Marten Transport Q4 2021 Earnings Report
Key Takeaways
Marten Transport reported a strong fourth quarter with a 26.1% increase in net income to $24.7 million, or 30 cents per diluted share. Operating revenue improved 17.4% to $266.9 million, and operating income improved 20.0% to $30.7 million. Operating revenue and operating income for the quarter ended December 31, 2021 was the highest amount for any quarter in Marten’s 76-year history.
Net income increased by 26.1% to $24.7 million, or 30 cents per diluted share, compared to Q4 2020.
Operating revenue improved by 17.4% to $266.9 million compared to Q4 2020.
Operating income improved by 20.0% to $30.7 million compared to Q4 2020.
Operating expenses as a percentage of operating revenue improved to 88.5%.
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Marten Transport Revenue by Segment
Forward Guidance
Executive Chairman Randolph L. Marten stated, “Marten’s bright and determined people consistently produce strong profitable growth, to be continued…”
Revenue & Expenses
Visualization of income flow from segment revenue to net income