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Mar 31, 2022
Forward Air Q1 2022 Earnings Report
Forward Air reported all-time record quarterly revenue, income from operations, and net income per diluted share.
Key Takeaways
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.
All-time quarterly records were set for first quarter reported revenue, net income and net income per diluted share.
First quarter revenue growth of 29% exceeded the high end of guidance.
Reported net income per diluted share of $1.57 exceeded the high end of guidance.
Company is targeting $6.70 net income per diluted share in 2023 without any major acquisitions.
Revenue by Segment
Forward Guidance
The Company expects year-over-year revenue growth of 18% to 22% and net income per diluted share to be between $1.59 to $1.63 for the second quarter 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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