Highest-materiality recent filing
Letter of credit sublimit raised from $30M to $35M under existing unsecured revolving credit facility.
Marten Transport raises CEO salary to $842,600; amends executive bonus plan
Randolph Marten salary increased from $818K to $842.6K; CFO Hinnendael to $463.5K.
Marten Transport Q1 EPS $0.02 vs $0.05; revenue $203.5M
Net income of $1.4M ($0.02 diluted EPS) vs $4.3M ($0.05) in Q1 2025.
Marten Transport Q4 net income $3.7M ($0.05 EPS) vs $5.6M YoY; full year EPS $0.21
Q4 net income $3.7M ($0.05/diluted) vs $5.6M ($0.07) YoY; sequential improvement of 66.1%
Marten Transport Q3 EPS $0.03, revenue down 7%; sells intermodal to Hub Group for $51.8M
Q3 net income $2.2M ($0.03 diluted EPS) vs $3.8M ($0.05) in Q3 2024; operating income $2.7M vs $4.3M.
Marten Transport CEO Timothy Kohl retires, receives $620K severance
CEO Timothy Kohl retired effective September 30, 2025 as previously announced.
Marten Transport CEO Kohl to retire Sept 30; Randolph Marten appointed Chairman & CEO
CEO Timothy Kohl retiring effective Sept 30, 2025; company thanks him for his tenure.
Marten Transport Q2 net income $7.2M, EPS $0.09 vs $0.10 YoY; revenue down 6.6%
Q2 net income $7.2M ($0.09 diluted EPS) vs $7.9M ($0.10) in Q2 2024; six-month net income $11.5M vs $17.5M.
Marten Transport reinstates NEO base salaries, increases CFO pay, adopts 2025 equity plan
Base salaries for all six NEOs reinstated retroactive to April 7, 2025, after temporary cuts of 5-7.5% in Sep 2024.
Marten Transport Q1 net income drops 55% to $4.3M; EPS $0.05 vs $0.12
Net income $4.3M ($0.05 diluted EPS) vs $9.6M ($0.12) in Q1 2024.
Director Thomas J. Winkel steps down from Marten Transport board at 2025 Annual Meeting
Thomas J. Winkel will not seek reelection at the 2025 Annual Meeting for personal reasons.
Marten Transport Q4 EPS drops to $0.07 from $0.15; full-year EPS $0.33 vs $0.86
Q4 net income $5.6M ($0.07 diluted EPS) vs $12.4M ($0.15) YoY; revenue $230.4M vs $268.2M.
Marten Transport Q3 net income $3.8M ($0.05 EPS), down 72% YoY; revenue down 15%
Net income $3.8M, EPS $0.05, vs $13.6M ($0.17) in Q3 2023; nine-month net income $21.3M ($0.26) vs $58.0M ($0.71).
Marten Transport temporarily reduces NEO base salaries by 5–7.5% amid freight recession
Four executive officers (Marten, Kohl, Hinnendael, Petit) take 7.5% salary reduction.
Marten Transport Q2 EPS $0.10 vs $0.27 YoY; revenue down 14% to $246.2M
Net income $7.9M ($0.10 diluted) vs $21.9M ($0.27) in Q2 2023; operating income $10.0M vs $28.2M.
Marten Transport shareholders re-elect all directors, approve advisory compensation vote
All 8 director nominees re-elected at May 7 annual meeting; broker non-votes ranged from 2.85M to 3.31M.
Marten Transport Q1 net income $9.6M ($0.12 EPS) vs $22.5M ($0.28) YoY; revenue down 16%
Net income $9.6M ($0.12 diluted EPS) vs $22.5M ($0.28) in Q1 2023, a 57% decline.
Marten Transport Q4 net income falls 51% to $12.4M; full-year EPS drops to $0.86 from $1.35
Q4 diluted EPS of $0.15 vs $0.31 in Q4 2022; operating revenue down 17% to $268.2M.
Marten Transport appoints Adam Phillips as EVP and COO, effective Dec 13, 2023
Adam Phillips appointed Executive VP and COO effective Dec 13, 2023; base salary $310,000/year.
Marten Transport Q3 net income falls 47% to $13.6M; EPS $0.17 vs $0.32
Net income $13.6M ($0.17/diluted) vs $25.6M ($0.32) YoY; revenue $279.5M vs $324.4M.
Marten Transport adopts amended bylaws with advance notice provisions for shareholder proposals
Effective August 15, 2023, Board adopted Amended and Restated Bylaws.
Marten Transport Q2 net income $21.9M ($0.27 EPS), down 31% YoY; revenue $285.7M
Net income fell to $21.9M from $31.7M; diluted EPS dropped to $0.27 from $0.39.
Marten Transport raises executive base salaries ~3%; annual meeting votes pass
Executive Chairman salary raised to $818K from $794K; CEO to $751K from $729K.
Marten Transport Q1 EPS falls to $0.28 from $0.33; revenue up 3.7% to $298M
Net income $22.5M ($0.28 diluted EPS) vs $27.5M ($0.33) in Q1 2022, down 18%.
Marten Transport elects Patricia L. Jones as independent director
Patricia L. Jones elected to board as independent director; term begins March 15, 2023.
Marten Transport Q4 net income $25.5M ($0.31 EPS), up 3.2% YoY; FY2022 revenue record $1.264B
Q4 net income $25.5M ($0.31 diluted EPS) vs $24.7M ($0.30) a year ago; 16th consecutive quarterly profit growth.
Marten Transport Q3 net income up 20.6% to $25.6M; EPS $0.32
Net income $25.6M ($0.32 diluted EPS) vs $21.3M ($0.26) a year ago, 15th consecutive quarterly profit increase.
Marten Transport enters $30M unsecured revolving credit facility, replacing 2006 agreement
New $30M unsecured revolver matures in 5 years; can be expanded up to $100M.
Marten Transport Q2 net income $31.7M ($0.39 EPS); record quarterly revenue and operating income.
Net income $31.7M, +47.8% YoY; diluted EPS $0.39 vs $0.26.
Marten Transport declares $0.06 quarterly dividend; boosts share repurchase program to $50M
John H. Turner, EVP Sales and Marketing, retired effective May 2, 2022.
Marten Q1 net income up 52.9% to $27.5M; record revenue $287.3M
EPS $0.33 diluted vs $0.22 YoY; net income $27.5M vs $18.0M.
Twelfth Amendment waives 25% net-income limit on buybacks/dividends, allows up to $80M in FY2022.
Marten Transport expands dry truckload into Mexico; Dry Regional revenue up 26.4% in 2021
Began hauling dry van products between Mexico and U.S.; first load delivered Feb 11, 2022.
Marten Transport Q4 net income up 26.1% to $24.7M; record full-year revenue $973.6M
Net income Q4 $24.7M ($0.30 EPS) vs $19.6M ($0.24) year ago; full-year net income $85.4M ($1.02 EPS) up 22.9%.
On February 13, 2025, Mr. Thomas J. Winkel, a member of the Board of Directors of Marten Transport, Ltd. (the “Company”), notified the Company that he will not seek reelection as a director of the Company at the Company’s upcoming 2025 Annual Meeting of Stockholders for personal reasons.
On December 13, 2023, the Board of Directors of Marten Transport, Ltd. (the “Company”) approved the appointment of Adam Phillips as its Executive Vice President and Chief Operating Officer.
On March 3, 2023, the company's board of directors elected Patricia L. Jones as an independent director of the company.
On May 2, 2022, John H. Turner, Marten Transport, Ltd.’s (the “Company’s”) Executive Vice President of Sales and Marketing, retired.
Max materiality 0.85 · Median 0.65 · Most common event earnings