Marten Transport, Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 19, 2023 at 04:01 pm EDT
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Marten Transport, Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 285.67 million compared to USD 329.57 million a year ago. Net income was USD 21.87 million compared to USD 31.66 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.39 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.39 a year ago.
For the six months, sales was USD 583.7 million compared to USD 616.85 million a year ago. Net income was USD 44.38 million compared to USD 59.19 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.72 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. 
