Marten Transport, Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
January 26, 2018 at 02:31 am IST
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Marten Transport, Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported operating revenue of $182,771,000 against $172,661,000 a year ago. Operating income was $14,333,000 against $14,533,000 a year ago. Income before income taxes was $14,224,000 against $14,090,000 a year ago. Net income was $65,074,000 against $8,303,000 a year ago. Diluted earnings per share were $1.18 against $0.15 per share a year ago. Net cash provided by operating activities was $27,169,000 against $29,531,000 a year ago.
For the year, the company reported operating revenue of $698,120,000 against $671,144,000 a year ago. Operating income was $56,862,000 against $58,303,000 a year ago. Income before income taxes was $56,473,000 against $57,066,000 a year ago. Net income was $90,284,000 against $33,464,000 a year ago. Diluted earnings per share were $1.65 against $0.61 per share a year ago. Net cash provided by operating activities was $121,879,000 against $133,801,000 a year ago.
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.
MARTEN TRANSPORT, LTD. 
