Highest-materiality recent filing
Covenant Logistics declares $0.07 quarterly dividend
Declared quarterly cash dividend of $0.07 per share on Class A and Class B common stock.
Covenant Logistics amends severance agreements to add retirement benefits for four executives
Amended severance agreements for M. Paul Bunn, James 'Tripp' Grant, Dustin Koehl, and Joey Ballard on Aug 7, 2026.
Covenant Logistics Q2 2026 EPS $0.32, adjusted $0.42; revenue up but costs pressure margins
Net income $8.5M ($0.32 diluted EPS) vs $9.8M ($0.36) in Q2 2025; adjusted EPS $0.42 vs $0.45.
Covenant Logistics amends credit agreement; revolver raised to $130M, maturity to 2031
Maximum revolver increased to $130 million under the Twenty-First Amendment.
Covenant Logistics declares $0.07 quarterly dividend; exec comp changes approved
Quarterly cash dividend of $0.07 per share, payable June 26, 2026 to holders of record June 5, 2026.
Covenant Q1 GAAP EPS $0.17 vs $0.24 YoY; adj. EPS $0.26; revenue $307M up 14%
Total revenue $307.2M (+14% YoY); freight revenue $281.9M (+15.9%) vs prior year.
Covenant Logistics declares quarterly cash dividend of $0.07 per share
Dividend of $0.07 per share on Class A and Class B common stock declared.
CEO David Parker plans to sell ~$15M of CVLG shares, ~5% of family holdings
David and Jacqueline Parker intend to dispose of ~$15M of Class A common stock via open market and charitable gifts.
GAAP diluted EPS of ($0.73) vs $0.24 prior year; adjusted EPS $0.31 vs $0.49.
Covenant Logistics approves 2026 bonus plan for executives; targets up to 150% of salary
Compensation Committee approved 2026 Senior Executive Bonus Program on Dec 16, 2025.
Covenant Logistics declares $0.07 quarterly dividend, payable Dec 26, 2025
Quarterly cash dividend of $0.07 per share declared for Class A and Class B common stock.
Covenant Logistics Q3 adjusted EPS $0.44, sees Q4 sequentially lower
Q3 adjusted EPS $0.44 per diluted share vs $0.54 a year ago; GAAP EPS $0.35 vs $0.47.
Covenant Logistics CAO resigns; declares $0.07 quarterly dividend
CAO Matisse Long resigned Aug 11, 2025; CFO Tripp Grant named principal accounting officer.
Covenant Logistics Reports Q2 2025: Record Freight Revenue $276.5M, EPS $0.36
Q2 2025 freight revenue hit all-time high of $276.5M, up 7.8% year-over-year.
Covenant Logistics approves LTI plan, increases authorized shares, declares $0.07 dividend
Comp committee approved 2025 Long-Term Incentive Plan; CEO $2.5M cash, CFO $1M, others $500K-$400K in RSUs.
Covenant Q1 adjusted EPS $0.32 (vs $0.42); revenue $269M; $50M buyback authorized
Q1 adjusted EPS $0.32 (down from $0.42 YoY); GAAP EPS $0.24; total revenue $269.4M; freight revenue $243.2M.
Covenant Logistics declares $0.07/share quarterly dividend, record date March 7
Quarterly cash dividend of $0.07 per share on Class A and Class B common stock.
Covenant Logistics Q4 2024: EPS $0.24 ($0.49 adj); net income down 47% YoY
Q4 GAAP EPS $0.24 vs $0.47 prior year; adjusted EPS $0.49 vs $0.55.
Covenant Logistics EVP Sam Hough to retire Dec 31, remain in reduced customer-focused role
Samuel F. Hough, EVP – Expedited Operations, retires effective Dec 31, 2024.
Covenant Logistics declares 2-for-1 stock split; approves 2025 executive bonus targets
2-for-1 stock split: record date Dec 20, 2024, distribution Dec 31, 2024; split-adjusted trading begins Jan 2, 2025.
Covenant Logistics declares $0.11 quarterly dividend, payable Dec 27, 2024
Dividend of $0.11 per share on Class A and Class B common stock declared.
Covenant Logistics Q3 EPS $0.94 ($1.09 adj), freight revenue +2.1%, debt down $36.6M
GAAP EPS $0.94 per diluted share ($1.09 adj); total revenue $287.9M; freight revenue $258.6M (+2.1% YoY).
Covenant Logistics declares $0.11 quarterly dividend, payable Sept 27
Quarterly cash dividend of $0.11 per share on Class A and B common stock declared.
Covenant Logistics voluntarily transfers stock listing from NASDAQ to NYSE, effective Aug 6, 2024
Class A common stock to cease trading on NASDAQ at close of market Aug 5, begin trading on NYSE at open Aug 6.
Covenant Logistics Q2 EPS $0.88 GAAP, $1.04 adjusted; freight revenue up 5.3% YoY
Q2 total revenue $287.5M, freight revenue $256.5M (+5.3% YoY); net income $12.2M ($0.88 diluted EPS) vs $12.3M ($0.91) a year ago.
Covenant Logistics raises base salaries and approves $4M in LTIP awards for executives
Base salary for M. Paul Bunn increased to $700,000; for James Grant to $425,000, effective June 24, 2024.
Covenant Logistics declares quarterly cash dividend of $0.11 per share
Board declared a quarterly cash dividend of $0.11 per share on Class A and Class B common stock.
Covenant Logistics appoints Dustin Koehl as COO effective May 13, 2024
Dustin Koehl appointed COO and principal operating officer; President M. Paul Bunn steps down from that role.
Covenant Logistics Q1 adjusted EPS $0.84; GAAP EPS $0.29 on $8.1M earnout charge
Total revenue $278.8M, freight rev ex-fuel $247.7M; adjusted operating income $14.8M (+17% YoY).
Covenant EVP Lynn Doster to retire Dec 31, 2024; will assist transition
Lynn Doster, EVP – Dedicated and Warehousing Operations, notified retirement effective Dec 31, 2024.
Covenant Logistics declares $0.11/share quarterly dividend
Dividend of $0.11 per share on Class A and Class B common stock declared.
Covenant Logistics Q4 EPS $0.93 GAAP, $1.07 adj; revenue down 7.5% YoY
GAAP diluted EPS $0.93 vs $0.81 prior year; adjusted EPS $1.07 vs $1.37 (decline).
Covenant Logistics promotes Matisse Long to Chief Accounting Officer
Matisse Long named Chief Accounting Officer effective Jan 5, 2024; also designated principal accounting officer.
Covenant Logistics sets 2024 executive bonus targets; Parker, Bunn at 100% of salary
Bonus targets as % of base salary: Parker 100%, Bunn 100%, Grant 60%, Hough 55%, Doster 55%.
Covenant Logistics declares $0.11/share quarterly cash dividend
Quarterly cash dividend of $0.11 per share on Class A and Class B common stock.
Audited combined revenue of $64.6M for year ended Dec 31, 2022; net income of $16.3M.
Q3 GAAP EPS $0.99 diluted, adjusted EPS $1.13; operating income $15.1M vs $59.1M YoY.
Covenant Logistics acquires brokerage with ~$10M revenue; declares $0.11 dividend
Acquired 100% equity of a specialized brokerage company on Aug 18, 2023; 2022 revenue was ~$10M.
Covenant Logistics completes $100M acquisition of Lew Thompson & Son Trucking
Closed April 26, 2023; enterprise value ~$100M plus earnout up to $30M over three years.
Diluted GAAP EPS of $0.91 vs $1.56 YoY; adjusted EPS $1.07 vs $1.63; net income $12.3M vs $24.5M.
Stockholders approved Third Amendment to Incentive Plan: +575,000 shares, term extended three years.
Covenant Logistics reports Q1 EPS $1.20; acquires Lew Thompson & Son for ~$100M
Q1 diluted EPS $1.20; adjusted EPS $0.93. Revenue $266.9M, down 8.4% YoY.
Covenant Logistics nominates Hogan and Rosser to board; Bosworth to retire at 2023 annual meeting
Joey B. Hogan nominated as director; served as President 2016–Jan 2023, retiring as employee June 30, 2023.
Covenant Logistics increases quarterly cash dividend to $0.11/share from $0.08
Quarterly dividend of $0.11 per share, up 37.5% from prior $0.08 per share.
Covenant Logistics amends stock buyback to $55M total; adopts 10b5-1 plan
Board added ~$37.5M to the ~$17.5M remaining under prior repurchase authorization.
Covenant Logistics Q4 EPS $0.81 includes $10M equipment charge; record FY EPS $7.00
Q4 GAAP EPS $0.81 vs $1.05; adjusted EPS $1.37 vs $1.07. Revenue $296M, freight revenue $255M.
Covenant Logistics approves salary increases, 2023 bonus plan for named executives
M. Paul Bunn salary raised to $500K, Lynn Doster to $365K effective Jan 1, 2023; Joey Hogan to $250K effective July 1, 2023 with new EVP role.
Covenant Logistics declares $0.08 quarterly dividend, record Dec 2
Quarterly cash dividend of $0.08 per share on Class A and Class B common stock.
Covenant Logistics Q3 GAAP EPS $3.39, adj. EPS $1.52; promotes Paul Bunn to President
Q3 GAAP diluted EPS $3.39, adjusted $1.52; total revenue $311.8M (+13.6% YoY).
Covenant Logistics amends CFO severance, closes CA terminal sale for $43.5M with $37.5M gain
Amended CFO Tripp Grant's severance: salary continuation increased to 9 months (from 6); COBRA extended to 18 months.
the board of directors of the Company (the “Board”) appointed Dustin Koehl as Chief Operating Officer, effective May 13, 2024.
M. Paul Bunn, the Company’s President, will no longer serve as principal operating officer.
On March 31, 2024, Lynn Doster notified the board of directors (the “Board”) of Covenant Logistics Group, Inc., a Nevada corporation (the “Company”) of her decision to retire from her position as Executive Vice President – Dedicated and Warehousing Operations, which won’t be effective until December 31, 2024.
On January 5, 2024, the board of directors (the “Board”) of Covenant Logistics Group, Inc., a Nevada corporation (the “Company”) promoted Matisse Long to Chief Accounting Officer.
Robert E. Bosworth confirmed to the Company that he will not be standing for re-election to the Board at the Company’s 2023 Annual Meeting of Stockholders
the Board has nominated Joey B. Hogan and Tracey Rosser as additional director nominees
the Board has nominated Joey B. Hogan and Tracey Rosser as additional director nominees
The salary change for Mr. Hogan will be effective July 1, 2023 and was made connection with his transition to a new role in 2023 as Executive Vice President focused on strategic planning, mentoring the leadership team, government relations, and other special projects.
the promotion of Paul Bunn to President and Chief Operating Officer (“COO”)
the transition of Joey Hogan to a part time Executive Vice President (“EVP”) role
Joey Hogan will continue to serve as our President but will no longer serve as our principal financial officer
and Joey Ballard to Executive Vice President, People and Safety
Max materiality 0.85 · Median 0.55 · Most common event earnings