earnings
confidence high
sentiment negative
materiality 0.75
Covenant Logistics Q4 2024: EPS $0.24 ($0.49 adj); net income down 47% YoY
COVENANT LOGISTICS GROUP, INC.
2024-FY EPS reported
$1.30
revenue$1,131,476,000
- Q4 GAAP EPS $0.24 vs $0.47 prior year; adjusted EPS $0.49 vs $0.55.
- Total revenue $277.3M (+1.2% YoY); freight revenue $251.1M (+4.6% YoY).
- Combined truckload operating ratio 98.8% vs 94.2%; Dedicated segment reported $3.8M operating loss.
- Net indebtedness $219.6M (33.4% of cap) vs $248.3M (38.1%) a year ago.
- 2025 net capex guidance $70-80M; TEL equity income fell to $3.0M from $4.7M.