The earnings call highlighted significant achievements such as record revenue, growth in the dedicated fleet, and success in the Managed Freight segment. However, these were offset by challenges including compressed margins, difficulties in the Expedited segment, and a notable decline in the Warehouse segment's operating profit. The overall sentiment of the call is neutral, with a balance between positive growth and ongoing challenges.

Company Guidance -

Q3 2025

During the Covenant Logistics Group Q2 2025 earnings call, pivotal metrics were highlighted, indicating a mixed but optimistic outlook. Revenue reached a record high of $276.5 million, marking a 7.8% increase year-over-year, while consolidated adjusted operating income decreased by 19.6% to $15 million due to cost pressures. The company repurchased approximately 1.6 million shares at an average price of $22.69, leaving $13.8 million available under the $50 million share repurchase authorization. The Expedited segment posted a 93.9% adjusted operating ratio, and Dedicated's margin improved sequentially but remained below expectations. Net indebtedness rose to $268.7 million, yielding a 2x adjusted leverage ratio. The company anticipates better results in the second half of 2025, driven by potential improvements in market conditions, ongoing dedicated fleet growth, and strategic capital allocation.

Record Revenue Achievement

Revenue rebounded during the second quarter to a new record high, driven by growth in the dedicated fleet, strong new business awards in Managed Freight, and a small acquisition.

Growth in Dedicated Fleet

The dedicated fleet grew by 162 tractors, representing an increase of approximately 11.7% compared to the prior year, with freight revenue growing by $8.3 million or 10.2%.

Managed Freight Segment Success

Managed freight exceeded both revenue and profitability expectations for the quarter, benefiting from nonrecurring business and a strong ability to handle overflow freight from the Expedited segment.

Share Repurchase Program

1.6 million shares were repurchased, accounting for 5.7% of the average diluted shares outstanding, at a total cost of $35.2 million.

TEL's Revenue Increase

TEL's revenue in the quarter increased by 34% compared to the prior year, primarily through increasing its truck and trailer fleet.

Covenant Logistics Group (CVLG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CVLG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	0.48 / -	0.545	―	―	―
Jul 23, 2025	2025 (Q2)	0.42 / 0.45	0.52	-13.46% (-0.07)	―
Apr 23, 2025	2025 (Q1)	0.33 / 0.32	0.42	-23.81% (-0.10)	―
Jan 23, 2025	2024 (Q4)	0.49 / 0.49	0.535	-8.41% (-0.05)	―
Oct 23, 2024	2024 (Q3)	0.53 / 0.55	0.565	-3.54% (-0.02)	―
Jul 24, 2024	2024 (Q2)	0.49 / 0.52	0.535	-2.80% (-0.02)	―
Apr 24, 2024	2024 (Q1)	0.40 / 0.42	0.465	-9.68% (-0.05)	―
Jan 23, 2024	2023 (Q4)	0.51 / 0.54	0.685	-21.90% (-0.15)	―
Oct 25, 2023	2023 (Q3)	0.56 / 0.56	0.76	-25.66% (-0.20)	―
Jul 26, 2023	2023 (Q2)	0.48 / 0.54	0.815	-34.36% (-0.28)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CVLG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$24.28	$25.19	+3.75%
Apr 23, 2025	$18.74	$20.70	+10.46%
Jan 23, 2025	$28.78	$27.95	-2.88%
Oct 23, 2024	$25.57	$25.48	-0.35%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Covenant Logistics Group (CVLG) report earnings?

Covenant Logistics Group (CVLG) is schdueled to report earning on Oct 16, 2025, After Close (Confirmed).

What is Covenant Logistics Group (CVLG) earnings time?

Covenant Logistics Group (CVLG) earnings time is at Oct 16, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CVLG EPS forecast?

CVLG EPS forecast for the fiscal quarter 2025 (Q3) is 0.48.

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