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Dec 31, 2021
Forward Air Q4 2021 Earnings Report
Reported all-time quarterly record revenue, net income, and net income per diluted share.
Key Takeaways
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.
Reported record revenue, net income, and net income per diluted share for the fourth quarter.
Less-than-truckload line of business reported record levels in weight per shipment and revenue per shipment.
Revenue growth of 31% exceeded the high end of the guidance range.
Net income per diluted share of $1.40 exceeded the high end of the guidance range.
Revenue by Segment
Forward Guidance
For the first quarter of 2022, Forward Air expects year-over-year revenue growth of 18% to 22% and net income per diluted share to be between $1.15 to $1.19.
Positive Outlook
- Expects first quarter year-over-year revenue growth of 18% to 22%.
- Expects net income per diluted share to be between $1.15 to $1.19.
- Volumes expected to exceed the same period of 2021.
- Revenue per shipment increased 54.8% in January.
- Weight per shipment increased 33.0% in January.
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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