Marten Transport Announces First Quarter Results

by Marie Rodriguez

MONDOVI, Wis., April sixteen, 2019 (GLOBE NEWSWIRE) — Marten Transport, Ltd. (Nasdaq/GS: MRTN) nowadays said a 31.1% development in internet profits to $13.Five million, or 25 cents in line with diluted share, for the primary sector ended March 31, 2019, from $10.Three million, or 19 cents in keeping with diluted share, for the primary zone of 2018.

Operating sales advanced 6.Five% to $199.0 million for the first quarter of 2019 from $187.0 million for the first sector of 2018, and improved 12.Three% to $799.7 million for the trailing three hundred and sixty-five days ended March 31, 2019, from $711.Nine million for a similar length ended March 31, 2018. Excluding gasoline surcharges, working revenue improved 7.1% to $a hundred seventy-five—five million for the 2019 area from $163.8 million for the 2018 area. Fuel surcharge revenue elevated barely to $23.6 million from $23.1 million over the same intervals.

Operating earnings stepped forward 30.4% to $17.7 million for the primary zone of 2019 from $thirteen.6 million for the first sector of 2018 and progressed 31—Eight% to $74.Five million for the trailing 365 days ended March 31, 2019, from $ fifty-six. Five million for a similar period ended March 31, 2018.

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