Forward Air Q4 2024 Earnings Report
Key Takeaways
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.
Delivered full year 2024 Consolidated EBITDA results near the top end of guidance range.
Executed more than $100 million in annualized cost synergies following Omni transaction.
The Intermodal segment maintained its steady performance and improved income from operations compared to a year ago.
Implemented corrective pricing actions during the fourth quarter in the Expedited Freight segment and are beginning to see results in line with expectations.
Forward Air
Forward Air
Forward Air Revenue by Segment
Forward Guidance
As we move to the growth phase of our evolution, our priorities in 2025 include technology system simplification and rationalization, global shared service efficiencies and expanding synergistic service offerings for our customers both domestically and around the world.
Positive Outlook
- Technology system simplification and rationalization
- Global shared service efficiencies
- Expanding synergistic service offerings for our customers domestically
- Expanding synergistic service offerings for our customers around the world
- Improved results and benefit the Company for many years to come.
Challenges Ahead
- More work to do
- Not satisfied with the results
- Corrective pricing actions during the fourth quarter
- Focus more on growing volume than profitability
- Transitioning from Integration to Transformation