secwatch.observer — SEC 8-K summary
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Issuer:     MARTEN TRANSPORT LTD (MRTN)
CIK:        0000799167
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001437749-24-002185
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 Q4 net income falls 51% to $12.4M; full-year EPS drops to $0.86 from $1.35
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799167/000143774924002185/0001437749-24-002185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799167/000143774924002185/mrtn20240122_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-002185

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