Marten Transport Q4 net income $25.5M ($0.31 EPS), up 3.2% YoY; FY2022 revenue record $1.264B

MARTEN TRANSPORT LTD

2022-FY EPS reported $1.35 revenue$1,263,878,000

Q4 net income $25.5M ($0.31 diluted EPS) vs $24.7M ($0.30) a year ago; 16th consecutive quarterly profit growth.
Full-year 2022 net income $110.4M ($1.35 EPS), up 29.2% from $85.4M ($1.02) in 2021.
Operating revenue for 2022 reached record $1.264B, up 29.8% YoY; operating income record $143.3M, up 28.3%.
Operating ratio net of fuel surcharges improved to 86.4%, best since becoming public in 1986.
Company started 2023 with 425 more drivers than at start of 2022, citing momentum for continued growth.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARTEN TRANSPORT LTD reported the fourth quarter ended December 31, 2022 results: revenue $322.6 million, net income $25.5 million, EPS 31 cents per diluted share.

Period: the fourth quarter ended December 31, 2022
Revenue: $322.6 million
Net income: $25.5 million
EPS: 31 cents per diluted share
Result: reported results

Exact text from the filing

surcharges 15.8 % 23.1 % 8.3 % 6.8 % 8.6 % Operating income 6.9 % 28.3 % 19.8 % 21.9 % 8.7 % Net income 3.2 % 29.2 % 22.9 % 13.8 % 11.0 % Operating revenue improved 20.9% to $322.6 million for the fourth quarter of 2022 from $266.9 million for the fourth quarter of 2021. Excluding fuel surcharges, operating revenue improved 15.8% to $269.7 million for the 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARTEN TRANSPORT LTD reported the year ended December 31, 2022 results: revenue $1.264 billion, net income $110.4 million, EPS $1.35 per diluted share.

Period: the year ended December 31, 2022
Revenue: $1.264 billion
Net income: $110.4 million
EPS: $1.35 per diluted share
Result: reported results

Exact text from the filing

revenue increased to $52.9 million for the 2022 quarter from $34.0 million for the 2021 quarter, reflecting significantly higher fuel prices. Operating revenue improved 29.8% to $1.264 billion for 2022, the highest amount for any year in Marten’s 77-year history, from $973.6 million for 2021. Excluding fuel surcharges, operating revenue improved 23.1% to $1.053 billion

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Source: SEC EDGAR

accession 0001437749-23-001674

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