Marten Transport Q2 2023 Earnings Report

Marten Transport EPS Results

• Actual EPS: $0.27
• Consensus EPS: $0.28
• Beat/Miss: Missed by -$0.01
• One Year Ago EPS: $0.39

Marten Transport Revenue Results

• Actual Revenue: $285.67 million
• Expected Revenue: $296.93 million
• Beat/Miss: Missed by -$11.26 million
• YoY Revenue Growth: -13.30%

Marten Transport Announcement Details

• Quarter: Q2 2023
• Date: 7/19/2023
• Time: After Market Closes
• Conference Call Date: Wednesday, July 19, 2023
• Conference Call Time: 7:00AM ET

Marten Transport (NASDAQ:MRTN) operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Intermodal segment transports customers' freight utilizing its refrigerated containers and temperature-controlled trailers on railroad flatcars for portions of trips, as well as using tractors and contracted carriers. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2023, the company operated a fleet of 3,349 tractors, that included 3,255 company-owned tractors and 94 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.