---
schema_version: "secwatch.filing_event.v1"
accession: "0001008886-23-000217"
form_type: "8-K"
ticker: "CVLG"
cik: "0000928658"
company_name: "COVENANT LOGISTICS GROUP, INC."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:30:20.726546+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Covenant Logistics Q3 EPS $0.99 (adj. $1.13); revenue down 7.4%; warns Q4 hit by cyber attack, UAW strike

## Summary
- Q3 GAAP EPS $0.99 diluted, adjusted EPS $1.13; operating income $15.1M vs $59.1M YoY.
- Total revenue $288.7M (-7.4% YoY); freight revenue ex-fuel $253.4M vs $266.6M.
- Expedited freight revenue flat; Dedicated down 10.5%; Managed Freight down 11.1%; Warehousing up 14.8%.
- Net debt $183.4M (31.8% leverage) vs $46.3M at Dec 2022; $118M acquisitions, $25.3M share repurchases.
- Outlook: Q4 revenue/earnings to decline due to cyber attack on major Expedited customer and UAW strike.

## SEC filing metadata
- accession: 0001008886-23-000217
- form_type: 8-K
- ticker: CVLG
- cik: 0000928658
- company_name: COVENANT LOGISTICS GROUP, INC.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928658/000100888623000217/0001008886-23-000217-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928658/000100888623000217/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001008886-23-000217
- JSON: https://secwatch.observer/filing/0001008886-23-000217.json
- Plain text: https://secwatch.observer/filing/0001008886-23-000217.txt

## Key facts
- Earnings Releases
  COVENANT LOGISTICS GROUP, INC. reported the third quarter ended September 30, 2023 results: revenue $288,721, net income $13,506, EPS $0.99 per diluted share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $288,721
  - Net income: $13,506
  - EPS: $0.99 per diluted share
  - Result: reported results
  source text: third quarter financial performance: Three Months Ended September 30, Nine Months Ended September 30, ($000s, except per share information) 2023 2022 2023 2022 Total Revenue $ 288,721 $ 311,839 $ 829,588 $ 920,801 Freight Revenue, Excludes Fuel Surcharge $ 253,377 $ 266,599 $ 730,503 $ 791,069 Operating Income $ 15,141 $ 59,059 $ 44,556 $ 109,779 Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/928658/000100888623000217/0001008886-23-000217-index.htm

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