MARTEN TRANSPORT, LTD. (NASDAQ:MRTN) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
On January 24, 2019, the company issued a press release announcing financial results for the quarter and year ended December 31, 2018. Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated January 24, 2019 announcing the company’s financial results for this period.
The press release also includes a discussion of diluted earnings per share and net income, net of a deferred income taxes benefit; operating revenue, net of fuel surcharge revenue; and operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharge revenue. The company provided these additional disclosures because management believes removing these items provide a more consistent basis for comparing results of operations from period to period. These financial measures in the press release have not been determined in accordance with generally accepted accounting principles (“GAAP”). to RegulationG, the company has included a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures. For the discussion of diluted earnings per share, net of a deferred income taxes benefit; net income, net of the deferred income taxes benefit; operating revenue, net of fuel surcharge revenue; and operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharge revenue, the most directly comparable GAAP financial measures are diluted earnings per share, net income, operating revenue, and operating expenses divided by operating revenue, which are reconciled in the attached Exhibit 99.1.
The information contained in this report and the exhibit hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Section 9 – Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
|(a)||Financial Statements of Businesses Acquired.|
|(b)||Pro Forma Financial Information.|
|(c)||Shell Company Transactions.|
MARTEN TRANSPORT LTD Exhibit
EX-99.1 2 ex_133333.htm EXHIBIT 99.1 ex_133333.htm Exhibit 99.1 MARTEN TRANSPORT ANNOUNCES FOURTH QUARTER AND YEAR END RESULTS Reports highest operating income and operating revenue for any quarter and year in Company history MONDOVI,…
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About MARTEN TRANSPORT, LTD. (NASDAQ:MRTN)
Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage. Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services. The Dedicated segment provides temperature-controlled trailers, dry vans and other specialized equipment within the United States. The Intermodal segment transports its customers’ freight within the United States. The Brokerage segment arranges for smaller third-party carriers to transport freight for its customers in temperature-controlled trailers and dry vans. It operates throughout the United States and in parts of Canada and Mexico.