---
schema_version: "secwatch.filing_event.v1"
accession: "0001008886-24-000136"
form_type: "8-K"
ticker: "CVLG"
cik: "0000928658"
company_name: "COVENANT LOGISTICS GROUP, INC."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T11:06:35.107128+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Covenant Logistics Q1 adjusted EPS $0.84; GAAP EPS $0.29 on $8.1M earnout charge

## Summary
- Total revenue $278.8M, freight rev ex-fuel $247.7M; adjusted operating income $14.8M (+17% YoY).
- GAAP EPS $0.29 (incl. $8.1M acquisition contingent charge); adjusted EPS $0.84 vs $0.93 last year.
- Combined Truckload operating income $87K vs $16.4M; Dedicated segment adjusted operating income $4.7M vs $3.7M.
- Net debt $252.1M (38.2% capitalization); $10M post-acquisition earnout paid; capex outlook $60-70M.
- TEL equity method income $3.7M pre-tax vs $5.9M due to lower used equipment gains.

## SEC filing metadata
- accession: 0001008886-24-000136
- form_type: 8-K
- ticker: CVLG
- cik: 0000928658
- company_name: COVENANT LOGISTICS GROUP, INC.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928658/000100888624000136/0001008886-24-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928658/000100888624000136/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001008886-24-000136
- JSON: https://secwatch.observer/filing/0001008886-24-000136.json
- Plain text: https://secwatch.observer/filing/0001008886-24-000136.txt

## Key facts
- Earnings Releases
  COVENANT LOGISTICS GROUP, INC. reported financial results for the first quarter ended March 31, 2024.
  - Period: the first quarter ended March 31, 2024
  - Result: reported results
  source text: On April 24, 2024, Covenant Logistics Group, Inc., a Nevada corporation (the "Company"), issued a press release announcing its financial and operating results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928658/000100888624000136/0001008886-24-000136-index.htm

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