Loading...
•
Dec 31, 2021
Marten Transport Q4 2021 Earnings Report
Reported highest operating revenue and operating income for any quarter and year in Marten’s history.
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%.
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
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