Marten Transport

Marten Transport Ltd. engages in the provision of temperature-sensitive truckload carrier services. It operates through the following segments: Truckload, Dedicated, Intermodal and Brokerage. The Truckload segment includes transport of food and consumer packaged goods that require a temperature-controlled or insulated environment. The Dedicated segment provides transportation solutions to individual customers using temperature-controlled trailers, dry vans, and specialized equipment. The Intermodal segment transports freight utilizing temperature-controlled trailers and dry containers on railroad flatcars for portions of trips. The Brokerage segment is involved in arranging smaller third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. The company was founded by Roger R. Marten in 1946 and is headquartered in Mondovi, WI.

Earnings data Q1 2021

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Marten Transport, Ltd. (MRTN) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share.

Marten Transport, Ltd. (MRTN) Q3 Earnings and Revenues Miss Estimates

MONDOVI, Wis., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $3.8 million, or 5 cents per diluted share, for the third quarter ended September 30, 2024, compared with $13.6 million, or 17 cents per diluted share, for the third quarter of 2023. For the nine-month period ended September 30, 2024, net income was $21.3 million, or 26 cents per diluted share, compared with $58.0 million, or 71 cents per diluted share, for the 2023 nine-month period.

Marten Transport Announces Third Quarter Results

MONDOVI, Wis., Aug. 14, 2024 (GLOBE NEWSWIRE) --  Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on September 30, 2024 to stockholders of record at the close of business on September 16, 2024.

MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

MONDOVI, Wis., July 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $7.9 million, or 10 cents per diluted share, for the second quarter ended June 30, 2024, compared with $21.9 million, or 27 cents per diluted share, for the second quarter of 2023. For the six-month period ended June 30, 2024, net income was $17.5 million, or 22 cents per diluted share, compared with $44.4 million, or 55 cents per diluted share, for the 2023 six-month period.

Marten Transport Announces Second Quarter Results

Marten Transport is a transportation and logistics company specializing in long-haul trucking and refrigerated transport services across North America. Over the last few quarters, the company has been navigating through challenging market conditions with a commitment to improving profitability. The company is well-positioned with a solid balance sheet and ample liquidity, which should bode well if the freight recession lasts longer than expected.

Marten Transport: On A Road To Recovery Navigating A Freight Recession

Times have been tough for Marten Transport due to weak industry conditions and worsening fundamentals. That picture continues today and may persist in the near term, though there are signs of improvement on the horizon. These improvements justify a more neutral, as opposed to a bearish, stance on the business.

Marten Transport: Signs Of Improvement Justify A Neutral Stance As Earnings Near

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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.

Marten Transport Announces First Quarter Results

Marten Transport reports increases in average miles per trip and quarterly operating ratio, indicating positive performance in the industry. The installation of solar panels in the company's facilities may attract demand from ESG investors. Despite lower-than-expected EPS and quarterly revenue, Marten is undervalued and expected to experience net sales, EBITDA, and net income growth in the future.

Marten Transport Q4: Beneficial Management Words, Operating Ratio Increases, And Undervalued

MONDOVI, Wis., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $12.4 million, or 15 cents per diluted share, for the fourth quarter ended December 31, 2023, compared with $25.5 million, or 31 cents per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, net income was $70.4 million, or 86 cents per diluted share, compared with $110.4 million, or $1.35 per diluted share, for 2022.

Marten Transport Announces Fourth Quarter and Year End Results

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ARI, ENR and MRTN have been added to the Zacks Rank #5 (Strong Sell) List on December 19, 2023.

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MONDOVI, Wis., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced that its Board of Directors has appointed Adam D. Phillips to an executive officer as its Executive Vice President and Chief Operating Officer, effective December 13, 2023.

MARTEN TRANSPORT APPOINTS ADAM PHILLIPS AS EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER

Marten Transport has experienced a recent pullback due to mixed earnings but is currently undervalued. The company operates in four divisions: truckload, dedicated, intermodal, and brokerage, providing transportation solutions for various industries. Analysts rate Marten Transport as a "buy" with a 23.01% potential upside, and the company has a strong balance sheet with no debt.

Marten Transport: Undervalued After Recent Pullback

Marten Transport's financial performance has started to weaken after a strong fiscal year in 2022. Revenue and profitability have declined in the current year, likely due to broader economic uncertainty and supply chain issues. MRTN stock is relatively expensive compared to similar companies, leading to a recommendation to downgrade from a 'buy' to a 'hold'.

Marten Transport: A Great Ride That's Now Over

MONDOVI, Wis., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced that its Board of Directors has appointed Randall J. Baier as its Executive Vice President and Chief Technology Officer, effective August 15, 2023.

MARTEN TRANSPORT APPOINTS RANDALL BAIER AS EXECUTIVE VICE PRESIDENT AND CHIEF TECHNOLOGY OFFICER

Marten Transport, Ltd. (MRTN) came out with quarterly earnings of $0.27 per share, in line with the Zacks Consensus Estimate.

Marten Transport, Ltd. (MRTN) Meets Q2 Earnings Estimates

Marten Transport Ltd saw a YoY decline in net income in Q1 2023 due to rising operating expenses, including higher fuel prices. However, operating revenues grew 3.8% YoY despite a challenging market environment. MRTN is expanding its business into Mexico, benefiting from the reshoring of manufacturing to North America and increased delivery between the US and Mexico. The company's revenues from temperature-sensitive shipments are also expected to increase.

Marten Transport: A Very Fair Price To Get In At

Marten Transport, Ltd. (MRTN) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share.

Marten Transport, Ltd. (MRTN) Tops Q1 Earnings Estimates

Marten Transport reports an EPS of $0.31, which is $0.01 higher than last year and revenue beat expectations by $4.43 million to $322.58M. Through its diversified business platforms, the company has been increasing top and bottom line performance consecutively since 2018, irrespective of the numerous market environment challenges.

Marten Transport: Sturdy Business Leads To Sturdy 2022 Results

Truckload carrier Marten Transport brought in a lot more revenue in the fourth quarter of 2022 compared to a year earlier but posted a much smaller gain in net income. Net of fuel, operating revenue at Marten (NASDAQ: MRTN) rose 15.8%, though total operating revenue, which included fuel, climbed 20.9%, to $322.6 million from $266.9 million in the fourth quarter of 2021.

Marten revenue up but net income growth lowest in over 2 years

Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of 3.33% and 0.09%, respectively, for the quarter ended December 2022.

Marten Transport, Ltd. (MRTN) Q4 Earnings and Revenues Surpass Estimates

Marten Transport, Ltd. (MRTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Marten Transport, Ltd. (MRTN) Earnings Expected to Grow: What to Know Ahead of Q4 Release

Marten Transport, Ltd. maintains a stable performance amidst inflationary headwinds. It outperforms the industry with its above-peer-average growth and margins.

Marten Transport: Stable Fundamentals But Stock Price Near Its Maximum

Marten Transport's earnings, the first out of the gate for truckload carriers, showed some signs of the market weakness that is evident in growing capacity and falling rates, but they weren't quite flashing red. Some operating comparisons to the third quarter of 2021 were flat to weaker depending on the segment.

Marten's Q3 mixed compared to year ago but slows from Q2

Marten Transport, Ltd. (MRTN) delivered earnings and revenue surprises of -5.88% and 0.96%, respectively, for the quarter ended September 2022.

News for Marten Transport Stock (MRTN)