Marten Transport, Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 15, 2021 at 04:01 pm EDT
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Marten Transport, Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 232.442 million compared to USD 212.384 million a year ago. Operating income was USD 28.518 million compared to USD 25.256 million a year ago. Net income was USD 21.418 million compared to USD 18.134 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.22 a year ago. For the half year, sales was USD 455.488 million compared to USD 431.030 million a year ago. Operating income was USD 52.516 million compared to USD 43.288 million a year ago. Net income was USD 39.424 million compared to USD 31.852 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.39 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.38 a year ago.
Marten Transport, Ltd. provides temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Its segments include Truckload, Dedicated, Intermodal and Brokerage. Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services. Dedicated segment provides customized transportation solutions utilizing temperature-controlled trailers, dry vans and other specialized equipment within the United States. Intermodal segment transports its customers freight within the United States, utilizing its refrigerated containers on railroad flatcars for portions of trips, with the balance of the trips using its tractors or, to a lesser extent, contracted carriers. Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for its customers.
MARTEN TRANSPORT, LTD. 
