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Mar 31, 2021
Marten Transport Q1 2021 Earnings Report
Net income improved by 31.3% for the first quarter of 2021.
Key Takeaways
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.
Net income increased by 31.3% to $18.0 million, or 22 cents per diluted share.
Operating revenue improved by 2.0% to $223.0 million.
Operating income improved by 33.1% to $24.0 million.
Operating expenses as a percentage of operating revenue improved to 89.2%.
Revenue by Segment
Forward Guidance
Marten Transport expects to continue building on its momentum in expanding capacity and improving driver compensation and benefits.
Positive Outlook
- Increasing compensation from customers for premium services.
- Expanding capacity within a multifaceted business model.
- Continued improvements to driver compensation and benefits.
- Focus on safety.
- Focus on technology.
Challenges Ahead
- Tightening freight market.
- Accelerating demand.
- Constraining capacity.
- Intensifying national driver shortage.
- Persistent unsafe weather conditions
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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