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Stock impact report

Marten Transport Announces First Quarter Results

Marten Transport, Ltd. (MRTN) 
Last marten transport, ltd. earnings: 4/16 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: marten.com/investor-relations
Company Research Source: GlobeNewswire
MONDOVI, Wis., April 18, 2024 (GLOBE NEWSWIRE) -- 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, compared with $22.5 million, or 28 cents per diluted share, for the first quarter of 2023. Operating revenue was $249.7 million for the first quarter of 2024 compared with $298.0 million for the first quarter of 2023. Excluding fuel surcharges, operating revenue was $215.7 million for the 2024 quarter compared with $254.9 million for the 2023 quarter. Fuel surcharge revenue decreased to $33.9 million for the 2024 quarter from $43.1 million for the 2023 quarter. Operating income was $12.3 million for the first quarter of 2024 compared with $29.0 million for the first quarter of 2023. Operating expenses as a percentage of operating revenue were 95.1% for the 2024 quarter and 90.3% for the 2023 quarter. Operating expenses as a percentage of operating revenue, with both amounts n Show less Read more
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