Covenant Logistics (CVLG)
Asset-based truckload and asset-light freight services across the continental US.
$34.12
vs last close−0.22 (−0.64%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 289 | 274 | 279 | 287 | 288 | 277 | 269 | 303 | 297 | 295 | 307 | 333 |
| Cost of revenue | 245 | 231 | 233 | 253 | 243 | 230 | 227 | 254 | 254 | 258 | 281 | 306 |
| Gross profit | 44 | 43 | 46 | 34 | 45 | 47 | 42 | 49 | 42 | 37 | 26 | 26 |
| 29 | 29 | 42 | 18 | 29 | 38 | 34 | 37 | 34 | 44 | 19 | 17 | |
| 26 | 26 | 38 | 16 | 26 | 35 | 30 | 30 | 32 | 40 | 16 | 14 | |
| Selling & marketing | 0 | 0 | 0 | −17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 26 | 26 | 38 | 33 | 26 | 35 | 30 | 30 | 32 | 40 | 0 | 0 |
| Other expenses | 3 | 3 | 4 | 2 | 3 | 3 | 4 | 7 | 3 | 3 | 3 | 3 |
| Operating income | 15 | 14 | 4 | 16 | 16 | 9 | 8 | 12 | 8 | −7 | 7 | 9 |
| 3 | 2 | 0 | −1 | 1 | 0 | 1 | 2 | 0 | −18 | −1 | 2 | |
| Interest expense | 3 | 2 | 3 | 4 | 3 | 3 | 3 | 2 | 3 | 3 | 4 | 3 |
| Other non-operating income | −5 | −5 | −4 | −3 | −4 | −3 | −4 | −4 | −4 | 14 | 0 | 0 |
| Income before tax | 18 | 17 | 5 | 16 | 17 | 8 | 9 | 13 | 8 | −24 | 6 | 11 |
| Income tax expense | 4 | 4 | 1 | 4 | 4 | 2 | 2 | 4 | 2 | −6 | 2 | 3 |
| Net income from continuing operations | 13 | 13 | 4 | 12 | 13 | 7 | 7 | 10 | 6 | −18 | 4 | 9 |
| Discontinued operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 |
| Net income | 14 | 13 | 4 | 12 | 13 | 7 | 7 | 10 | 9 | −18 | 4 | 9 |
| EPS, basic | $1.04 | $0.98 | $0.15 | $0.46 | $0.50 | $0.26 | $0.25 | $0.37 | $0.36 | −$0.73 | $0.18 | $0.34 |
| EPS, diluted | $0.98 | $0.89 | $0.14 | $0.44 | $0.47 | $0.24 | $0.24 | $0.36 | $0.34 | −$0.73 | $0.17 | $0.32 |
| Weighted average shares, basic | 26 | 26 | 26 | 26 | 26 | 26 | 27 | 26 | 26 | 25 | 25 | 25 |
| Weighted average shares, diluted | 27 | 27 | 28 | 28 | 28 | 28 | 28 | 28 | 27 | 25 | 26 | 27 |
| EBITDA | 39 | 37 | 29 | 42 | 41 | 34 | 33 | 39 | 34 | 4 | 31 | 32 |
| Depreciation & amortization | 18 | 18 | 21 | 22 | 21 | 22 | 22 | 23 | 23 | 25 | 24 | 23 |
| EBIT | 20 | 19 | 8 | 20 | 20 | 12 | 11 | 16 | 12 | −21 | 7 | 9 |