---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020225"
form_type: "8-K"
ticker: "MRTN"
cik: "0000799167"
company_name: "MARTEN TRANSPORT LTD"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:43:28.440571+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-020225
- form_type: 8-K
- ticker: MRTN
- cik: 0000799167
- company_name: MARTEN TRANSPORT LTD
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799167/000143774923020225/0001437749-23-020225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799167/000143774923020225/mrtn20230717_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020225
- JSON: https://secwatch.observer/filing/0001437749-23-020225.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020225.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/799167/000143774923020225/0001437749-23-020225-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.