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Dec 31, 2023
Marten Transport Q4 2023 Earnings Report
Marten Transport reported a decrease in net income and operating revenue for Q4 2023 due to weak freight market demand and inflationary operating costs.
Key Takeaways
Marten Transport's Q4 2023 net income decreased to $12.4 million, or 15 cents per diluted share, compared to $25.5 million, or 31 cents per diluted share in Q4 2022. Operating revenue also decreased to $268.2 million from $322.6 million in the same period last year. The company faced pressures from the freight market recession, inflationary costs, and the impact of decreased freight rates.
Net income for Q4 2023 was $12.4 million, or 15 cents per diluted share, down from $25.5 million, or 31 cents per diluted share in Q4 2022.
Operating revenue for Q4 2023 decreased to $268.2 million compared to $322.6 million for the same quarter in the previous year.
Excluding fuel surcharges, operating revenue was $229.4 million for Q4 2023, compared to $269.7 million for Q4 2022.
Operating income for Q4 2023 was $15.7 million, a decrease from $32.8 million in Q4 2022.
Forward Guidance
Marten Transport is focused on minimizing the impact of the freight market and positioning operations to capitalize on organic growth opportunities as the market recovers.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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