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Dec 31, 2019
Forward Air Q4 2019 Earnings Report
Reported record fourth quarter and full year revenue, cash flow from operations and free cash flow, and created new Expedited Freight segment.
Key Takeaways
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.
Record fourth quarter revenue was achieved.
A new Expedited Freight segment was created.
Cash flow from operations increased to $43.7 million.
Free cash flow reached $41.4 million.
Revenue by Segment
Forward Guidance
The Company expects significant Final Mile revenue growth following the January 12th closing of our previously announced Linn Star acquisition, which we expect will drive consolidated first quarter year-on-year revenue growth of 13% to 17%. We expect net income per diluted share to be between $0.58 and $0.62 in the first quarter of 2020, reflecting continued headwinds from a soft macro environment as well as higher insurance-related costs.
Positive Outlook
- Significant Final Mile revenue growth expected.
- Consolidated first quarter year-on-year revenue growth of 13% to 17% expected.
Challenges Ahead
- Continued headwinds from a soft macro environment.
- Higher insurance-related costs.
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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