earnings
confidence high
sentiment neutral
materiality 0.80
Covenant Q1 adjusted EPS $0.32 (vs $0.42); revenue $269M; $50M buyback authorized
COVENANT LOGISTICS GROUP, INC.
2025-Q1 EPS reported
$0.24
revenue$269,355,000
- Q1 adjusted EPS $0.32 (down from $0.42 YoY); GAAP EPS $0.24; total revenue $269.4M; freight revenue $243.2M.
- Adjusted operating income $10.9M (down from $14.8M); adjusted operating ratio 95.5% vs 94.0%.
- Board approved $50M stock repurchase program with no expiration date; open market or private transactions allowed.
- CEO David Parker and President Paul Bunn take 10% salary reductions effective May 1 for 12 months; bonuses unchanged.
- Completed small tuck-in acquisition of multi-stop distribution carrier, expected accretive; net capex guidance $55-65M.