Marten Transport(MRTN)2025-01-27 21:07Financial Performance - Net income for Q4 2024 was 0.07 per diluted share, down from 0.15 per diluted share in Q4 2023[1] - For the full year 2024, net income was 0.33 per diluted share, compared to 0.86 per diluted share in 2023[1] - Operating income for Q4 2024 was 15.7 million in Q4 2023, but improved 57.6% sequentially from Q3 2024[4] - Total operating income dropped to 15,657 in Q4 2023[16] - Truckload operating income for the year decreased by 86.8% to 24,835 in 2023[18] Revenue Trends - Operating revenue for Q4 2024 was 268.2 million in Q4 2023; excluding fuel surcharges, it was 229.4 million[2] - Operating revenue for 2024 totaled 1.131 billion in 2023; excluding fuel surcharges, it was 972.0 million[3] - Total operating revenue for Q4 2024 was 268,222 in Q4 2023[16] - For the year ended December 31, 2024, total operating revenue was 1,131,455 in 2023[18] Revenue Breakdown - Truckload revenue, net of fuel surcharge revenue, decreased by 2.5% to 95,461 in Q4 2023[16] - Dedicated revenue, net of fuel surcharge revenue, fell by 16.4% to 77,731 in Q4 2023[16] - Intermodal revenue, net of fuel surcharge revenue, decreased by 28.0% to 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 38,045 in Q4 2023[20] - Total current assets decreased to 196.6 million in 2023[12] - Total liabilities decreased to 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 4,183 in Q4 2023[20] Fuel Surcharge Impact - Fuel surcharge revenue decreased to 38.8 million in Q4 2023[2]