Marten Transport Q3 net income up 17.9% to $21.3M; record revenue $251.3M

MARTEN TRANSPORT LTD

2021-Q3 EPS reported $0.73 revenue$706,768,000

Diluted EPS of $0.26 vs $0.22 in Q3 2020, a 18.2% increase.
Operating revenue rose 16.3% to a record $251.3M; ex-fuel surcharges revenue +12.8% to $221.2M.
Operating income improved 16.8% to $28.5M; operating margin (ex-fuel) improved to 87.1% from 87.6%.
Ended Q3 with 181 more drivers than start of quarter; refrigerated container fleet grew to 607.
First nine months net income up 21.6% to $60.7M ($0.73 per diluted share).

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