Marten Transport Q1 net income $9.6M ($0.12 EPS) vs $22.5M ($0.28) YoY; revenue down 16%

MARTEN TRANSPORT LTD

2024-Q1 EPS reported $0.12 revenue$249,672,000

Net income $9.6M ($0.12 diluted EPS) vs $22.5M ($0.28) in Q1 2023, a 57% decline.
Operating revenue $249.7M, down 16.2% from $298.0M; revenue net of fuel surcharges $215.7M.
Operating expenses rose to 95.1% of revenue from 90.3%; costs net of fuel surcharges at 94.3% vs 88.6%.
Executive Chairman cites freight recession, oversupply, weak demand; no 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 0.9

MARTEN TRANSPORT LTD reported first quarter ended March 31, 2024 results: net income $9.6 million, EPS 12 cents per diluted share.

Period: first quarter ended March 31, 2024
Net income: $9.6 million
EPS: 12 cents per diluted share
Result: reported results

Exact text from the filing

Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $9.6 million, or 12 cents per diluted share, for the first quarter ended March 31, 2024

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Source: SEC EDGAR

accession 0001437749-24-012435

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