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Covenant Logistics: Q2 Earnings Snapshot

$15.4 million, after reporting a loss in the same period a year earlier.
The
91 cents per share. Earnings, adjusted for non-recurring costs, came to
96 cents per share.
$256.3 million in the period.
Covenant Logistics shares have climbed 31% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit
$19.41, an increase of 10% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from
Zacks Investment Research. Access a
Copyright by Automated Insights, Inc. All rights reserved., source
Associated Press News
05:28p ....

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Covenant Logistics: Q2 Earnings Snapshot

Covenant Logistics: Q2 Earnings Snapshot
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Covenant Logistics Group Announces First Quarter Financial

Combined Truckload Revenue
Mr. Parker commented on truckload operations, “For the quarter, total revenue in our truckload operations decreased 8.3%, to $154 million, compared to 2020, consistent with our plan to refocus our asset-based fleet around Dedicated and Expedited operations while downsizing solo-driver refrigerated and reducing one-way irregular routes and other less profitable operations. The revenue decrease consisted of $13.0 million lower freight revenue and $1.0 million lower fuel surcharge revenue. The decrease in freight revenue primarily related to a 15.6% average operating fleet reduction, offset by an 8.0% increase in freight revenue per tractor. In the first quarter, we experienced a 4.1% increase in average freight revenue per total mile from $1.84 in 2020 to $1.91 in 2021. Average miles per tractor increased by 3.8% over the prior year period. In addition, the unseated truck percentage increased to 5.3% compared to 3.1% in the prior year period.” ....

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Covenant Logistics Group, Inc. (CVLG) Q1 2021 Earnings Call Transcript

Covenant Logistics Group, Inc. (CVLG) Q1 2021 Earnings Call Transcript
Motley Fool Transcribing
© The Motley Fool
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Covenant Logistics Group, Inc. (NASDAQ: CVLG)
Q1 2021 Earnings Call
Joey Hogan
Co-President and Chief Administrative Officer
Thank you. Now welcome to Covenant Logistics Group s first-quarter conference call. As a reminder for everyone, this call will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements.
Please review our disclosures and filings with the SEC, including, without limitation, the Risk Factors section and our most recent Form 10-K and our current year Form 10-Qs. We undertake no obligation to publicly update or revise any fo ....

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Covenant Logistics Group, Inc. (CVLG) Q1 2021 Earnings Call Transcript

Covenant Logistics Group, Inc. (CVLG) Q1 2021 Earnings Call Transcript
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