$14.360
-0.099 (-0.69%)收盤時
MRTN 資訊
MRTN 事件
Marten Reports Q2 Revenue of $223.543M
Reports Q2 revenue $223.543M, consensus $227.27M. Chairman of the Board and Chief Executive Officer Randolph L. Marten stated, "We are encouraged by the sequential improvement in profitability in each of our truckload, dedicated and brokerage operations this quarter. The freight market has sharply tightened in recent months and is now breaking out from the longest freight market recession on record. This market recovery is driven by structural changes, including accelerating federal enforcement of noncompliant state licensing practices for non-domiciled commercial driver's licenses, or CDL's, English Language Proficiency requirements, electronic logging device fraud, CDL mills and chameleon carriers. These measures, along with the U.S. Supreme Court's Montgomery broker-liability ruling, which held that negligent hiring claims against freight brokers are not preempted by federal law, are contracting meaningful levels of freight capacity by removing noncompliant and unqualified drivers."
Company Reports Q1 Revenue of $203.53M
Reports Q1 revenue $203.53M, consensus $211.22M. Chairman of the board and CEO Randolph Marten stated, "Our people drove sequential increases in our revenue per tractor within our truckload and dedicated operations each of the last two quarters. This impact on our earnings was more than offset by the prolonged severe winter storms and the sharp spike in diesel prices in the first quarter."
Company Reports Q4 Revenue of $210.11M
Reports Q4 revenue $210.11M, consensus $206.12M. Chairman of the board and CEO Randolph Marten stated, "We are encouraged by the sequential improvement in our profitability. Our people also drove sequential increases this quarter in our revenue per tractor, rate per total mile and miles per tractor within each of our truckload and dedicated operations."
Marten Transport announces Q3 earnings per share of 3 cents, below consensus estimate of 4 cents.
Reports Q3 revenue $220.47M, consensus $225.29M. Chairman of the board and CEO Randolph Marten stated, "Our earnings have continued to be significantly pressured by the historic duration and depth of the freight market recession's oversupply and weak demand -- and the cumulative impact of inflationary operating costs, unacceptable freight rate reductions and freight network disruptions. Our unique multifaceted business model's value continued to be highlighted by the operating results of our dedicated and brokerage operations for the first nine months of this year and throughout last year."
Marten Transport CEO Timothy Kohl to Step Down, Randolph Marten to Take Over
Marten Transport announced that Timothy Kohl, the company's CEO, has decided to retire from his role as CEO effective September 30. Randolph Marten, the company's executive chairman of the board of directors and previous CEO, has been named chairman of the board of directors and CEO, effective October 1. Marten has been a full-time employee of the company since 1974. Marten has been a director since October 1980 and executive chairman of the board since May 2021.
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