Marten Transport Full Year 2024 Earnings: EPS Beats Expectations

Marten Transport (NASDAQ:MRTN) Full Year 2024 Results

Key Financial Results

• Revenue: US$963.7m (down 15% from FY 2023).
• Net income: US$26.9m (down 62% from FY 2023).
• Profit margin: 2.8% (down from 6.2% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.33 (down from US$0.87 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Marten Transport EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%.

The primary driver behind last 12 months revenue was the Truckload (Excl. Dedicated) segment contributing a total revenue of US$439.8m (46% of total revenue). Notably, cost of sales worth US$730.4m amounted to 76% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$111.7m (54% of total expenses). Explore how MRTN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Marten Transport that you should be aware of.

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