Marten Transport Q1 EPS falls to $0.28 from $0.33; revenue up 3.7% to $298M

MARTEN TRANSPORT LTD

2023-Q1 EPS reported $0.28 revenue$298,023,000

Net income $22.5M ($0.28 diluted EPS) vs $27.5M ($0.33) in Q1 2022, down 18%.
Operating revenue $298.0M (+3.7%); ex-fuel surcharge $254.9M (+3.9%).
Operating income $29.0M vs $35.9M; operating margin declined to 9.7% from 12.5%.
Fuel surcharge revenue increased to $43.1M from $42.0M.
Management cites severe weather and softer freight market; expects increased carrier exits.

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 0.97

MARTEN TRANSPORT LTD reported first quarter ended March 31, 2023 results: revenue $298.0 million, net income $22.5 million, EPS 28 cents per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $298.0 million
Net income: $22.5 million
EPS: 28 cents per diluted share
Result: reported results

Exact text from the filing

Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $22.5 million, or 28 cents per diluted share, for the first quarter ended March 31, 2023, compared with $27.5 million, or 33 cents per diluted share, for the first quarter of 2022. Operating revenue improved 3.7% to $298.0 million for the first quarter of 2023 from $287.3 million for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001437749-23-010548

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