Covenant Logistics reports Q4 adjusted EPS 49c, consensus 49c

Reports Q4 revenue $277.33M, consensus $283.11M. Chairman and CEO, David Parker, commented: “We are pleased to report fourth quarter earnings of $0.24 per diluted share and non-GAAP adjusted earnings of $0.49 per diluted share, on 27.9 million weighted average diluted shares outstanding after giving effect to our recent 2-for-1 stock split. These results mark the end of another successful year despite a challenging general freight environment, and I could not be happier with how our team has planned and adjusted throughout the year.”