Marten Transport Files 8-K for Q4/FY23 Financial Results

Ticker: MRTN · Form: 8-K · Filed: Jan 25, 2024 · CIK: 799167

Complexity: simple

Sentiment: neutral

Topics: earnings, financial-results, 8-K, disclosure

TL;DR

**Marten Transport just dropped its Q4/FY23 earnings, giving investors a fresh look at its financial health.**

AI Summary

Marten Transport, Ltd. filed an 8-K on January 25, 2024, to announce its financial results for the fourth quarter and full year ended December 31, 2023. The company also issued a press release on the same date detailing these results. This filing is important for investors as it provides transparency into the company's recent financial performance, allowing them to assess its profitability and operational efficiency, which can influence stock valuation.

Why It Matters

This filing provides investors with crucial financial performance data, enabling them to evaluate Marten Transport's health and make informed decisions about buying, holding, or selling the stock.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently introduce new risks.

Analyst Insight

A smart investor would review the full financial results released by Marten Transport, Ltd. on January 25, 2024, to understand the company's performance and assess its future prospects before making any investment decisions.

Key Players & Entities

FAQ

What is the purpose of this 8-K filing by Marten Transport, Ltd.?

Marten Transport, Ltd. filed this 8-K on January 25, 2024, to report its 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure', indicating the release of its financial results for the fourth quarter and full year ended December 31, 2023, along with a press release.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 25, 2024, which is also the date the report was filed.

What is Marten Transport, Ltd.'s trading symbol and where is its common stock registered?

Marten Transport, Ltd.'s trading symbol is MRTN, and its common stock, with a par value of $.01 per share, is registered on THE NASDAQ STOCK MARKET LLC (NASDAQ GLOBAL SELECT MARKET).

What is the state of incorporation for Marten Transport, Ltd.?

Marten Transport, Ltd. is incorporated in Delaware, as stated in the filing.

What is the business address and phone number of Marten Transport, Ltd. as listed in the filing?

The business address of Marten Transport, Ltd. is 129 Marten Street, Mondovi, Wisconsin, 54755, and its telephone number is (715) 926-4216.

Filing Stats: 1,130 words · 5 min read · ~4 pages · Grade level 10.5 · Accepted 2024-01-25 16:07:40

Filing Documents

02.  Results of Operations and Financial Condition

Item 2.02.  Results of Operations and Financial Condition.   On January 25, 2024, the company issued a press release announcing financial results for the quarter and year ended December 31, 2023. Attached hereto as Exhibit 99.1 is a copy of the company's press release dated January 25, 2024 announcing the company's financial results for this period.   The press release also includes a discussion of operating revenue, net of fuel surcharge revenue; and operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharge revenue. The company provided these additional disclosures because management believes removing these items provide a more consistent basis for comparing results of operations from period to period. These financial measures in the press release have not been determined in accordance with generally accepted accounting principles ("GAAP"). Pursuant to Regulation G, the company has included a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures. For the discussion of operating revenue, net of fuel surcharge revenue; and operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharge revenue, the most directly comparable GAAP financial measures are operating revenue, and operating expenses divided by operating revenue, which are reconciled in the attached Exhibit 99.1.   The information contained in this report and the exhibit hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.   Section 7  – Regulation FD  

01.      Regulation FD Disclosure

Item 7.01.      Regulation FD Disclosure.   Representatives of the company make presentations at investor conferences and in other forums, and these presentations may include the information contained in Exhibit 99.2 attached to this current report on Form 8-K. A copy of the presentation slides containing such information that may be disclosed by the company is attached as Exhibit 99.2 to this report and the information set forth therein is incorporated herein by reference and constitutes a part of this report. The company expects to disclose the information contained in Exhibit 99.2, in whole or in part, and possibly with modifications, in connection with presentations to investors, analysts and others during 2024.   The company is furnishing the information contained in Exhibit 99.2 pursuant to Regulation FD and Item 7.01 of Form 8-K. The information in Exhibit 99.2 shall not be deemed to be "filed" for the purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.   The information contained in Exhibit 99.2 is summary information that is intended to be considered in the context of the company's SEC filings and other public announcements that the company may make, by press release or otherwise, from time to time. The company undertakes no duty or obligation to publicly update or revise the information contained in Exhibit 99.2, although it may do so from time to time as its management believes is warranted. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosure. By filing this current report on Form 8-K and furnishing this information, the company makes no admission as to the materiality of any information contained in this report, including Exhibit 99.2. &

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.     (a)

Financial Statements of Businesses Acquired

Financial Statements of Businesses Acquired .           Not Applicable.         (b)  Pro Forma Financial Information .           Not Applicable.         (c) Shell Company Transactions .           Not Applicable.         (d) Exhibits .     Exhibit No. Description         99.1 Press Release dated January 25, 2024 (included herewith).   99.2 Investor presentation slides used by Marten Transport, Ltd. (included herewith).   104 Cover Page Interactive Data File (embedded within the Inline XBRL document).    

SIGNATURES

SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   MARTEN TRANSPORT, LTD. Dated: January 25, 2024 By /s/  James J. Hinnendael James J. Hinnendael Its: Executive Vice President and     Chief Financial Officer     2

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