Core Viewpoint - Marten Transport, Ltd. (NASDAQ: MRTN) reported its Q4 and full-year 2024 earnings, which were not well received by the investing community [1] Financial Performance - The earnings report for Q4 and the full year 2024 did not meet positive expectations from investors [1]

Company Performance - Marten Transport, Ltd. (MRTN) reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, but down from $0.15 per share a year ago, indicating a 53.33% year-over-year decline [1] - The company achieved an earnings surprise of 16.67% for the quarter, while the previous quarter saw a negative surprise of -28.57% [1][2] - Revenues for the quarter were $230.43 million, missing the Zacks Consensus Estimate by 2.77% and down from $268.22 million year-over-year, reflecting a decline of 14.06% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $235 million, and for the current fiscal year, it is $0.43 on revenues of $978 million [7] - The trend of estimate revisions for Marten Transport has been unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Transportation - Truck industry, to which Marten Transport belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment and stock performance [5]

Financial Performance - Net income for Q4 2024 was $5.6 million, or $0.07 per diluted share, down from $12.4 million, or $0.15 per diluted share in Q4 2023[1] - For the full year 2024, net income was $26.9 million, or $0.33 per diluted share, compared to $70.4 million, or $0.86 per diluted share in 2023[1] - Operating income for Q4 2024 was $6.7 million, down from $15.7 million in Q4 2023, but improved 57.6% sequentially from Q3 2024[4] - Total operating income dropped to $6,727 in Q4 2024, down 57.0% from $15,657 in Q4 2023[16] - Truckload operating income for the year decreased by 86.8% to $3,283 from $24,835 in 2023[18] Revenue Trends - Operating revenue for Q4 2024 was $230.4 million, a decrease from $268.2 million in Q4 2023; excluding fuel surcharges, it was $202.9 million compared to $229.4 million[2] - Operating revenue for 2024 totaled $963.7 million, down from $1.131 billion in 2023; excluding fuel surcharges, it was $840.0 million compared to $972.0 million[3] - Total operating revenue for Q4 2024 was $230,432, a decrease of 14.1% compared to $268,222 in Q4 2023[16] - For the year ended December 31, 2024, total operating revenue was $963,708, a decline of 14.8% from $1,131,455 in 2023[18] Revenue Breakdown - Truckload revenue, net of fuel surcharge revenue, decreased by 2.5% to $93,106 in Q4 2024 from $95,461 in Q4 2023[16] - Dedicated revenue, net of fuel surcharge revenue, fell by 16.4% to $64,997 in Q4 2024 compared to $77,731 in Q4 2023[16] - Intermodal revenue, net of fuel surcharge revenue, decreased by 28.0% to $11,238 in Q4 2024 from $15,610 in Q4 2023[16] Operating Expenses and Ratios - Operating expenses as a percentage of operating revenue were 97.1% for Q4 2024, compared to 94.2% for Q4 2023[5] - The consolidated operating ratio increased to 97.1% in Q4 2024 from 94.2% in Q4 2023[16] Cash Flow and Assets - Net cash provided by operating activities for Q4 2024 was $23,793, down from $38,045 in Q4 2023[20] - Total current assets decreased to $138.5 million in 2024 from $196.6 million in 2023[12] - Total liabilities decreased to $200.8 million in 2024 from $233.0 million in 2023[12] Performance Trends - The company reported a sequential improvement in net income, operating income, and operating ratio since Q2 2022, indicating a positive trend in performance[7] - Average revenue per tractor per week for the Truckload segment was $4,227 in Q4 2024, slightly up from $4,183 in Q4 2023[20] Fuel Surcharge Impact - Fuel surcharge revenue decreased to $27.6 million in Q4 2024 from $38.8 million in Q4 2023[2]

Core Viewpoint - Marten Transport, Ltd. reported a decline in net income and operating revenue for both the fourth quarter and the full year of 2024 compared to 2023, although there was a sequential improvement in net income and operating income from the third quarter of 2024 [1][4][3]. Financial Performance - For Q4 2024, net income was $5.6 million (7 cents per diluted share), down from $12.4 million (15 cents per diluted share) in Q4 2023, but up 50.1% sequentially from Q3 2024's net income of $3.8 million (5 cents per diluted share) [1]. - Total operating revenue for Q4 2024 was $230.4 million, a decrease from $268.2 million in Q4 2023, with fuel surcharge revenue dropping to $27.6 million from $38.8 million [2]. - For the full year 2024, net income was $26.9 million (33 cents per diluted share), compared to $70.4 million (86 cents per diluted share) in 2023 [1]. - Total operating revenue for 2024 was $963.7 million, down from $1.131 billion in 2023, with fuel surcharge revenue decreasing to $123.7 million from $159.4 million [3]. Operating Income and Expenses - Operating income for Q4 2024 was $6.7 million, down from $15.7 million in Q4 2023, but improved 57.6% from Q3 2024's operating income of $4.3 million [4]. - For the full year 2024, operating income was $33.2 million, compared to $90.1 million in 2023 [4]. - Operating expenses as a percentage of operating revenue were 97.1% for Q4 2024, compared to 94.2% for Q4 2023 [5]. Segment Performance - Truckload revenue for Q4 2024 was $107.3 million, down 5.5% from $113.5 million in Q4 2023 [16]. - Dedicated revenue for Q4 2024 was $76.4 million, a decrease of 19.6% from $95.0 million in Q4 2023 [16]. - Intermodal revenue for Q4 2024 was $13.2 million, down 30.8% from $19.1 million in Q4 2023 [16]. - Brokerage revenue for Q4 2024 was $33.5 million, a decline of 17.4% from $40.6 million in Q4 2023 [16]. Operational Metrics - The average revenue per tractor per week for the Truckload segment was $4,227 in Q4 2024, compared to $4,183 in Q4 2023 [19]. - The average number of tractors in the Truckload segment was 1,676 in Q4 2024, down from 1,737 in Q4 2023 [19]. - The total miles driven in the Truckload segment for Q4 2024 were 39,147 thousand, compared to 39,278 thousand in Q4 2023 [19]. Strategic Outlook - The Executive Chairman expressed optimism about sequential improvements in net income, operating income, and operating ratios, indicating a focus on minimizing market impacts and positioning for organic growth opportunities [7].

Company Performance - Marten Transport reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share, and down from $0.17 per share a year ago, representing an earnings surprise of -28.57% [1] - The company posted revenues of $237.37 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.72%, and down from $279.54 million year-over-year [1] - Over the last four quarters, Marten Transport has not surpassed consensus EPS or revenue estimates [1] Stock Performance - Marten Transport shares have declined approximately 18.4% since the beginning of the year, contrasting with the S&P 500's gain of 22.5% [2] - The current Zacks Rank for Marten Transport is 4 (Sell), indicating expected underperformance in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $247 million, and for the current fiscal year, it is $0.41 on revenues of $987 million [4] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [4] Industry Context - The Transportation - Truck industry is currently in the bottom 11% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [5] - Another trucking company, Saia, is expected to report quarterly earnings of $3.56 per share, reflecting a year-over-year change of -3%, with revenues projected at $839.81 million, up 8.3% from the previous year [5]

Exhibit 99.1 MONDOVI, Wis., July 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $7.9 million, or 10 cents per diluted share, for the second quarter ended June 30, 2024, compared with $21.9 million, or 27 cents per diluted share, for the second quarter of 2023. For the six-month period ended June 30, 2024, net income was $17.5 million, or 22 cents per diluted share, compared with $44.4 million, or 55 cents per diluted share, for the 2023 six-month period. Op ...

MARTEN TRANSPORT, LTD. SEGMENT INFORMATION (Unaudited) (2 ) Represents the percentage of miles for which the company is not compensated. | --- | --- | --- | |-------------------------------------------------------------------|--------------------|--------------| | | | | | | June 30, | December 31, | | (In thousands, except share information) | 2024 (Unaudited) | 2023 | | ASSETS | | | | Current assets: | | | | Cash and cash equivalents | $ 77,199 | $ 53,213 | | Receivables: | | | | Trade, net | 99,926 | 105, ...

MONDOVI, Wis., July 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $7.9 million, or 10 cents per diluted share, for the second quarter ended June 30, 2024, compared with $21.9 million, or 27 cents per diluted share, for the second quarter of 2023. For the six-month period ended June 30, 2024, net income was $17.5 million, or 22 cents per diluted share, compared with $44.4 million, or 55 cents per diluted share, for the 2023 six-month period. Operating reven ...

phaisarn2517 Usually, when I write a company a 'hold', it is my statement that I believe that shares of that business should see upside or downside that is more or less in line with the broader market. But every so often, this call proves incorrect. After all, nobody is perfect. A good example of one company where this did not work out is in the case of Marten Transport (NASDAQ:MRTN), a logistics business that focuses on a variety of transportation activities, particularly refrigerated and dry truck-based t ...

Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarter ended March 31, 2024 129 Marten Street Mondovi, Wisconsin 54755 715-926-4216 (Address of principal executive offices) (Registrant's telephone number) Delaware 39-1140809 (State of incorporation) (I.R.S. employer identification no. ...