Forward Air Earnings Reports

Forward Air reported Q4 2024 results, including consolidated revenue of $633 million and income from continuing operations of $76 million, which includes a $79 million goodwill impairment adjustment. The company delivered full year 2024 Consolidated EBITDA results near the top end of their guidance range and achieved over $100 million in annualized cost synergies.

Forward Air Corporation reported a net loss of $966.471 million and revenue of $643.666 million for Q2 2024. Consolidated EBITDA increased to $81.325 million from approximately $55 million in the first quarter. The company realized approximately $14 million in cost synergy capture and anticipates full run-rate savings earlier than previously anticipated.

Forward Air reported a challenging first quarter in 2024, with results impacted by weak freight demand and pricing pressure. The acquisition of Omni Logistics contributed $225 million in revenues but also negatively impacted adjusted EBITDA. The company is taking steps to improve profitability, with early positive indicators seen in sequential revenue growth in April.

Forward Air Corporation reported a 16% decline in revenue compared to the previous year, driven by challenging market conditions and decreased demand for intermodal and truckload brokerage services, partially offset by positive trends in less-than-truckload services. The company's adjusted net income per diluted share was $0.81, exceeding the guidance range. The acquisition of Omni Logistics was completed, positioning the combined entity as a premier provider for mission-critical freight transportation.

Forward Air Corporation reported a 19% decrease in revenue for Q3 2023, with net income per diluted share at $0.36 and adjusted net income per diluted share at $0.99. The company saw positive volume trends in LTL and growth with domestic freight forwarders and direct shippers, but faced challenges due to weak demand in intermodal and truckload brokerage services.

Forward Air Corporation reported a decline in revenue and net income for Q2 2023 due to challenging market conditions in intermodal and truckload brokerage. However, the company saw positive momentum in less-than-truckload services and is focused on revenue growth strategies and network expansion.

Forward Air Corporation reported a decrease in revenue by 9% due to softer than anticipated demand, but net income per diluted share of $1.37 exceeded the high end of the guidance range. Revenue quality continues to improve as revenue per ton mile increased for both airport-to-airport and door-to-door services. The company is targeting a net income per diluted share of $6.20 to $6.60 for the full year 2023.

Forward Air Corporation reported a record fourth quarter with a 5% revenue growth, but missed its own guidance due to unexpected decrease in shipment sizes. Despite these challenges, the company grew its LTL direct shipper customer count by more than 200% from Q4 2021 to Q4 2022 and saw an increase in industrial and electronics shipments.

Forward Air Corporation reported a record-breaking third quarter in 2022, with revenue, net income, and net income per diluted share reaching all-time highs. The company's focus on higher quality freight and collaboration with customers led to strong financial performance.

Forward Air Corporation reported a strong second quarter in 2022, achieving record quarterly revenue, income from operations, and net income per diluted share. Revenue growth exceeded guidance, driven by the company's Grow Forward strategy.

Forward Air Corporation reported strong first quarter results with record quarterly revenue, net income, and net income per diluted share. Revenue growth exceeded guidance, driven by strong demand and higher quality freight.

Forward Air Corporation reported record fourth-quarter results with revenue reaching an all-time high, driven by solid growth strategies and strong demand. Revenue increased by 31%, exceeding the high end of the guidance range. Net income per diluted share also exceeded expectations, marking the best quarterly financial performance in the company's history.

Forward Air Corporation reported strong Q3 2021 results, achieving record quarterly income from operations of $42.5 million and net income per diluted share of $1.12. The company's revenue grew by 26% year-over-year, driven by strategic freight management and strong operating margin expansion in the Expedited Freight segment.

Forward Air reported record second-quarter results, driven by focus on Expedited Freight and Intermodal segments and solid revenue management. Revenue exceeded guidance, and net income per diluted share also surpassed expectations.

Forward Air Corporation reported record first quarter revenue, exceeding the high end of their guidance range. The company's net income per diluted share also exceeded the high end of their guidance.

Forward Air Corporation reported record fourth-quarter revenue driven by growth strategies, despite a temporary interruption of operations due to a cyber attack and an increase to an earn-out liability related to a prior acquisition. Excluding these impacts, the company would have exceeded the high end of its net income per diluted share guidance range.

Forward Air Corporation reported a 5.8% increase in operating revenue, reaching $331.997 million, but experienced a 19.4% decrease in income from operations, with earnings per share at $0.61. The company also announced a 16.7% increase in its quarterly dividend.

Forward Air Corporation reported a decrease in operating revenue and income from operations compared to the same quarter last year, but experienced a rebound in June with revenue and operating income exceeding the previous year's levels, after adjusting for one-time items. The company also reported positive operating and free cash flow.

Forward Air Corporation reported a 6.5% increase in revenue for the three months ended March 31, 2020, reaching $342.5 million compared to $321.5 million in the same period in 2019. However, income from operations decreased to $11.7 million from $24.7 million, and net income declined to $8.4 million from $18.4 million in the prior year period, impacted by COVID-19.

Forward Air Corporation reported a 7.0% increase in revenue for Q4 2019, reaching $381.5 million. Net income was $24.2 million, or $0.85 per diluted share. The company generated $43.7 million in cash flow from operations and $41.4 million in free cash flow.