Marten Transport | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 220.47 M

Revenue: As of FY2025 Q3, the actual value is USD 220.47 M, missing the estimate of USD 225.29 M.

EPS: As of FY2025 Q3, the actual value is USD 0.03.

EBIT: As of FY2025 Q3, the actual value is USD 2.525 M.

Truckload Segment

• Revenue: $315.7 million for the nine months ended September 30, 2025, down from $332.5 million in 2024, a decrease of 5.1%.
• Operating Income: $42,000 for the nine months ended September 30, 2025, down from $1.5 million in 2024, a decrease of 97.1%.
• Operating Ratio: 100.0% for the nine months ended September 30, 2025, compared to 99.6% in 2024.

Dedicated Segment

• Revenue: $212.5 million for the nine months ended September 30, 2025, down from $242.7 million in 2024, a decrease of 12.5%.
• Operating Income: $13.7 million for the nine months ended September 30, 2025, down from $19.0 million in 2024, a decrease of 27.7%.
• Operating Ratio: 93.5% for the nine months ended September 30, 2025, compared to 92.2% in 2024.

Intermodal Segment

• Revenue: $33.7 million for the nine months ended September 30, 2025, down from $45.5 million in 2024, a decrease of 26.1%.
• Operating Loss: -$1.9 million for the nine months ended September 30, 2025, compared to -$2.4 million in 2024, an improvement of 22.2%.
• Operating Ratio: 105.6% for the nine months ended September 30, 2025, compared to 105.3% in 2024.

Brokerage Segment

• Revenue: $111.7 million for the nine months ended September 30, 2025, down from $112.5 million in 2024, a decrease of 0.7%.
• Operating Income: $6.5 million for the nine months ended September 30, 2025, down from $8.5 million in 2024, a decrease of 23.8%.
• Operating Ratio: 94.2% for the nine months ended September 30, 2025, compared to 92.5% in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $87.9 million for the nine months ended September 30, 2025, down from $111.0 million in 2024.
• Net Cash Used for Investing Activities: -$35.7 million for the nine months ended September 30, 2025, compared to -$107.2 million in 2024.
• Net Cash Used for Financing Activities: -$14.9 million for the nine months ended September 30, 2025, compared to -$14.0 million in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue investing in new revenue equipment with estimated capital expenditures of approximately $28 million for the remainder of 2025.
• Non-Core Business: The company completed the sale of its Intermodal business assets to Hub Group, Inc. for $51.8 million in cash, with no gain or loss on the transaction.