Quarterly ResultMay 8, 2026, 07:26 AM
Marten Transport Q1 Revenue Down 8.8% to $203.5M; Net Income -68.1% to $1.4M
AI Summary
Marten Transport reported a significant decline in its first-quarter 2026 financial results, with net income falling 68.1% to $1.4 million and operating revenue decreasing 8.8% to $203.5 million compared to Q1 2025. Diluted EPS dropped to $0.02 from $0.05. Operating income also saw a substantial 72.8% reduction to $1.6 million. The company's Intermodal business was sold in September 2025, and it continues to face ongoing legal actions, including class action lawsuits related to wage and hour laws.
Key Highlights
- Net income for Q1 2026 was $1.4 million, a 68.1% decrease from $4.3 million in Q1 2025.
- Operating revenue for Q1 2026 decreased 8.8% to $203.5 million from $223.2 million in Q1 2025.
- Diluted earnings per common share for Q1 2026 was $0.02, down from $0.05 in Q1 2025.
- Operating income declined 72.8% to $1.6 million in Q1 2026 from $5.9 million in Q1 2025.
- Truckload segment operating income was a loss of $0.9 million in Q1 2026, compared to a loss of $0.3 million in Q1 2025.
- Dedicated segment operating income decreased to $1.6 million in Q1 2026 from $4.9 million in Q1 2025.
- Brokerage segment operating income decreased to $0.9 million in Q1 2026 from $2.2 million in Q1 2025.
- Cash and cash equivalents increased to $69.8 million at March 31, 2026, from $43.3 million at December 31, 2025.
Price Impact
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