Marten Transport, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 18, 2023 at 04:05 pm EDT
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Marten Transport, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 279.54 million compared to USD 324.45 million a year ago. Net income was USD 13.6 million compared to USD 25.65 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.32 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.32 a year ago.
For the nine months, sales was USD 863.23 million compared to USD 941.29 million a year ago. Net income was USD 57.97 million compared to USD 84.84 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 1.03 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. 
