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Covenant Logistics reports Q2 EPS $1.07, consensus 95c
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Covenant Logistics reports Q2 EPS $1.07, consensus 95c

Reports Q2 revenue $274.02M, consensus $269.9M. Chairman and CEO, David Parker, commented: “We are pleased to report second quarter earnings of $0.91 per diluted share and non-GAAP adjusted earnings of $1.07 per diluted share. The primary EPS adjustments exclude approximately $2.2 million in pre-tax expenses associated with acquisition transaction costs and an executive retirement bonus, approximately $1.8 million in pre-tax non-cash amortization expenses and $1.0 million of tax benefit associated with recent favorable tax regulation change with the state of Tennessee.”

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