Covenant Logistics posts transcript of Q2 2026 conference call
Reuters2026/07/30 14:01- Covenant Logistics Group discussed fiscal Q2 2026 results on its earnings call attended by CEO David Parker, President Paul Bunn, COO Dustin Koehl, and Mr. Grant.
- Freight revenue rose 6.6% to $294.7 million, helped by the Q4 2025 brokerage acquisition now run as Star Logistics Solutions.
- Adjusted operating income fell 19% to $12.2 million as Managed Freight margin compressed on higher brokerage capacity costs.
- Net indebtedness was $289.7 million at June 30, down $6.6 million since year-end; adjusted leverage ratio was about 2.2x.
- Management called Q2 an inflection point in the freight recovery; projected $50-60 million in net equipment capex in H2.
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