secwatch.observer — SEC 8-K summary
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Issuer:     MARTEN TRANSPORT LTD (MRTN)
CIK:        0000799167
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001437749-24-012435
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 Q1 net income $9.6M ($0.12 EPS) vs $22.5M ($0.28) YoY; revenue down 16%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799167/000143774924012435/0001437749-24-012435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799167/000143774924012435/mrtn20240416_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-012435

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer