Marten Transport Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
January 26, 2017 at 04:01 pm
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Marten Transport Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported operating revenue of USD 172,661,000 compared to USD 168,773,000 a year ago. Operating income was USD 14,533,000 compared to USD 15,237,000 a year ago. Income before income taxes was USD 14,090,000 compared to USD 15,012,000 a year ago. Net income was USD 8,303,000 or USD 0.25 per basic and diluted share compared to USD 8,790,000 or USD 0.26 per basic and diluted share a year ago. Net cash provided by operating activities was USD 29,425,000 compared to USD 26,816,000 a year ago.
For the year, the company reported operating revenue of USD 671,144,000 compared to USD 664,994,000 a year ago. Operating income was USD 58,303,000 compared to USD 61,063,000 a year ago. Income before income taxes was USD 57,066,000 compared to USD 60,691,000 a year ago. Net income was USD 33,464,000 or USD 1.02 per diluted share compared to USD 35,745,000 or USD 1.06 per diluted share a year ago. Net cash provided by operating activities was USD 133,566,000 compared to USD 128,238,000 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. 
