{"schema_version":"secwatch.filing_event.v1","accession":"0001008886-23-000004","form_type":"8-K","ticker":"CVLG","cik":"0000928658","company_name":"COVENANT LOGISTICS GROUP, INC.","filed_at":"2023-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.631444+00:00","generated_at":"2026-06-20T10:20:26.432908+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Covenant Logistics Q4 EPS $0.81 includes $10M equipment charge; record FY EPS $7.00","bullets":["Q4 GAAP EPS $0.81 vs $1.05; adjusted EPS $1.37 vs $1.07. Revenue $296M, freight revenue $255M.","Q4 operating income $10.9M; adjusted $22.0M. Includes $7.5M lease abandonment and $2.5M excess equipment expense.","Full year EPS $7.00 (record); adjusted $5.84. Freight revenue over $1B; ROIC 15.3%.","Expedited segment revenue +25.9% (FEMA/AAT). Dedicated -4.7% (exited unprofitable). Managed Freight -29.6%. Warehousing +31%.","Net debt $46.4M (10.9% cap). 2023 net capex guided $75-85M; management expects difficult H1 freight market."],"urls":{"canonical":"https://secwatch.observer/filing/0001008886-23-000004","json":"https://secwatch.observer/filing/0001008886-23-000004.json","markdown":"https://secwatch.observer/filing/0001008886-23-000004.md","text":"https://secwatch.observer/filing/0001008886-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/928658/000100888623000004/0001008886-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/928658/000100888623000004/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T10:20:26.432908+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5243e78eddaf166bc0e19bfbe6f444fd5f7f8603","claim":"COVENANT LOGISTICS GROUP, INC. reported the fourth quarter ended December 31, 2022 results: revenue $ 296,057, net income $ 11,504, EPS $ 0.81.","evidence_excerpt":"Total Revenue $ 296,057 $ 294,228 $ 1,216,858 $ 1,046,003 Freight Revenue, Excludes Fuel Surcharge $ 255,327 $ 267,022 $ 1,046,396 $ 949,913 Operating Income $ 10,904 $ 18,237 $ 120,682 $ 67,162 Adjusted Operating Income (1) $ 22,010 $ 18,824 $ 97,244 $ 71,205 Operating Ratio 96.3 % 93.8 % 90.1 % 93.6 % Adjusted Operating Ratio (1) 91.4 % 93.0 % 90.7 % 92.5 % Net Income $ 11,504 $ 17,732 $ 108,682 $ 60,731 Adjusted Net Income (1) $ 19,522 $ 18,169 $ 90,543 $ 61,287 Earnings per Diluted Share $ 0.81 $ 1.05 $ 7.00 $ 3.57","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928658/000100888623000004/0001008886-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$ 296,057"},{"label":"Net income","value":"$ 11,504"},{"label":"EPS","value":"$ 0.81"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"597bde885e2cd6eb45ab119a83554a68f4e2a066","claim":"COVENANT LOGISTICS GROUP, INC. reported the year ended December 31, 2022 results: revenue $ 1,216,858, net income $ 108,682, EPS $ 7.00.","evidence_excerpt":"Total Revenue $ 296,057 $ 294,228 $ 1,216,858 $ 1,046,003 Freight Revenue, Excludes Fuel Surcharge $ 255,327 $ 267,022 $ 1,046,396 $ 949,913 Operating Income $ 10,904 $ 18,237 $ 120,682 $ 67,162 Adjusted Operating Income (1) $ 22,010 $ 18,824 $ 97,244 $ 71,205 Operating Ratio 96.3 % 93.8 % 90.1 % 93.6 % Adjusted Operating Ratio (1) 91.4 % 93.0 % 90.7 % 92.5 % Net Income $ 11,504 $ 17,732 $ 108,682 $ 60,731 Adjusted Net Income (1) $ 19,522 $ 18,169 $ 90,543 $ 61,287 Earnings per Diluted Share $ 0.81 $ 1.05 $ 7.00 $ 3.57","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928658/000100888623000004/0001008886-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$ 1,216,858"},{"label":"Net income","value":"$ 108,682"},{"label":"EPS","value":"$ 7.00"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}