Forward Air Q3 2020 Earnings Report
Key Takeaways
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.
Third quarter earnings per share exceeded guidance range.
Implemented pricing actions to improve operational performance and shipment-level profitability.
Board of Directors approved a 16.7% increase to the Company’s quarterly dividend.
Divested the Pool Distribution business.
Forward Air
Forward Air
Forward Air Revenue by Segment
Forward Guidance
The Company expects fourth quarter year-on-year revenue growth to be 6% to 10% and net income per diluted share to be between $0.71 and $0.75 in the fourth quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income