Covenant Logistics Group, Inc. Reports Net Income of $16.6 Million for the First Quarter of 2023
Company's Revenue Totals $266.9 Million During the Same Period
By USInMinutes
Published - Jul 31, 2023, 03:39 PM ET
Last Updated - Jul 31, 2023, 03:39 PM EDT
Covenant Logistics Group, Inc.(CVLG ) and its subsidiaries have released th eir Condensed Consolidated Balance Sheets and Statements of Operations for the first quarter ending March 31, 2023. The financial data reveals the company's net income and revenue performance during the quarter.
Net Income/Loss: $16.6 Million
Covenant Logistics Group, Inc. reported a net income of $16.6 million for the first quarter of 2023. Compared to the same period last year, where the net income was $22.2 million, this represents a decrease in earnings. Despite the decline, the company's net income remains robust, signaling stability in its operations.
Revenue: $266.9 Million
