secwatch.observer — SEC 8-K summary
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Issuer:     MARTEN TRANSPORT LTD (MRTN)
CIK:        0000799167
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001437749-23-020225
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799167/000143774923020225/0001437749-23-020225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799167/000143774923020225/mrtn20230717_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020225

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