Marten Transport Q2 2023 Earnings Report
Key Takeaways
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.
Net income for Q2 2023 was $21.9 million, or 27 cents per diluted share.
Operating revenue for Q2 2023 was $285.7 million.
Operating income for Q2 2023 was $28.2 million.
Operating expenses as a percentage of operating revenue were 90.1% for the 2023 quarter.
Marten Transport
Marten Transport
Forward Guidance
Marten Transport is positioning its premium service solutions to capitalize on profitable organic growth opportunities as the market necessarily recovers.