Marten Transport Q3 Revenue Edges Up to $725.6M

TL;DR

**MARTEN TRANSPORT LTD (MRTN) Q3 REVENUE UP SLIGHTLY TO $725.6M YTD. HOLD TIGHT.**

AI Summary

Marten Transport Ltd. reported its Q3 2024 results, with total operating revenue for the nine months ended September 30, 2024, reaching $725.6 million. This represents a slight increase from the $721.1 million reported for the same period in 2023. The company's fiscal year ends on December 31st, and this 10-Q filing covers the period up to September 30, 2024.

Why It Matters

This filing provides insight into the financial performance of a major trucking company, impacting supply chain logistics and the broader transportation sector.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial results, with no immediate red flags or significant negative developments indicated.

Key Numbers

• $725.6M — YTD Operating Revenue (9 Months Ended 09/30/2024) (Represents a slight increase compared to the prior year period.)
• $721.1M — YTD Operating Revenue (9 Months Ended 09/30/2023) (Prior year period for comparison.)

Key Players & Entities

• MARTEN TRANSPORT LTD (company) — Filer
• 20240930 (date) — Reporting Period End Date
• 20241108 (date) — Filing Date
• $725.6 million (dollar_amount) — Total operating revenue for nine months ended September 30, 2024
• $721.1 million (dollar_amount) — Total operating revenue for nine months ended September 30, 2023

FAQ

Filing Documents

• mrtn20240930_10q.htm (10-Q) — 1100KB
• ex_736760.htm (EX-31.1) — 12KB
• ex_736761.htm (EX-31.2) — 13KB
• ex_736762.htm (EX-32.1) — 6KB
• 0001437749-24-034042.txt ( ) — 3738KB
• mrtn-20240930.xsd (EX-101.SCH) — 29KB
• mrtn-20240930_def.xml (EX-101.DEF) — 197KB
• mrtn-20240930_lab.xml (EX-101.LAB) — 182KB
• mrtn-20240930_pre.xml (EX-101.PRE) — 215KB
• mrtn-20240930_cal.xml (EX-101.CAL) — 29KB
• mrtn20240930_10q_htm.xml (XML) — 423KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. MARTEN TRANSPORT, LTD. CONSOLIDATED CONDENSED BALANCE SHEETS September 30, December 31, (In thousands, except share information) 2024 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 42,990 $ 53,213 Receivables: Trade, net 93,539 105,501 Other 6,893 10,356 Prepaid expenses and other 26,853 27,512 Total current assets 170,275 196,582 Property and equipment: Revenue equipment, buildings and land, office equipment and other 1,192,736 1,162,336 Accumulated depreciation ( 364,712 ) ( 370,103 ) Net property and equipment 828,024 792,233 Other noncurrent assets 1,705 1,524 Total assets $ 1,000,004 $ 990,339 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 47,282 $ 36,516 Insurance and claims accruals 42,946 47,017 Accrued and other current liabilities 26,521 26,709 Total current liabilities 116,749 110,242 Deferred income taxes 116,443 122,462 Noncurrent operating lease liabilities 351 249 Total liabilities 233,543 232,953 Stockholders' equity: Preferred stock, $ .01 par value per share; 2,000,000 shares authorized; no shares issued and outstanding - - Common stock, $ .01 par value per share; 192,000,000 shares authorized; 81,447,838 shares at September 30, 2024, and 81,312,168 shares at December 31, 2023, issued and outstanding 814 813 Additional paid-in capital 52,225 49,789 Retained earnings 713,422 706,784 Total stockholders' equity 766,461 757,386 Total liabilities and stockholders' equity $ 1,000,004 $ 990,339 The accompanying notes are an integral part of these consolidated condensed financial statements. 1 MARTEN TRANSPORT, LTD. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) Three Months Nine Months Ended September 30, Ended September 30, (In thousands, except per share information) 2024 2023 2024 2023 Operating revenu

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View this 10-Q filing on SEC EDGAR