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Mar 31, 2023

Marten Transport Q1 2023 Earnings Report

Reported net income for the first quarter of 2023, with operating revenue improved.

Key Takeaways

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.

Net income was $22.5 million, or 28 cents per diluted share.

Operating revenue improved 3.7% to $298.0 million.

Operating income was $29.0 million.

Fuel surcharge revenue increased to $43.1 million.

Total Revenue
$298M
Previous year: $287M
+3.7%
EPS
$0.28
Previous year: $0.33
-15.2%
Operating Ratio
90.3%
Gross Profit
$53.1M
Previous year: $57.8M
-8.1%
Cash and Equivalents
$0
0
Total Assets
$979M
Previous year: $885M
+10.6%

Marten Transport

Marten Transport

Marten Transport Revenue by Segment

Forward Guidance

Marten believes that they are well-positioned to capitalize on profitable organic growth opportunities across its five distinct but complementary business platforms.

Revenue & Expenses

Visualization of income flow from segment revenue to net income