MRTN
Marten Transport, Ltd.11.63
-0.12-1.02%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
948.08MP/E (TTM)
48.46Basic EPS (TTM)
0.24Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Marten Transport posted FY2025 operating revenue of $883.7M, down 8.3% y/y, with net income at $17.4M or $0.21 diluted EPS amid a weak freight market. Revenue net of fuel surcharges fell 7.3% to $779.0M, Truckload off 3.6% on smaller fleets yet higher revenue per tractor, Dedicated down 11.4%, Intermodal plunging 41.9% before its Q4 sale, while Brokerage eked up 2.6%. Operating ratio slipped to 97.4% from 96.6%, pressured by insurance and claims yet buoyed by $12.1M equipment gains. Q4 Intermodal divestiture sharpened focus; $0.06/share quarterly dividends totaled $19.6M, no buybacks, $48.3M cash, no debt. Driver shortages crimp capacity.
8-K
Q4 earnings down YoY, up QoQ
Marten Transport reported Q4 2025 net income of $3.7M (5¢/diluted share), down from $5.6M last year yet up 66% sequentially on $210.1M revenue. Dedicated revenue fell 13.7% while brokerage grew 13.8%; Intermodal vanished post-sale. Profitability squeezed by freight recession, but debt-free balance sheet positions for growth amid tighter immigration rules.
10-Q
Q3 FY2025 results
Marten Transport's Q3 revenue fell 7.1% y/y to $220.5M while operating income dropped 35.9% to $2.7M, pressured by fleet shrinkage across segments yet offset by Dedicated's margin gains to 94.9%. Diluted EPS held at $0.03, matching 81,527k weighted shares with minor anti-dilution from options. Cash swelled to $49.5M plus $5.0M escrow after $87.9M YTD operating cash flow; no debt drawn on $30M facility with $5.9M availability. Closed Intermodal asset sale to Hub Group on Sep 30 for $51.8M cash, no gain/loss. Truckload drags at 101.9% operating ratio. Solid balance sheet endures. Tariffs threaten shipping volumes.
8-K
Q3 earnings dip; intermodal sold
Marten Transport reported Q3 net income of $2.2 million, down from $3.8 million last year, as operating revenue fell 7.1% to $220.5 million amid freight recession pressures. The company sold its intermodal assets to Hub Group for $51.8 million in cash, effective September 30, sharpening focus on core truckload and dedicated operations. Dedicated and brokerage units held steady, while truckload posted a loss. Strong balance sheet aids tech investments.
8-K
CEO Kohl retires with severance
Marten Transport's CEO Timothy M. Kohl retired effective September 30, 2025, as previously announced, finalizing his separation with a $620,000 lump-sum severance and three months of COBRA premium coverage. The agreement includes Kohl's release of all claims against the company, plus covenants for cooperation, non-disparagement, confidentiality, and a one-year non-solicitation of employees and customers. Leadership transition smooth. This caps a planned handover, minimizing disruptions while securing executive commitments.
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