NASDAQ$MRTN
Marten Transport Ltd · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported highest operating revenue and operating income for any quarter and the best operating ratio, net of fuel surcharges, since Marten became a public company in 1986.
Marten Transport reported a 52.9% increase in net income to $27.5 million, or 33 cents per diluted share, for the first quarter ended March 31, 2022. Operating revenue improved 28.8% to $287.3 million, and operating income improved 49.4% to $35.9 million.
- Net income increased by 52.9% compared to Q1 2021.
- Operating revenue increased by 28.8% compared to Q1 2021.
- Operating income increased by 49.4% compared to Q1 2021.
- The company repurchased and retired 1.3 million shares of common stock for $25 million and increased the regular quarterly cash dividend by 50%.
Headline financials
Revenue & EPS history
Marten Transport · Revenue · Quarterly
$287M
Forward guidance
Marten provided momentum to the rest of this year to continue consistent, strong profitable growth.
Tailwinds
- Began this year’s second quarter with 128 more of the industry’s top drivers than employed at the beginning of the year.
- Added 95 refrigerated containers during the first quarter, increasing the fleet to 729 containers as of March 31st.
- Repurchased and retired 1.3 million shares of common stock for $25 million.
- Increased regular quarterly cash dividend by 50% during the first quarter of 2022.
Headwinds
- Unrelenting national shortage of qualified drivers.
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 2022
+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
| Quarter | Report date | Reaction (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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