How did CVLG's revenue and expenses trend in Q4 2024?

Covenant Logistics (CVLG) demonstrated a consistent financial performance across its business segments in Q4 2024, with each segment reporting a net income of $6.72 million. The company's revenue was highest in the Expedited segment at $416.46 million, followed by Dedicated at $364.41 million, and Managed Freight and Warehousing at $248.94 million and $101.66 million, respectively.

The Selling, General, and Administrative (SG&A) expenses were $193.92 million for all segments combined, indicating a strong control over overhead costs. The focus on R&D and operating efficiency is evident, with R&D expenses remaining at $0, suggesting a stable innovation pipeline and a mature operational framework.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|CVLG|CVLG.N|Covenant Logistics|20240101-2024|Warehousing|1.01662E8|169|
|CVLG|CVLG.N|Covenant Logistics|20240101-2024|Warehousing|7.702E7|169|
|CVLG|CVLG.N|Covenant Logistics|20240101-2024|Warehousing|5.1549E7|169|
|CVLG|CVLG.N|Covenant Logistics|20240101-2024|Warehousing|2.5893E7|169|

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|Operating Expenses|Net Income|market_code|
|---|---|---|---|---|---|---|---|---|
|CVLG|CVLG.N|Covenant Logistics|2024 Q1|1.42273E8|||3974000|169|
|CVLG|CVLG.N|Covenant Logistics|2024 Q2|1.28503E8|||1.2194E7|169|
|CVLG|CVLG.N|Covenant Logistics|2024 Q3|1.32037E8|||1.3033E7|169|
|CVLG|CVLG.N|Covenant Logistics|2024 Q4|1.93918E8|||6719000|169|