NASDAQ$MRTN

Marten Transport Ltd · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported highest operating revenue and operating income for any quarter and year in Marten’s history.

Marten Transport reported a record operating revenue of $227.3 million and a record operating income of $25.6 million for the fourth quarter of 2020. Net income increased by 24.5% to $19.6 million, or 24 cents per diluted share.

  • Operating revenue improved 4.7% to $227.3 million.
  • Operating income improved 36.0% to $25.6 million.
  • Net income improved 24.5% to $19.6 million, or 24 cents per diluted share.
  • Operating expenses as a percentage of operating revenue improved to 88.8%.

Headline financials

Total Revenue

$227M

Previous: $217M+4.7%
EPS (adj)

$0.24

Previous: $0.19+26.3%
Net Income

$19.6M

Previous: $15.7M+24.8%
Operating Income

$25.6M

Previous: $18.8M+36.2%
Gross Profit

$45.3M

Previous: $34.6M+31.0%
Cash & Equivalents

$66.1M

Previous: $31.5M+110.2%
Total Assets

$832M

Previous: $797M+4.4%

Revenue & EPS history

Marten Transport · Revenue · Quarterly

$227M

Q4 2020+4.7%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Marten Transport · $227M total across 4 segments · Q4 2020

  • Truckload
    $133M
  • Dedicated
    $57.8M
  • Brokerage
    $21.5M
  • Intermodal
    $15M

Forward guidance

Marten Transport will continue to increase compensation for premium services within the tight freight market and expects to continue to build on its success in expanding capacity.

Tailwinds

  • Increase compensation for premium services
  • Continue to build on success in expanding capacity
  • Offering the best careers for the industry’s top, experienced drivers
  • Continue to increase the compensation for premium services within the tight freight market.
  • Continue to build on our success in expanding the capacity.

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 Q4 2020

Historical avgQ4 2020

+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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