MRTN » Topics » Item 2.02. Results of Operations and Financial Condition.

This excerpt taken from the MRTN 8-K filed Oct 21, 2009.

Item 2.02.  Results of Operations and Financial Condition.

 

On October 20, 2009, the company issued a press release announcing financial results for the quarter ended September 30, 2009.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated October 20, 2009 announcing the company’s financial results for this period.

 

The press release also includes a discussion of operating revenue, net of fuel surcharge revenue, and logistics revenue, net of intermodal fuel surcharge revenue.  The company provided these additional disclosures because management believes removing these sources of revenue provides 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”).  Pursuant to Regulation G, 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 logistics revenue, net of intermodal fuel surcharge revenue, the most directly comparable GAAP financial measures are operating revenue and logistics revenue, respectively, 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

 

This excerpt taken from the MRTN 8-K filed Jul 23, 2009.

Item 2.02.  Results of Operations and Financial Condition.

 

On July 21, 2009, the company issued a press release announcing financial results for the quarter ended June 30, 2009.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated July 21, 2009 announcing the company’s financial results for this period.

 

The press release also includes a discussion of operating revenue, net of fuel surcharge revenue.  The company provided this additional disclosure because management believes removing this source of revenue provides a more consistent basis for comparing results of operations from period to period.  This financial measure in the press release has not been determined in accordance with generally accepted accounting principles (“GAAP”).  Pursuant to Regulation G, the company has included a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure.  For the discussion of operating revenue, net of fuel surcharge revenue, the most directly comparable GAAP financial measure is operating revenue, which is 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

 

This excerpt taken from the MRTN 8-K filed Apr 23, 2009.

Item 2.02.  Results of Operations and Financial Condition.

 

On April 21, 2009, the company issued a press release announcing financial results for the quarter ended March 31, 2009.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated April 21, 2009 announcing the company’s financial results for this period.

 

The press release also includes a discussion of operating revenue, net of fuel surcharges.  The company provided this additional disclosure because management believes removing this source of revenue provides a more consistent basis for comparing results of operations from period to period.  This financial measure in the press release has not been determined in accordance with generally accepted accounting principles (“GAAP”).  Pursuant to Regulation G, the company has included a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure.  For the discussion of operating revenue, net of fuel surcharges, the most directly comparable GAAP financial measure is operating revenue, which is 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

 

This excerpt taken from the MRTN 8-K filed Jan 28, 2009.

Item 2.02.        Results of Operations and Financial Condition.

 

On January 27, 2009, the company issued a press release announcing financial results for the quarter and year ended December 31, 2008.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated January 27, 2009 announcing the company’s financial results for this period.

 

The press release also includes a discussion of truckload and logistics revenue, net of fuel surcharges.  The company provided this additional disclosure because management believes removing this source of revenue provides a more consistent basis for comparing results of operations from period to period.  This financial measure in the press release has not been determined in accordance with generally accepted accounting principles (“GAAP”).  Pursuant to Regulation G, the company has included a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure.  For the discussion of truckload and logistics revenue, net of fuel surcharges, the most directly comparable GAAP financial measure is operating revenue, which is 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

 

This excerpt taken from the MRTN 8-K filed Oct 22, 2008.

Item 2.02.  Results of Operations and Financial Condition.

 

On October 20, 2008, the company issued a press release announcing financial results for the quarter ended September 30, 2008.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated October 20, 2008 announcing the company’s financial results for this period.

 

The press release also includes a discussion of truckload and logistics revenue, net of fuel surcharges, and net fuel expense (fuel and fuel taxes net of fuel surcharge revenue and surcharges passed through to independent contractors, outside drayage carriers and railroads).  The company provided these additional disclosures because management believes these measures 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”).  Pursuant to Regulation G, the company has included a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures.  For the discussion of truckload and logistics revenue, net of fuel surcharges, the most directly comparable GAAP financial measure is operating revenue, which is reconciled in the attached Exhibit 99.1.  To reconcile the net fuel expense, the company netted fuel surcharge revenues in the amount of $41.3 million in the 2008 period and $22.6 million in the 2007 period and fuel surcharges passed through to independent contractors, outside drayage carriers and railroads in the amount of $5.1 million in the 2008 period and $3.7 million in the 2007 period from the most directly comparable GAAP financial measure, fuel and fuel taxes.

 

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

 

This excerpt taken from the MRTN 8-K filed Jul 24, 2008.

Item 2.02. Results of Operations and Financial Condition.

On July 22, 2008, the company issued a press release announcing financial results for the quarter ended June 30, 2008. The press release included a typographical error for Total Operating Expenses on the Consolidated Condensed Statements of Operations for the three months ended June 30, 2007, such typographical error was incorrectly reporting such number as "$30,780" and the correct number, as reflected in the attached press release, is "$130,780." Attached hereto as Exhibit 99.1 is a copy of the company's press release dated July 22, 2008 announcing the company's financial results for this period.

The press release also includes a discussion of revenue, net of fuel surcharges. The company provided this additional disclosure because management believes removing this source of revenue provides a more consistent basis for comparing results of operations from period to period. This financial measure in the press release has not been determined in accordance with generally accepted accounting principles ("GAAP"). Pursuant to Regulation G, the company has included a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure.

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

This excerpt taken from the MRTN 8-K filed Oct 23, 2007.

Item 2.02.  Results of Operations and Financial Condition.

On October 22, 2007, the company issued a press release announcing financial results for the quarter ended September 30, 2007.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated October 22, 2007 announcing the company’s financial results for this period.

The press release includes a discussion of revenue, net of fuel surcharges.  The company provided this additional disclosure because management believes removing this source of revenue provides a more consistent basis for comparing results of operations from period to period.  This financial measure in the press release has not been determined in accordance with generally accepted accounting principles (“GAAP”). Pursuant to Regulation G, the company has included a reconciliation of these non-GAAP financial measures to most directly comparable GAAP financial measures.

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.

This excerpt taken from the MRTN 8-K filed Apr 24, 2007.

Item 2.02.  Results of Operations and Financial Condition.

On April 23, 2007, the company issued a press release announcing financial results for the quarter ended March 31, 2007.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated April 23, 2007 announcing the company’s financial results for this period.

The press release includes a discussion of revenue, net of fuel surcharges.  The company provided this additional disclosure because management believes removing this source of revenue provides a more consistent basis for comparing results of operations from period to period.  This financial measure in the press release has not been determined in accordance with generally accepted accounting principles (“GAAP”). Pursuant to Regulation G, the company has included a reconciliation of these non-GAAP financial measures to most directly comparable GAAP financial measures.

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.

This excerpt taken from the MRTN 8-K filed Jan 29, 2007.

Item 2.02.  Results of Operations and Financial Condition.

On January 25, 2007, the company issued a press release announcing financial results for the quarter and year ended December 31, 2006.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated January 25, 2007 announcing the company’s financial results for this period.

The press release includes a discussion of revenue, before fuel surcharge and non-freight revenue, or “freight revenue,” in addition to operating revenue.  The press release also includes a discussion of revenue, before fuel surcharge revenues.  The company provided these additional disclosures because management believes removing these sources of revenue provides 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”). Pursuant to Regulation G, the company has included a reconciliation of these non-GAAP financial measures to most directly comparable GAAP financial measures.

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.

This excerpt taken from the MRTN 8-K filed Oct 19, 2006.

Item 2.02.  Results of Operations and Financial Condition.

On October 18, 2006, the company issued a press release announcing financial results for the quarter ended September 30, 2006.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated October 18, 2006 announcing the company’s financial results for this period.

The press release includes a discussion of revenue, before fuel surcharge and non-freight revenue, or “freight revenue,” in addition to operating revenue.  The press release also includes a discussion of revenue, before fuel surcharge revenues.  The company provided these additional disclosures because management believes removing these sources of revenue provides 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”). Pursuant to Regulation G, the company has included a reconciliation of these non-GAAP financial measures to most directly comparable GAAP financial measures.

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.

This excerpt taken from the MRTN 8-K filed Jul 20, 2006.

Item 2.02.  Results of Operations and Financial Condition.

On July 19, 2006, the company issued a press release announcing financial results for the quarter ended June 30, 2006.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated July 19, 2006 announcing the company’s financial results for this period.

The press release includes a discussion of revenue, before fuel surcharge and non-freight revenue, or “freight revenue,” in addition to operating revenue.  The company provided this additional disclosure because management believes removing these sources of revenue provides a more consistent basis for comparing results of operations from period to period.  This financial measure in the press release has not been determined in accordance with generally accepted accounting principles (“GAAP”). Pursuant to Regulation G, the company has included a reconciliation of these non-GAAP financial measures to most directly comparable GAAP financial measures.

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.

This excerpt taken from the MRTN 8-K filed Apr 25, 2006.

Item 2.02.  Results of Operations and Financial Condition.

 

On April 24, 2006, the company issued a press release announcing financial results for the quarter ended March 31, 2006.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated April 24, 2006 announcing the company’s financial results for this period.

 

The press release includes a discussion of revenue, before fuel surcharge and non-freight revenue, or “freight revenue,” in addition to operating revenue.  The company provided this additional disclosure because management believes removing these sources of revenue provides a more consistent basis for comparing results of operations from period to period.  This financial measure in the press release has not been determined in accordance with generally accepted accounting principles (“GAAP”). Pursuant to Regulation G, the company has included a reconciliation of these non-GAAP financial measures to most directly comparable GAAP financial measures.

 

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.

 

This excerpt taken from the MRTN 8-K filed Jan 26, 2006.

Item 2.02.  Results of Operations and Financial Condition.

 

On January 25, 2006, the company issued a press release announcing financial results for the quarter and year ended December 31, 2005.  Attached hereto as Exhibit 99.1 is a copy of the company’s press release dated January 25, 2006 announcing the company’s financial results for this period.

 

The press release includes a discussion of revenue, before fuel surcharge and non-freight revenue, or “freight revenue,” in addition to operating revenue.  The company provided this additional disclosure because management believes removing these sources of revenue provides a more consistent basis for comparing results of operations from period to period.  This financial measure in the press release has not been determined in accordance with generally accepted accounting principles (“GAAP”). Pursuant to Regulation G, the Company has included a reconciliation of these non-GAAP financial measures to most directly comparable GAAP financial measures.

 

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.

 

This excerpt taken from the MRTN 8-K filed Jul 21, 2005.

Item 2.02.  Results of Operations and Financial Condition.

 

On July 20, 2005, the Company issued a press release announcing financial results for the quarter ended June 30, 2005.  Attached hereto as Exhibit 99.1 is a copy of the Company’s press release dated July 20, 2005 announcing the Company’s financial results for this period.

 

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.

 

This excerpt taken from the MRTN 8-K filed Apr 21, 2005.

Item 2.02.  Results of Operations and Financial Condition.

 

On April 20, 2005, the Company issued a press release announcing financial results for the quarter ended March 31, 2005.  Attached hereto as Exhibit 99.1 is a copy of the Company’s press release dated April 20, 2005 announcing the Company’s financial results for this period.

 

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.

 

This excerpt taken from the MRTN 8-K filed Jan 27, 2005.

Item 2.02.  Results of Operations and Financial Condition.

 

On January 26, 2005, the Company issued a press release announcing financial results for the quarter and year ended December 31, 2004.  Attached hereto as Exhibit 99.1 is a copy of the Company’s press release dated January 26, 2005 announcing the Company’s financial results for this period.

 

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.

 

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