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Jun 30, 2020
Marten Transport Q2 2020 Earnings Report
Marten Transport reported record operating income and increased net income in Q2 2020.
Key Takeaways
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.
Net income improved 19.4% to $18.1 million, or 33 cents per diluted share.
Operating income increased 26.6% to a record $25.3 million.
Operating revenue increased to $212.4 million.
Company announced a three-for-two stock split and increased quarterly dividend cash payout by 50%.
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 plans on pursuing profitable growth opportunities in the second half of the year, while embracing the responsibility to keep employees safe and healthy.
Positive Outlook
- Pursuing profitable growth opportunities in the second half of the year.
- Adaptive redeployment of drivers to match changing freight demand.
- Minimizing empty miles.
- Continued strong financial condition.
- Increased trading activity in common stock due to stock split.
Challenges Ahead
- Significantly fluctuating customer freight volumes.
- Risks and uncertainties in forward-looking statements.
- Factors discussed in the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
- Potential for actual results to differ materially from forward-looking statements.
- No obligation to update forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income