Covenant Logistics Group CVLG Expedited — Goodwill Purchase Accounting Adjustments

Other segment segments

Managed Freight

-$37K—

Dedicated

$0—

Warehousing

$0—

Similar metrics at other companies

GNRCDomestic — Goodwill Purchase Accounting Adjustments

-$1.55M—

GNRCInternational — Goodwill Purchase Accounting Adjustments

$77.5K—

MLMSpecialties — Goodwill Purchase Accounting Adjustments

$0—

BROSpecialty Distribution — Goodwill Purchase Accounting Adjustments

$3M+1,100%

MSIProducts and Systems Integration — Goodwill Purchase Accounting Adjustments

$9M—

BDCGoodwill Purchase Accounting Adjustments

-$1.82M—

Other financials

Income statement

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Revenue$307.2M+14.0%

Operating income$6.3M-17.6%

Net income$4.4M-32.7%

EPS (diluted)$0.17-29.2%

Balance sheet

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Cash & equivalents$11.2M+0.1%

Total debt$291.7M+4.9%

Total equity$407.6M-8.1%

Total assets$1.0B+3.8%

Cash flow

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Operating cash flow$29.0M+16.6%

CapEx$11.4M-66.0%

Free cash flow$17.6M+305%

Valuation

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Market cap$1.08B+77.6%

Enterprise value$1.36B+55.5%

P/E36×+0.6×

P/S0.9×—

Profitability

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Operating margin2.8%—

Net margin3.7%-1.1pp

FCF margin-0.6%—

Returns & leverage

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Return on equity7.5%-2.6pp

Debt / equity0.7×+0.1×

Current ratio1×0.0×

Where this comes from

Reported directly by Covenant Logistics Group in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

The official record: Covenant Logistics Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Covenant Logistics Group's expedited — goodwill purchase accounting adjustments?: Covenant Logistics Group (CVLG) reported expedited — goodwill purchase accounting adjustments of $0 in Q1 2026.
What does expedited — goodwill purchase accounting adjustments mean?: Reflects adjustments made to the carrying value of goodwill within the Expedited segment due to changes in purchase price allocations or measurement period adjustments following an acquisition. These adjustments ensure the goodwill balance accurately reflects the fair value of the acquired business. Frequent or large adjustments may indicate volatility in acquisition accounting.