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 April 20, 2017, the company issued a press release announcing
financial results for the quarter ended March 31, 2017. Attached
hereto as Exhibit 99.1 is a copy of the companys press release
dated April 20, 2017 announcing the companys financial results
for this period.
The press release also includes a discussion of 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 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
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. |
| Not Applicable. | ||
| (b) | Pro Forma Financial Information. | |
| Not Applicable. | ||
| (c) | Shell Company Transactions. | |
| Not Applicable. | ||
| (d) | Exhibits. |
|
Exhibit No. |
Description |
|
|
99.1 |
Press Release dated April 20, 2017 (included herewith). |
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. MARTEN TRANSPORT, LTD. (NASDAQ:MRTN) Recent Trading Information
MARTEN TRANSPORT, LTD. (NASDAQ:MRTN) closed its last trading session up +0.30 at 22.00 with 284,370 shares trading hands.
