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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%.
Marten Transport
Marten Transport
Marten Transport Revenue by Segment
Revenue by Segment
Truckload Revenue
CapyFin.comDedicated Revenue
CapyFin.comIntermodal Revenue
CapyFin.comBrokerage Revenue
CapyFin.com 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