freight demand and maintained operational efficiency.

Marten Transport reported a 31.3% increase in net income to $18.0 million, or 22 cents per diluted share, for the first quarter ended March 31, 2021. Operating revenue improved 2.0% to $223.0 million, and operating income improved 33.1% to $24.0 million.

Marten Transport reported a record operating revenue of $227.3 million and a record operating income of $25.6 million for the fourth quarter of 2020. Net income increased by 24.5% to $19.6 million, or 24 cents per diluted share.

Marten Transport reported an 8.8% increase in net income to $18.0 million for the third quarter ended September 30, 2020, compared to $16.6 million for the same period in 2019. Operating income improved by 21.8% to $24.4 million.

Marten Transport reported a 19.4% increase in net income to $18.1 million for the second quarter of 2020, with operating income improving 26.6% to a record $25.3 million. The company also announced a three-for-two stock split and a 50% increase in the quarterly dividend cash payout.

Marten Transport reported a 1.3% increase in net income to $13.7 million, with operating revenue up 9.9% to $218.6 million for the first quarter of 2020.

Marten Transport reported a 6.5% increase in operating revenue to $217.2 million for Q4 2019, while net income remained consistent at $15.7 million, or 29 cents per diluted share. The company achieved record operating revenue and operating income for the year, driven by disciplined execution and fleet expansion.