UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-24960 COVENANT TRANSPORTATION GROUP, INC. (Exact name of registrant as specified in its charter) Nevada 88-0320154 (State or o ...

Covenant Transportation Group, Inc. (CVTI) Q2 2019 Earnings Conference Call July 25, 2019 10:30 AM ET Company Participants Richard Cribbs - EVP, CAO & CFO Joey Hogan - President & COO David Parker - Chairman & CEO Conference Call Participants Scott Schoenhaus - Stephens Inc. Jason Seidl - Cowen and Company Scott Group - Wolfe Research Operator Excuse me, everyone. We now have all of our speakers in conference. [Operator Instructions]. It is now my pleasure to turn today's conference over to Mr. Richard Crib ...

Revenue Performance - Total revenue for the first quarter was $219.2 million, a 26.3% increase compared to the first quarter of 2018, with freight revenue at $195.8 million, up 30.1% year-over-year [90]. - Total revenue for the quarter ended March 31, 2019, increased by approximately $45.6 million, or 26.3%, to $219.2 million from $173.6 million in the same quarter of 2018 [111]. - Freight revenue rose by approximately $45.3 million, or 30.1%, to $195.8 million for the quarter ended March 31, 2019, compared to $150.5 million in the 2018 quarter [111]. - Managed Freight revenue surged to $46.5 million in Q1 2019, compared to $19.0 million in Q1 2018, marking a significant increase of 144.5% [147]. - Truckload revenue increased by $18.1 million, primarily due to an $18.0 million increase in freight revenue, attributed to a 21.9% increase in average tractors [150]. Operating Income and Expenses - Operating income decreased to $5.4 million from $6.4 million in the first quarter of 2018, while net income remained stable at $4.4 million, or $0.24 per share [90]. - The adjusted operating ratio for the first quarter was 96.9%, compared to 95.7% in the first quarter of 2018, indicating a slight decline in profitability [92]. - Operating income for the Truckload segment decreased to $1.3 million in Q1 2019 from $5.4 million in Q1 2018, a decline of 76.1% [147]. - Salaries, wages, and related expenses increased by approximately $18.9 million, or 31.2%, for the three months ended March 31, 2019, compared to the same quarter in 2018 [115]. - Insurance and claims expenses rose to $11.2 million, a 29.4% increase from $8.7 million in the same quarter of 2018, representing 5.1% of total revenue [132]. Financial Position and Cash Flow - Total net indebtedness increased by $23.2 million to $279.0 million, primarily due to the growth of receivables purchased by the factoring division [90]. - Working capital was $92.8 million as of March 31, 2019, compared to $84.3 million in the same period of 2018, indicating improved liquidity [153]. - Net cash flows from operating activities decreased by $27.5 million in Q1 2019 compared to Q1 2018, primarily due to increases in receivables and driver advances [155]. - Net cash flows used in investing activities were $33.5 million in Q1 2019, up from $13.7 million in Q1 2018, reflecting the timing of tractor deliveries and disposals [158]. - Net cash flows from financing activities were approximately $32.2 million in Q1 2019, compared to less than $0.1 million in Q1 2018, indicating increased financing activity [159]. Future Expectations and Strategic Plans - The company expects second quarter 2019 adjusted earnings per diluted share to be consistent with the prior year quarter, influenced by Landair's service offerings and a slower freight market [91]. - The company aims to grow its Managed Freight segment and Truckload segment with more predictable long-term contracts to reduce business cyclicality [91]. - The company plans to deliver approximately 1,165 new company tractors and dispose of approximately 1,200 used tractors in 2019, with a potential fleet size decrease of up to 2.0% [154]. - The company expects to pay off approximately $40.0 to $60.0 million of financing and lease liabilities during 2019, unless strategic investments are made [154]. Investment and Equity - The equity investment in TEL contributed $3.0 million in pre-tax earnings, up from $1.5 million in the first quarter of 2018 [90]. - Income from equity method investment rose to $3.0 million in Q1 2019, up from $1.5 million in Q1 2018, driven by growth in lease offerings [143]. Cost Structure - Total fuel expense increased by approximately $0.7 million, or 2.4%, for the three months ended March 31, 2019, compared to the same quarter in 2018 [121]. - Net fuel expense increased by $0.7 million, or 10.2%, for the three months ended March 31, 2019, as compared to the same 2018 quarter [124]. - Revenue equipment rentals and purchased transportation increased by approximately $18.0 million, or 58.6%, for the three months ended March 31, 2019, compared with the same quarter in 2018 [127]. - Revenue equipment rentals and purchased transportation accounted for 22.2% of total revenue for the three months ended March 31, 2019, up from 17.7% in the same quarter in 2018 [127]. - The percentage of total miles run by independent contractors increased from 11.0% for the 2018 quarter to 12.6% for the 2019 quarter [127].

Covenant Transportation Group, Inc. (CVTI) Q1 2019 Results Conference Call April 26, 2019 10:30 AM ET Company Participants Richard Cribbs - Executive Vice President and Chief Financial Officer David Parker - Chairman and Chief Executive Officer Joey Hogan - President and Chief Operating Officer Conference Call Participants Scott Group - Wolfe Research Brad Delco - Stephens Jason Siedl - Cowen Kevin Sterling - Seaport Global Securities Operator Excuse me, everyone. We now have our presenters in conference. P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-24960 COVENANT TRANSPORTATION GROUP, INC. (Exact name of registrant as specified in its charter) Nevada 88-0320154 (State / other j ...

COVENANT TRANSPORTATION GROUP Stifel February 2018 DISCLOSURE STATEMENT 2 Forward-Looking Statements This presentation and discussion includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historica ...

Covenant Transportation Group, Inc. (CVTI) Q4 2018 Results Conference Call January 24, 2019 10:00 AM ET Company Participants Rich Cribbs - EVP and CFO David Parker - Chairman and CEO Joey Hogan - President and COO Conference Call Participants David Ross - Stifel Scott Group - Wolfe Research Kevin Sterling - Seaport Global Brad Delco - Stephens Nick Farwell - Arbor Group Operator Excuse me, everyone. We now have all of our speakers in conference. Please be aware that each of your line is in a listen-only mod ...