Covenant Logistics Group Inc (OQ:CVLG)
Business Focus: Ground Freight & Logistics
| Sector: Industrials | Industry: Ground Freight & Logistics |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 400 Birmingham Hwy CHATTANOOGA TN 37419-2346 |
| Tel: | N/A |
| Website: | https://www.covenantlogistics.com |
| IR: | See website |
| Key People | ||
| David Ray Parker Chairman of the Board, Chief Executive Officer | Matisse Long Corporate Controller | M. Paul Bunn President |
| James S. Grant Chief Financial Officer, Executive Vice President | Dustin Koehl Chief Operating Officer | Joey Ballard Executive Vice President - People and Safety |
| Lynn Doster Executive Vice President - Dedicated and Warehousing Operations | Samuel F. Hough Executive Vice President - Expedited Operations | George Yates Senior Vice President - Brokerage, General Manager - Transportation Management | Daniel B. Porterfield Senior Vice President - Maintenance and Equipment Control |
| Business Overview |
| Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. The Company's primary services include asset-based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management and freight brokerage capability. Its asset-based transportation services include two segments: Expedited and Dedicated. The Expedited segment primarily provides truckload services to customers. The Dedicated segment provides customers with committed truckload capacity over contracted periods. The Managed Freight segment includes its brokerage services and transportation management services (TMS). The Warehousing segment provides day-to-day warehouse management services for customers who have chosen to outsource this function. It also provides shuttle and switching services related to shuttling containers and trailers in or around freight yards and to/from warehouses. |
| Financial Overview |
| For the three months ended 31 March 2024, Covenant Logistics Group Inc revenues increased 4% to $278.8M. Net income before extraordinary items decreased 77% to $3.8M. Revenues reflect Expedited segment increase of 5% to $105.5M, Dedicated segment increase of 5% to $84.5M, Managed Freight segment increase of 3% to $62.9M. Net income was offset by Dedicated segment loss totaling $4.7M vs. income of $7.1M. |
| Employees: | 4,600 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $868.51M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,115M as of Mar 31, 2024 |
| EBITDA (TTM): | $119.93M as of Mar 31, 2024 |
| Net annual income (TTM): | $41.97M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$156.21M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $253.05M as of Mar 31, 2024 |
| Shares outstanding: | 13,114,360 as of May 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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