Marten Transport Q3 net income up 20.6% to $25.6M; EPS $0.32

MARTEN TRANSPORT LTD

2022-Q3 EPS reported $1.03 revenue$941,294,000

Net income $25.6M ($0.32 diluted EPS) vs $21.3M ($0.26) a year ago, 15th consecutive quarterly profit increase.
Operating revenue rose 29.1% to $324.4M; revenue ex-fuel surcharges up 21.8% to $269.3M.
Operating income increased 18.5% to $33.8M; nine-month operating income up 36.5% to $110.6M.
Fleet driver count up 22.6% since June 30, 2021; 199 more drivers than at start of Q3 2022.
Results partly offset by Hurricane Ian impact and rail service weakness affecting intermodal.

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