Marten Transport Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
January 23, 2013 at 02:31 am IST
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Marten Transport Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported operating revenue of $166,412,000 against $158,340,000 in the same period of last year. Operating income was $13,211,000 against $12,951,000 in the same period of last year. Income before income taxes was $13,219,000 against $12,969,000 in the same period of last year. Income before income taxes attributable to the company was $13,189,000 against $12,870,000 in the same period of last year. Diluted earnings per common share were $0.35 against $0.35 in the same period of last year. Net cash provided by operating activities was $22,750,000 against $25,462,000 in the same period of last year.
For the full year, the company reported operating revenue of $638,456,000 against $603,679,000 in the same period of last year. Operating income was $45,853,000 against $43,030,000 in the same period of last year. Income before income taxes was $45,901,000 against $43,054,000 in the same period of last year. Income before income taxes attributable to the company was $45,404,000 against $42,247,000 in the same period of last year. Net income was $27,267,000 against $24,285,000 in the same period of last year. Diluted earnings per common share were $1.23 against $1.10 in the same period of last year. Net cash provided by operating activities was $85,539,000 against $86,206,000 in the same period of last year. The company announced that it is encouraged by the continued solid results which are driven by the ongoing profitable development and growth of the regional, intermodal, brokerage and MRTN de Mexico operations in collaborative relationships with the customers.
Marten Transport, Ltd. provides temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Its segments include Truckload, Dedicated, Intermodal and Brokerage. Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services. Dedicated segment provides customized transportation solutions utilizing temperature-controlled trailers, dry vans and other specialized equipment within the United States. Intermodal segment transports its customers freight within the United States, utilizing its refrigerated containers on railroad flatcars for portions of trips, with the balance of the trips using its tractors or, to a lesser extent, contracted carriers. Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for its customers.