NASDAQ$MRTN

Marten Transport Ltd · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Net income improved by 31.3% for the first quarter of 2021.

Marten Transport reported a 31.3% increase in net income to $18.0 million, or 22 cents per diluted share, for the first quarter ended March 31, 2021. Operating revenue improved 2.0% to $223.0 million, and operating income improved 33.1% to $24.0 million.

  • Net income increased by 31.3% to $18.0 million, or 22 cents per diluted share.
  • Operating revenue improved by 2.0% to $223.0 million.
  • Operating income improved by 33.1% to $24.0 million.
  • Operating expenses as a percentage of operating revenue improved to 89.2%.

Headline financials

Total Revenue

$223M

Previous: $219M+2.0%
EPS (adj)

$0.22

Previous: $0.17+29.4%
Free Cash Flow

$18M

Previous: $13.7M+31.3%
Net Income

$18M

Previous: $13.7M+31.3%
Operating Income

$24M

Previous: $18M+33.1%
Gross Profit

$223M

Previous: $219M+2.0%
Cash & Equivalents

$88.6M

Previous: $36.1M+145.1%
Total Assets

$855M

Previous: $825M+3.7%

Revenue & EPS history

Marten Transport · Revenue · Quarterly

$223M

Q1 2021+2%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Marten Transport · $92.7M total across 4 segments · Q1 2021

  • Dedicated
    $57.5M-23.4%
  • Truckload
    $14.5M-84.8%
  • Intermodal
    $13.6M-42.6%
  • Brokerage
    $7.1M-71.4%

Forward guidance

Marten Transport expects to continue building on its momentum in expanding capacity and improving driver compensation and benefits.

Tailwinds

  • Increasing compensation from customers for premium services.
  • Expanding capacity within a multifaceted business model.
  • Continued improvements to driver compensation and benefits.
  • Focus on safety.
  • Focus on technology.

Headwinds

  • Tightening freight market.
  • Accelerating demand.
  • Constraining capacity.
  • Intensifying national driver shortage.
  • Persistent unsafe weather conditions

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+3.1%

Avg return

30 days after

45%

30 / 66 earnings

Positive

+16.6%

Q2 2022

Best reaction

-10.7%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.0%+0.5%+12.5%
Q4 2025+0.1%+7.0%+9.1%
Q3 2025-9.0%-7.8%-8.0%
Q2 2025-1.8%-3.0%-3.7%
Q1 2025-3.4%+0.1%+3.6%
Q4 2024-3.7%-5.5%-10.6%
Q3 2024-5.3%-8.2%-1.5%
Q2 2024-1.3%-3.0%-5.8%
Q1 2024+2.4%+3.5%+11.9%
Q4 2023-4.9%-6.5%-3.7%
Q3 2023-10.1%-8.5%-7.9%
Q2 2023-2.9%+0.4%+2.7%
Q1 2023+2.3%+2.3%+4.8%
Q4 2022+10.1%+11.8%+10.5%
Q3 2022-5.8%-8.7%+5.3%
Q2 2022+16.6%+13.3%+27.9%
Q1 2022+7.8%+6.3%+3.6%
Q4 2021+2.4%+0.2%+17.9%
Q3 2021+5.9%+5.7%+8.9%
Q2 2021-9.3%-8.4%-9.9%
Q1 2021-0.1%+0.3%+0.2%
Q4 2020-7.7%-11.8%-8.8%
Q3 2020-1.5%-5.8%+3.1%
Q2 2020+7.2%+2.1%+4.5%
Q1 2020-0.1%+0.3%+9.4%
Q4 2019-5.3%-2.8%+10.5%
Q3 2019+1.9%+4.4%+1.8%
Q2 2019+9.9%+8.3%+5.2%
Q1 2019+9.7%+12.4%+6.5%
Q4 2018-1.3%-1.8%-2.1%
Q3 2018-0.6%-1.0%+2.2%
Q2 2018+6.1%+6.6%+2.0%
Q1 2018-10.7%-14.3%-10.3%
Q4 2017+3.9%+6.4%+2.5%
Q3 2017+0.6%+1.8%-0.8%
Q2 2017+3.4%+2.5%-1.3%
Q1 2017+10.4%+14.3%+9.4%
Q4 2016-3.2%-3.6%+2.7%
Q3 2016+2.8%+3.1%+20.7%
Q2 2016-1.0%-0.6%-0.6%
Q1 2016+2.7%
Q4 2015-0.5%
Q3 2015-3.1%
Q2 2015-10.2%
Q1 2015+5.9%
Q4 2014-0.7%
Q3 2014+4.4%
Q2 2014-4.4%
Q1 2014+8.6%
Q4 2013+1.2%
Q3 2013+4.1%
Q2 2013-6.1%
Q1 2013+7.6%
Q4 2012+5.8%
Q3 2012-0.6%
Q4 2011-2.5%
Q2 2012-0.4%
Q1 2011+2.2%
Q1 2012-0.5%
Q4 2009+2.2%
Q3 2010-3.2%
Q3 2011-3.2%
Q2 2010-2.0%
Q2 2011-2.0%
Q4 2010-2.0%
Q1 2010+5.5%

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