NASDAQ$MRTN

Marten Transport Ltd · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Reported net income and operating revenue decreased compared to the same period last year, but net income and operating income improved sequentially from the previous quarter.

Marten Transport reported a decrease in net income and operating revenue compared to the fourth quarter of the previous year. However, there was a sequential improvement in net income, operating income, and operating ratio compared to the third quarter of 2024. The company is focused on minimizing the freight market's impact and positioning for profitable growth.

  • Net income for Q4 2024 was $5.6 million, or 7 cents per diluted share, compared to $12.4 million, or 15 cents per diluted share, for Q4 2023.
  • Operating revenue for Q4 2024 was $230.4 million, compared to $268.2 million for Q4 2023.
  • Operating income for Q4 2024 was $6.7 million, compared to $15.7 million for Q4 2023.
  • The company saw sequential improvement in net income, operating income and operating ratio, net of fuel surcharges, since Q2 2022.

Headline financials

Total Revenue

$230M

Previous: $268M-14.1%
EPS (adj)

$0.07

Previous: $0.15-53.3%
Operating Ratio

97.1%

No prior period
Operating Ratio (ex-Fuel)

96.7%

No prior period
Net Income

$5.6M

Previous: $12.4M-54.8%
Operating Income

$6.7M

Previous: $15.7M-57.3%
Gross Profit

$108M

Previous: $24.1M+349.0%

Revenue & EPS history

Marten Transport · Revenue · Quarterly

$230M

Q4 2024-14.1%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Marten Transport · $298M total across 4 segments · Q1 2023

  • Truckload
    $159M
  • Dedicated
    $88.4M
  • Brokerage
    $37.8M
  • Intermodal
    $13.1M

Forward guidance

Marten Transport is focused on minimizing the impact of the freight market while investing in operations to capitalize on profitable organic growth opportunities.

Tailwinds

  • Focus on minimizing the freight market’s impact on operations
  • Investing in and positioning operations to capitalize on profitable organic growth opportunities
  • Aiming for fair compensation for premium services
  • Targeting profitable organic growth across all business operations
  • Positioning for the freight cycle as the market moves toward equilibrium

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 2024

Historical avgQ4 2024

+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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