COVENANT LOGISTICS GROUP, INC.
Income Statement
| Line Item | Sep 2023 | Jun 2023 | Mar 2023 | Sep 2022 | Jun 2022 | Mar 2022 | Sep 2021 | Jun 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $288.7M | $274.0M | $266.9M | $311.8M | $317.4M | $291.6M | $274.6M | $256.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $15.1M | $11.8M | $17.6M | $59.1M | $26.9M | $23.8M | $20.1M | $18.3M |
| Operating Margin | 5.2% | 4.3% | 6.6% | 18.9% | 8.5% | 8.2% | 7.3% | 7.2% |
| Interest Expense | $2.6M | $2.1M | $769.0K | $935.0K | $766.0K | $555.0K | $724.0K | $708.0K |
| Pretax Income | $17.8M | $15.0M | $22.8M | $65.5M | $33.2M | $30.1M | $22.6M | $21.0M |
| Income Tax Expense | $4.5M | $2.9M | $6.3M | $15.6M | $8.7M | $7.9M | $6.1M | $5.6M |
| Net Income | $13.5M | $12.3M | $16.6M | $50.5M | $24.5M | $22.2M | $16.4M | $15.4M |
| Net Margin | 4.7% | 4.5% | 6.2% | 16.2% | 7.7% | 7.6% | 6.0% | 6.0% |
| EPS (Basic) | $1.04 | $0.95 | $1.25 | $3.50 | $1.58 | $1.34 | $0.98 | $0.92 |
| EPS (Diluted) | $0.99 | $0.91 | $1.20 | $3.39 | $1.56 | $1.32 | $0.97 | $0.91 |
| Shares Outstanding (Basic) | 12.9M | 12.9M | 13.4M | 14.4M | 15.5M | 16.6M | 16.8M | 16.8M |
| Shares Outstanding (Diluted) | 13.7M | 13.6M | 13.9M | 14.9M | 15.8M | 16.8M | 17.0M | 17.0M |
| Dividends Per Share | $0.11 | $0.11 | $0.11 | $0.08 | $0.06 | $0.06 | — | — |