---
schema_version: "secwatch.filing_event.v1"
accession: "0001008886-23-000191"
form_type: "8-K"
ticker: "CVLG"
cik: "0000928658"
company_name: "COVENANT LOGISTICS GROUP, INC."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:39:03.882587+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Covenant Q2 EPS $0.91, adj $1.07; revenue $274M (-14% YoY); acquired Lew Thompson for $100M; net debt $187M

## Summary
- Diluted GAAP EPS of $0.91 vs $1.56 YoY; adjusted EPS $1.07 vs $1.63; net income $12.3M vs $24.5M.
- Total revenue $274.0M, down 13.7% from $317.4M; freight revenue ex-fuel $243.7M, down 8.7%.
- Acquired Lew Thompson and Son for $100M on April 26; added ~144 weighted avg tractors to Dedicated segment.
- Net indebtedness rose to $187.2M from $46.4M at Dec 31, 2022 due to acquisition, share buybacks ($25.3M), and capex.
- Managed Freight segment revenue down 21.2%; operating income down 76% due to lower overflow freight volumes.

## SEC filing metadata
- accession: 0001008886-23-000191
- form_type: 8-K
- ticker: CVLG
- cik: 0000928658
- company_name: COVENANT LOGISTICS GROUP, INC.
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928658/000100888623000191/0001008886-23-000191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928658/000100888623000191/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001008886-23-000191
- JSON: https://secwatch.observer/filing/0001008886-23-000191.json
- Plain text: https://secwatch.observer/filing/0001008886-23-000191.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.