secwatch.observer — SEC 8-K summary
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Issuer:     COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK:        0000928658
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001008886-26-000101
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Covenant Q1 GAAP EPS $0.17 vs $0.24 YoY; adj. EPS $0.26; revenue $307M up 14%
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- Total revenue $307.2M (+14% YoY); freight revenue $281.9M (+15.9%) vs prior year.
- Operating income $6.3M GAAP ($9.6M adj.) vs $7.6M ($10.9M adj.) in Q1 2025.
- Expedited freight revenue down 10.3%; Dedicated up 10.9%; Managed Freight up 59.6% from 2025 acquisition.
- Net indebtedness decreased $51M to $245.3M; leverage ratio 37.6% from 42.3% at Dec 2025.
- Management cites severe weather and fuel costs for miss; March momentum building; 2026 capex guided $40-50M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928658/000100888626000101/0001008886-26-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928658/000100888626000101/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001008886-26-000101

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