- Covenant Logistics press release ( NASDAQ: CVLG ): Q2 Non-GAAP EPS of $1.63 beats by $0.32 .
- Revenue of $317.37M (+23.8% Y/Y) beats by $34.77M .
- Mr. Parker concluded, “For the second half of 2022 we expect moderating freight demand, greater driver availability, and continuing cost inflation. Absent a substantial, near-term deterioration in market forces, we expect a combination of higher revenue, improvement in our Dedicated segment, contribution of AAT, continued focus on cost control, and our ongoing stock repurchase program to generate adjusted earnings per diluted share for the second half of 2022 in excess of the same period for 2021.
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Covenant Logistics Non-GAAP EPS of $1.63 beats by $0.32, revenue of $317.37M beats by $34.77M