Covenant Logistics: Fourth Quarter Earnings Overview

Covenant Logistics Group Reports Fourth Quarter Financial Results

Covenant Logistics Group, headquartered in Chattanooga, Tennessee, announced a net loss of $18.3 million for the fourth quarter.

The company reported a quarterly loss of $0.73 per share. After adjusting for one-time expenses, earnings stood at $0.31 per share.

During the same period, the provider of truckload transportation services generated $295.4 million in revenue.

Looking at the full year, Covenant Logistics Group recorded a net income of $7.2 million, translating to $0.27 per share, with total annual revenue reaching $1.16 billion.