Highest-materiality recent filing
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 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.
GAAP diluted EPS of ($0.73) vs $0.24 prior year; adjusted EPS $0.31 vs $0.49.
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 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 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 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 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 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 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 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 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).
Q3 GAAP EPS $0.99 diluted, adjusted EPS $1.13; operating income $15.1M vs $59.1M YoY.
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 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 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