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MARTEN TRANSPORT REPORTS RECORD REVENUES AND INCOME FOR FISCAL YEAR AND FOURTH QUARTER

 MONDOVI, Wis., March 11 /PRNewswire/ -- Marten Transport, Ltd. (NASDAQ: MRTN) today reported revenues of $98.2 million for the fiscal year ended Dec. 31, 1992, up 12 percent from revenues of $87.8 million in 1991. Net income for 1992 improved 63 percent to $3.4 million, or $1.00 per share. This compares with income of $2.1 million, or 62 cents per share, in 1991, before the cumulative effect of a change in the method of revenues recognition.
 Effective Jan. 1, 1991, Marten changed its method of recognizing revenues and related expenses, resulting in a one-time, non-operating charge of $143,000, or 5 cents per share, to after-tax earnings in 1991.
 Operating income for 1992 rose to $7.7 million from $5.8 million for 1991. Marten's operating ratio, which compares operating costs to revenues, declined to 92.2 percent from 93.3 percent last year.
 For the fourth quarter ended Dec. 31, 1992, Marten posted revenues of $26.0 million, up 18 percent from $22.0 million for the same period in 1991. Net income for the quarter was $916,000, or 27 cents per share, compared with $485,000, or 15 cents per share, in 1991. Operating income for the 1992 fourth quarter was $2.0 million, versus $1.3 million for the 1991 period. The fourth-quarter 1992 operating ratio decreased to 92.3 percent from 93.9 percent in the year-earlier period.
 "We are extremely pleased with our results for the quarter and year- end," said Roger R. Marten, chairman of the board and chief executive officer. "In our business, we must maintain tight control of expenses while providing top-quality customer service in order to remain competitive. In 1992, we refined our fleet management and customer service programs which undoubtedly had a positive effect on our increased revenues and net income."
 Marten Transport, Ltd., with headquarters in Mondovi, provides time- and temperature-sensitive truckload motor carrier services to customers nationwide. The company serves customers with more dm?anding delivery deadlines or those who ship products requiring modern temperature- controlled trailers to protect goods. The company's common stock is traded on the NASDAQ National Market System under the symbol MRTN.
 MARTEN TRANSPORT, LTD.
 STATEMENTS OF OPERATIONS AND RETAINED EARNINGS
 (In thousands, except per share amounts)
 Three Months Ended 12 Months Ended
 12/31/92 12/31/91 12/31/92 12/31/91
 Operating revenues $26,006 $22,039 $98,194 $87,763
 Operating expenses 24,003 20,693 90,516 81,917
 Operating income 2,003 1,346 7,678 5,846
 Other expenses (income):
 Interest expense 587 653 2,330 2,771
 Interest income and other (65) (95) (261) (373)
 -- 522 558 2,069 2,398
 Income before income
 taxes and cumulative
 e ?of change in
 accounting principle 1,481 788 5,609 3,448
 Provision for income taxes 565 303 2,175 1,340
 Income before cumulative
 effect of change in
 accounting principle 916 485 3,434 2,108
 Cumulative effect of
 change in the method
 of revenues recognition -- -- -- (143)
 Net income $916 $485 $3,434 $1,965
 Retained Earnings:
 Beginning of period 16,569 13,566 14,051 12,086
 End of period $17,485 $14,051 $17,485 $14,051
 Earnings per share data:
 Income before cumulative
 effect of change in
 accounting principle $.27 $.15 $1.00 $.62
 Cumulative effect of
 change in the method
 of revenues recognition -- -- -- (.05)
 Net income per common and
 common equivalent share $.27 $.15 $1.00 $.57
 Weighted average common
 and common equivalent
 shares outstanding 3,451,477 3,424,457 3,434,538 3,423,364
 -0- 3/11/93
 /CONTACT: Darrell D. Rubel of Marten Transport, 715-926-4216; or Kathy Burnham or Marian Briggs, both of Padilla Speer Beardsley, 612-871-8877, for Marten Transport/
 (MRTN)


CO: Marten Transport, Ltd. ST: Wisconsin IN: TRN SU: ERN

KH -- MN001 -- 5002 03/11/93 09:33 EST
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Publication:PR Newswire
Date:Mar 11, 1993
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