Marten Trans Stock Price, News & Analysis

Marten Transport (MRTN) has declared a quarterly cash dividend of $0.04 per share, payable on December 27, 2021, to stockholders of record by December 13, 2021. This marks Marten's 46th consecutive quarterly dividend, bringing the total cash dividends paid since the program's inception to $193.0 million, including $134.9 million in special dividends over the last four years. Marten operates a comprehensive network in temperature-sensitive transportation across the U.S., Canada, and Mexico, catering to high-volume customers.

Marten Transport, Ltd. (MRTN) reported a 17.9% increase in net income for Q3 2021, reaching $21.3 million or 26 cents per diluted share, compared to Q3 2020. Operating revenue rose 16.3% to a record $251.3 million. For the first nine months, net income improved 21.6% to $60.7 million. Fuel surcharge revenue also increased significantly, attributed to higher fuel prices. Operating expenses as a percentage of revenue improved slightly, underscoring the company's efficient management during the ongoing driver shortage and pandemic impact.

Marten Transport has appointed Douglas P. Petit as its new President, effective immediately, succeeding Tim Kohl, who becomes CEO. Pettit, previously COO, has been instrumental in the company's growth and operational strategies since 2019. The transition is part of a broader initiative to develop future leadership and enhance strategic direction. Marten is recognized as a leading temperature-sensitive carrier in the U.S., offering diverse transportation solutions across North America.

Marten Transport, Ltd. (Nasdaq: MRTN) announced a special cash dividend of $0.50 per share and a quarterly cash dividend of $0.04 per share, reflecting its strong financial position. This marks the third consecutive year of special dividends, with the yield now at 4.3%. The dividends, totaling $189.7 million since 2010, are payable on October 4, 2021, to stockholders of record on September 20, 2021. Marten has a diversified business in temperature-sensitive transportation across North America.

Marten Transport, Ltd. reported record financial results for the second quarter ending June 30, 2021, with operating revenue reaching $232.4 million, a 9.4% increase year-over-year. Net income rose by 18.1% to $21.4 million, equating to 26 cents per diluted share. For the first half of 2021, net income improved 23.8% to $39.4 million. Operating income also set a record at $28.5 million, a 12.9% increase compared to the same quarter in 2020. Operating ratio improved significantly, marking the best performance since Marten went public in 1986.

Marten Transport (MRTN) has declared a quarterly cash dividend of $0.04 per share, payable on June 30, 2021, to stockholders of record as of June 16, 2021. This marks the company’s 44th consecutive quarterly dividend, totaling $144.9 million in cash dividends since the program began in Q3 2010. Marten specializes in refrigerated and dry truck-based transportation across the U.S., Canada, and Mexico, focusing on temperature-sensitive products.

Marten Transport (Nasdaq: MRTN) announced the appointment of Tim Kohl as its new Chief Executive Officer, effective immediately, succeeding Randy Marten, who has led the company since 2005. Randy will transition to Executive Chairman, emphasizing the successful completion of the company’s transition into a multifaceted transportation provider. Under Randy’s leadership, operating income grew from $11.4 million in 1993 to $93.2 million in 2020. Tim, who joined in 2007, has been pivotal in this growth and will continue to lead day-to-day operations.

Marten Transport reported a 31.3% increase in net income, reaching $18.0 million or 22 cents per diluted share for Q1 2021, compared to $13.7 million or 17 cents for Q1 2020. Operating revenue rose 2.0% to $223.0 million, while income improved 33.1% to $24.0 million. Operating expenses decreased as a percentage of revenue, improving to 89.2%. The company expects to continue enhancing driver compensation amidst a tightening freight market driven by rising demand and a national driver shortage.

Marten Transport, Ltd. (Nasdaq/GS:MRTN) has declared its quarterly cash dividend of $0.04 per share payable on March 31, 2021, to shareholders recorded by March 17, 2021. This marks Marten's 43rd consecutive quarterly dividend, totaling $141.6 million in cash dividends since the program began in Q3 2010. The company specializes in temperature-sensitive truckload transportation, operating across its five platforms in the U.S., Canada, and Mexico.