secwatch.observer — SEC 8-K summary
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Issuer:     COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK:        0000928658
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001008886-24-000041
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928658/000100888624000041/0001008886-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928658/000100888624000041/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001008886-24-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer