Marten Transport (MRTN) Q3 FY2023 earnings: revenue $280 million, down 13.8% on the year

Marten Transport Ltd. (MRTN) reported revenue of $280 million for Q3 FY2023, the quarter ended 30 September 2023, down 13.8% on the same quarter a year earlier. Net income was $14 million, down 47.0% on the year, and diluted earnings per share $0.17. The figures are the company's own, from the 10-Q it filed with the SEC on 8 November 2023.

Revenue$280 milliondown 13.8%

Net income$14 milliondown 47.0%

Diluted EPS$0.17

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	280	n/a	n/a	n/a
Operating income	17.2	n/a	n/a	n/a
Operating margin	6.2%	n/a	n/a
Pre-tax income	18.2	n/a	n/a	n/a
Income tax	4.6	n/a	n/a	n/a
Effective tax rate	25.5%	n/a	n/a
Net income	13.6	n/a	n/a	n/a
Net margin	4.9%	n/a	n/a
Diluted EPS	$0.17	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	28.1	n/a	n/a	n/a
Cash from investing	-35.8	n/a	n/a	n/a
Cash from financing	-4.8	n/a	n/a	n/a
Share-based compensation	0.5	n/a	n/a	n/a
Buybacks	0.0	n/a	n/a	n/a
Dividends paid	4.9	n/a	n/a	n/a
Dividend per share	$0.06	n/a	n/a	n/a
Diluted shares, weighted	81m	n/a	n/a	n/a
Shares outstanding at period end	81m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	749	n/a	n/a	n/a
Debt	0.0	n/a	n/a	n/a
Operating lease liabilities	0.3	n/a	n/a	n/a
Other liabilities	248	n/a	n/a	n/a
Total liabilities and equity	997	n/a	n/a	n/a
Fixed assets	771	n/a	n/a	n/a
Cash and equivalents	68.1	n/a	n/a	n/a
Receivables	118	n/a	n/a	n/a
Other assets	40.3	n/a	n/a	n/a
Total assets	997	n/a	n/a	n/a

Questions

What was Marten Transport's revenue in Q3 FY2023?

Marten Transport (MRTN) reported revenue of $280 million for Q3 FY2023, the quarter ended 30 September 2023, down 13.8% on the same quarter a year earlier.

How much did Marten Transport earn in Q3 FY2023?

Net income for Q3 FY2023 was $14 million, down 47.0% on the year, and diluted earnings per share $0.17.

When did Marten Transport report Q3 FY2023 results?

Marten Transport filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 8 November 2023.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	280	268	250	246	237	230	223	230	220	210	204	224
Operating income	17.2	15.7	12.2	10.0	4.3	6.7	5.9	9.7	2.7	4.6	1.6	6.9
Operating margin	6%	6%	5%	4%	2%	3%	3%	4%	1%	2%	1%	3%
Pre-tax income	18.2	16.5	13.0	11.0	5.2	7.1	6.2	10.2	3.0	5.0	2.0	7.6
Tax rate	25%	25%	26%	28%	28%	21%	30%	29%	25%	27%	33%	30%
Net income	13.6	12.4	9.6	7.9	3.8	5.6	4.3	7.2	2.2	3.7	1.4	5.3
Net margin	5%	5%	4%	3%	2%	2%	2%	3%	1%	2%	1%	2%
Diluted EPS	$0.17	$0.15	$0.12	$0.10	$0.05	$0.07	$0.05	$0.09	$0.03	$0.04	$0.02	$0.07
Operating cash flow	28.1	38.0	45.7	35.8	29.5	23.8	36.2	33.2	18.5	5.6	33.0	27.7
Buybacks	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	4.9	4.9	4.9	4.9	4.9	4.9	4.9	4.9	4.9	4.9	4.9	4.9
Shares outstanding	81m	81m	81m	81m	81m	81m	81m	82m	82m	82m	82m	82m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 8 November 2023, accession 0001437749-23-030762: the filing on EDGAR. All of Marten Transport Ltd.'s filings: EDGAR company page.

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