Marten Transport Q4 net income falls 51% to $12.4M; full-year EPS drops to $0.86 from $1.35

MARTEN TRANSPORT LTD

2023-FY EPS reported $0.86 revenue$1,131,455,000

Q4 diluted EPS of $0.15 vs $0.31 in Q4 2022; operating revenue down 17% to $268.2M.
Full-year 2023 net income $70.4M ($0.86/sh) vs $110.4M ($1.35/sh) in 2022.
Operating expenses as % of operating revenue (net of fuel surcharges) rose to 93.2% from 87.8%.
Executive Chairman cites freight market recession, weak demand, oversupply, and inflationary costs.
Company has not agreed to any rate reductions since August 2023.

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 0.95

MARTEN TRANSPORT LTD reported the fourth quarter ended December 31, 2023 results: revenue $268.2 million, net income $12.4 million, EPS 15 cents per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $268.2 million
Net income: $12.4 million
EPS: 15 cents per diluted share
Result: reported results

Exact text from the filing

Operating revenue was $268.2 million for the fourth quarter of 2023 compared with $322.6 million for the fourth quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARTEN TRANSPORT LTD reported the year ended December 31, 2023 results: revenue $1.131 billion, net income $70.4 million, EPS 86 cents per diluted share.

Period: the year ended December 31, 2023
Revenue: $1.131 billion
Net income: $70.4 million
EPS: 86 cents per diluted share
Result: reported results

Exact text from the filing

Operating revenue was $1.131 billion for 2023 compared with $1.264 billion for 2022.

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Source: SEC EDGAR

accession 0001437749-24-002185

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