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Dec 31, 2019
Marten Transport Q4 2019 Earnings Report
Reported highest operating revenue and operating income for any year in Company history.
Key Takeaways
Marten Transport reported a 6.5% increase in operating revenue to $217.2 million for Q4 2019, while net income remained consistent at $15.7 million, or 29 cents per diluted share. The company achieved record operating revenue and operating income for the year, driven by disciplined execution and fleet expansion.
Operating revenue increased by 6.5% to $217.2 million compared to Q4 2018.
Net income was $15.7 million, or 29 cents per diluted share, consistent with Q4 2018.
Operating income was $18.8 million, compared to $19.5 million for Q4 2018.
The company profitably grew the size of its fleet by 16.1% throughout 2019.
Marten Transport
Marten Transport
Forward Guidance
Marten Transport expects to continue expanding its capacity in 2020 and has a strong start with recent awards of new dedicated business with several customers for over 185 additional tractors starting in 2019’s fourth and 2020’s first quarters.
Positive Outlook
- Expect to continue to expand our capacity in 2020.
- Off to a strong start with recent awards of new dedicated business
- Several customers for over 185 additional tractors
- Starting in 2019’s fourth
- Starting in 2020’s first quarters