Marten Transport Q2 record revenue $232.4M, net income up 18.1% to $21.4M

MARTEN TRANSPORT LTD

2021-Q2 EPS reported $0.47 revenue$455,488,000

Diluted EPS $0.26 vs $0.22 in Q2 2020; net income $21.4M, up 18.1%.
Operating revenue record $232.4M (+9.4% YoY); operating income record $28.5M (+12.9%).
Operating ratio net of fuel surcharges improved to 86.0%, best since 1986 IPO.
First-half 2021 net income $39.4M (+23.8%); operating income $52.5M (+21.3%).
Management cites tight freight market and driver shortage driving pricing improvements.

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