Covenant Logistics Q3 EPS $0.94 ($1.09 adj), freight revenue +2.1%, debt down $36.6M

COVENANT LOGISTICS GROUP, INC.

2024-Q3 EPS reported $2.11 revenue$854,145,000

GAAP EPS $0.94 per diluted share ($1.09 adj); total revenue $287.9M; freight revenue $258.6M (+2.1% YoY).
Operating income $16.2M (+7.2% YoY); adjusted operating income $19.3M (+8.3%); operating ratio 94.4%.
Dedicated segment freight rev +23.5% to $82.7M; Expedited -4.7%; Managed Freight -9.1% with large cargo claim.
Net indebtedness reduced $36.6M sequentially to $236.7M; net debt to capitalization 35.4% at Sep 30.
TEL equity income $4.0M vs $5.3M; outlook cautious: expects slow freight market improvement; net capex $15-20M in H2.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.