Marten Transport Q2 net income $21.9M ($0.27 EPS), down 31% YoY; revenue $285.7M

MARTEN TRANSPORT LTD

2023-Q2 EPS reported $0.55 revenue$583,695,000

Net income fell to $21.9M from $31.7M; diluted EPS dropped to $0.27 from $0.39.
Operating revenue $285.7M (-13% YoY); ex-fuel surcharge revenue $248.6M (-7.6% YoY).
Operating income $28.2M (down from $40.9M); operating expense ratio net of fuel 88.7% vs 84.8%.
Executive chairman cited soft freight demand, excess capacity, and inflationary cost pressures.
Company called Q2 its second-highest Q2 operating revenue and net income in history.

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 0.9

MARTEN TRANSPORT LTD reported quarter ended June 30, 2023 results: revenue $285.7 million, net income $21.9 million, EPS 27 cents per diluted share.

Period: quarter ended June 30, 2023
Revenue: $285.7 million
Net income: $21.9 million
EPS: 27 cents per diluted share
Result: reported results

Exact text from the filing

net income was $44.4 million, or 55 cents per diluted share, compared with $59.2 million, or 72 cents per diluted share, for the 2022 six-month period. Operating revenue was $285.7 million for the second quarter of 2023 compared with $329.6 million for the second quarter of 2022. Excluding fuel surcharges, operating revenue was $248.6 million for the 2023 quarter

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Source: SEC EDGAR

accession 0001437749-23-020225

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