---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-028511"
form_type: "8-K"
ticker: "MRTN"
cik: "0000799167"
company_name: "MARTEN TRANSPORT LTD"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:13:53.571877+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Marten Transport Q3 net income falls 47% to $13.6M; EPS $0.17 vs $0.32

## Summary
- Net income $13.6M ($0.17/diluted) vs $25.6M ($0.32) YoY; revenue $279.5M vs $324.4M.
- Operating income $17.2M, down 49% YoY; operating expenses ex-fuel at 92.8% vs 87.5% in Q3'22.
- Weak demand, reduced rates, and $3.9M add'l net fuel expense vs Q2 pressured results.
- Management says no rate cuts since early Aug; focus on positioning for market recovery.

## SEC filing metadata
- accession: 0001437749-23-028511
- form_type: 8-K
- ticker: MRTN
- cik: 0000799167
- company_name: MARTEN TRANSPORT LTD
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799167/000143774923028511/0001437749-23-028511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799167/000143774923028511/mrtn20231017_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-028511
- JSON: https://secwatch.observer/filing/0001437749-23-028511.json
- Plain text: https://secwatch.observer/filing/0001437749-23-028511.txt

## Key facts
- Earnings Releases
  MARTEN TRANSPORT LTD reported the third quarter ended September 30, 2023 results: revenue $279.5 million, net income $13.6 million, EPS 17 cents per diluted share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $279.5 million
  - Net income: $13.6 million
  - EPS: 17 cents per diluted share
  - Result: reported results
  source text: 2023, net income was $58.0 million, or 71 cents per diluted share, compared with $84.8 million, or $1.03 per diluted share, for the 2022 nine-month period. Operating revenue was $279.5 million for the third quarter of 2023 compared with $324.4 million for the third quarter of 2022. Excluding fuel surcharges, operating revenue was $239.1 million for the 2023 quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/799167/000143774923028511/0001437749-23-028511-index.htm

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