Marten Transport, Ltd. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 26, 2021 at 04:01 pm
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Marten Transport, Ltd. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was USD 874.374 million compared to USD 843.271 million a year ago. Operating income was USD 93.246 million compared to USD 76.498 million a year ago. Net income was USD 69.500 million compared to USD 61.071 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 0.75 a year ago. Diluted earnings per share from continuing operations was USD 0.84 compared to USD 0.74 a year ago. For the quarter, sales was USD 227.333 million compared to USD 217.185 million a year ago. Operating income was USD 25.558 million compared to USD 18.787 million a year ago. Net income was USD 19.604 million compared to USD 15.748 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.19 a year ago.
Marten Transport, Ltd. provides temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Its segments include Truckload, Dedicated, Intermodal and Brokerage. Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services. Dedicated segment provides customized transportation solutions utilizing temperature-controlled trailers, dry vans and other specialized equipment within the United States. Intermodal segment transports its customers freight within the United States, utilizing its refrigerated containers on railroad flatcars for portions of trips, with the balance of the trips using its tractors or, to a lesser extent, contracted carriers. Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for its customers.
MARTEN TRANSPORT, LTD. 
