Covenant Logistics Q4 EPS $0.93 GAAP, $1.07 adj; revenue down 7.5% YoY

COVENANT LOGISTICS GROUP, INC.

2023-FY EPS reported $3.99 revenue$1,103,573,000

GAAP diluted EPS $0.93 vs $0.81 prior year; adjusted EPS $1.07 vs $1.37 (decline).
Total revenue $274M, down 7.5% from $296M; freight revenue excl fuel $240M down 6%.
Truckload operating income $10.6M vs $2.1M prior year; adjusted operating income $12.9M flat.
Managed Freight revenue down 14.6%; operating income down 71.6% due to lower overflow freight.
Repurchased ~5% of stock at ~$34/share; 2024 net capex guidance $55-65M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

COVENANT LOGISTICS GROUP, INC. reported financial results for fourth quarter ended December 31, 2023.

Period: fourth quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On January 23, 2024, Covenant Logistics Group, Inc., a Nevada corporation (the "Company"), issued a press release announcing its financial and operating results for the quarter and year ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

COVENANT LOGISTICS GROUP, INC. reported financial results for year ended December 31, 2023.

Period: year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 23, 2024, Covenant Logistics Group, Inc., a Nevada corporation (the "Company"), issued a press release announcing its financial and operating results for the quarter and year ended December 31, 2023.

View on SEC.gov

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COVENANT LOGISTICS GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001008886-24-000041

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