Covenant Logistics Q3 GAAP EPS $3.39, adj. EPS $1.52; promotes Paul Bunn to President

COVENANT LOGISTICS GROUP, INC.

2022-Q3 EPS reported $6.12 revenue$920,801,000

Q3 GAAP diluted EPS $3.39, adjusted $1.52; total revenue $311.8M (+13.6% YoY).
Recorded $38.5M pre-tax gain on sale of California terminal; operating income $59.1M.
Repurchased ~1.0M shares in Q3, 3.3M YTD through Oct 17; net debt $32.2M, cash $59.3M.
Paul Bunn promoted to President and COO effective Jan 1, 2023; Joey Hogan to part-time EVP.
Expect >$1B annual revenue; Q4 adjusted margin similar to Q3; 2023 outlook cautions on inflation.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Paul Bunn

President and Chief Operating Officer

CVLG · COVENANT LOGISTICS GROUP, INC.

Effective: 2023-01-01
Filed: October 20, 2022, 7:59 PM ET

the promotion of Paul Bunn to President and Chief Operating Officer (“COO”)

Role change

Joey Hogan

Executive Vice President

CVLG · COVENANT LOGISTICS GROUP, INC.

Effective: 2023-01-01
Filed: October 20, 2022, 7:59 PM ET

the transition of Joey Hogan to a part time Executive Vice President (“EVP”) role

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Paul Bunn changed role as President and Chief Operating Officer at COVENANT LOGISTICS GROUP, INC..

Action: promoted
Role: President and Chief Operating Officer

Exact text from the filing

the promotion of Paul Bunn to President and Chief Operating Officer (“COO”)

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Joey Hogan changed role as Executive Vice President at COVENANT LOGISTICS GROUP, INC..

Action: transitioned
Role: Executive Vice President

Exact text from the filing

the transition of Joey Hogan to a part time Executive Vice President (“EVP”) role

View on SEC.gov

COVENANT LOGISTICS GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001008886-22-000143

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.