{"schema_version":"secwatch.filing_event.v1","accession":"0001008886-23-000057","form_type":"8-K","ticker":"CVLG","cik":"0000928658","company_name":"COVENANT LOGISTICS GROUP, INC.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.908529+00:00","generated_at":"2026-06-16T11:01:37.297384+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Covenant Logistics reports Q1 EPS $1.20; acquires Lew Thompson & Son for ~$100M","bullets":["Q1 diluted EPS $1.20; adjusted EPS $0.93. Revenue $266.9M, down 8.4% YoY.","Operating income $17.6M; adjusted operating income $12.6M. Operating ratio 93.4%.","Acquired Lew Thompson & Son for ~$100M enterprise value plus earnout up to $30M.","Deal funded by $45M cash and $55M ABL borrowings; pro-forma net debt ~$165M.","Acquisition expected to be immediately accretive to diluted EPS."],"urls":{"canonical":"https://secwatch.observer/filing/0001008886-23-000057","json":"https://secwatch.observer/filing/0001008886-23-000057.json","markdown":"https://secwatch.observer/filing/0001008886-23-000057.md","text":"https://secwatch.observer/filing/0001008886-23-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/928658/000100888623000057/0001008886-23-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/928658/000100888623000057/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T11:01:37.297384+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":"b197aaba0ffd5ef394c82252cb6ec3a0cebce762","claim":"COVENANT LOGISTICS GROUP, INC. reported first quarter ended March 31, 2023 results: revenue $ 266,851, net income $ 16,635, EPS $ 1.20.","evidence_excerpt":"the amount of $0.9 million.” A summary of our first quarter financial performance: Three Months Ended March 31, ($000s, except per share information) 2023 2022 Total Revenue $ 266,851 $ 291,585 Freight Revenue, Excludes Fuel Surcharge $ 233,422 $ 257,614 Operating Income $ 17,632 $ 23,847 Adjusted Operating Income (1) $ 12,625 $ 24,435 Operating Ratio 93.4 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/928658/000100888623000057/0001008886-23-000057-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$ 266,851"},{"label":"Net income","value":"$ 16,635"},{"label":"EPS","value":"$ 1.20"},{"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"}