Covenant Logistics Group, Inc. ( (CVLG) ) has released its Q2 earnings. Here is a breakdown of the information Covenant Logistics Group, Inc. presented to its investors.
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Covenant Logistics Group, Inc. is a transportation and logistics company offering services such as expedited and dedicated truckload capacity, warehousing, transportation management, and freight brokerage across the United States. In its latest earnings report for the second quarter of 2025, the company achieved a record freight revenue of $276.5 million, marking a 7.8% increase year-over-year. Despite a competitive operating environment, Covenant also repurchased 1.6 million shares of its common stock, amounting to $35.2 million. Key financial metrics showed a slight decline in net income to $9.84 million from $12.19 million in the previous year, while adjusted earnings per diluted share were $0.45, down from $0.52. The company’s Managed Freight segment saw a significant revenue increase of 28.5%, driven by new business and overflow capacity. However, rising operating costs impacted margins in the truckload segment. Looking forward, Covenant remains optimistic about improving market fundamentals and is focused on expanding its dedicated fleet and exploring acquisition opportunities to drive growth and shareholder returns.