Forward Air

Forward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. It operates through the following segments: Expedited LTL and Intermodal. The Expedited LTL segment provides expedited regional, inter-regional and national LTL, final mile and truckload services. The Intermodal segment provides first and last-mile high value intermodal container drayage services to and from seaports and railheads. The company was founded by Scott M. Niswonger on October 23, 1981 and is headquartered in Greeneville, TN.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Forward Air (FWRD) reports record year with focus on high-value freight and strategic growth initiatives

Forward Air (FWRD) navigated challenges in Q4 with a focus on high-value freight and cost management. Optimistic outlook for 2023 with growth initiatives targeting EPS ahead of 2022. Mitigation strategies in place for challenges like fuel headwinds and GRI adjustments.

Forward Air revises 2023 expectations, sees growth opportunities ahead

Forward Air revised its 2023 performance expectations lower due to Q1 challenges but remains focused on strategic initiatives for growth.
Despite revenue and cost management challenges, the company is seeing positive outcomes from its Go Forward strategy and operational improvements.
With a conservative outlook for Q2 and confidence in navigating the freight recession, Forward Air is poised for future growth opportunities.

Forward Air shows resilience in tough freight market, eyes growth

Forward Air navigated challenges in the freight market with improved tonnage trends and a strategic focus on high-value freight and service excellence.
The company's emphasis on margin expansion, industry-leading service levels, and proactive volume guidance positions it well for growth opportunities amidst market uncertainties.
Despite ongoing challenges and the need for cautious guidance, Forward Air remains resilient and adaptive, leveraging its strengths to drive profitability and customer satisfaction.
Opportunities in industrial sectors, margin expansion efforts, and strategic growth initiatives offer Forward Air avenues for growth and market expansion in the upcoming quarters.

Forward Air reports Q3 turnaround in LTL performance and strategic growth plans

Forward Air's Q3 performance showed improvement in LTL operations and a commitment to organic growth strategies. Despite challenges with the Omni acquisition and legal issues, the company is focused on stability and clarity for stakeholders. Opportunities exist in strategically growing the LTL business and deploying capital for growth initiatives.

Forward Air reports Q4 earnings decline, focuses on deleveraging

Forward Air's Q4 performance reflected challenges from one-off costs related to the Omni acquisition but showcased positive operational trends in its core business segments.
The company's focus on deleveraging and cost synergies post-merger highlights a commitment to financial stability and operational efficiency.
While facing challenges in 2023, Forward Air remains optimistic about opportunities for revenue growth, cost savings, and customer retention post-acquisition.

Forward Air reports Q1 revenue growth amidst EBITDA decline

Forward Air faced challenges in Q1 due to weak freight environment and distractions but expressed optimism for future performance.
Revenue growth in the less-than-truckload business was a highlight, with progress in Omni integration and cost synergies.
Management's confidence in meeting financial covenants, generating positive cash flow, and controlling costs is notable.
Actions taken to improve liquidity, deleverage, and achieve positive cash flow in the second half of the year show a proactive approach.

Forward Air reports robust Q2 revenue growth and transformation goals

Forward Air's Q2 2024 performance reflects strong revenue growth and improved EBITDA, driven by the Omni acquisition.
While facing challenges such as impairment charges and cash flow usage, the company is focused on operational enhancements and cost reductions.
Opportunities lie in the company's transformation goals, with a clear path to achieving breakeven to positive cash flow and continued financial improvement.

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Forward Air's (FWRD) CEO Tom Schmitt on Q3 2020 Results - Earnings Call Transcript

Forward Air Corporation's (FWRD) CEO Thomas Schmitt on Q3 2020 Results - Earnings Call Transcript

Shares of Forward Air (NASDAQ:FWRD) were flat in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 21.79% over the past year to $0.61, which beat the estimate of $0.43.

Forward Air: Q3 Earnings Insights

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company,” “we,” “our,” or “us”) today reported financial results for the three and nine months ended September 30, 2020 as presented in the tables below on a continuing operations basis (Pool Distribution is being reported as a discontinued operation). Tom Schmitt, Chairman, President and CEO, commenting on the Company's third quarter results said, “During the third quarter our teams did a great job of continuing t

Forward Air Corporation Reports Third Quarter 2020 Results

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Forward Air (FWRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Forward Air (FWRD) Q3 Earnings Expected to Decline

Forward Air (NASDAQ: FWRD) provided preliminary results for the third quarter of 2020 in a Wednesday evening 8-k filed with the U.S. Securities and Exchange Commission. The Greeneville, Tennessee-based trucking company expects earnings per share of approximately 60 cents, well above the current consensus estimates ranging from 40 to 43 cents per share but lagging the 2019 third quarter's 78 cents.

Forward Air pre-announces Q3 expectations well ahead of consensus

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its third quarter 2020 earnings after the market closes on Thursday, October 29, 2020 and hold a conference call to discuss those results on the following day, Friday, October 30, 2020 at 9:00 a.m. EDT. The Company's conference call will be available online on the Investor Relations portion of the Company's website at www.forwardaircorp.com, or by dialing (844) 867-6169, Access Code: 7690610. Because we use

Forward Air Corporation Announces Timing of Third Quarter 2020 Earnings Release and Conference Call

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments, such as the ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. As part of the inorganic growth strategy, Forward today announced that it has entered into an agreement to acquire the assets of Value Logistics, Inc. (“Value Logistics”), a privately

Forward Air Acquires Value Logistics, Inc. to Bolster Intermodal Drayage Offering

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company" or “Forward”) is executing a growth strategy that involves organic infrastructure investments such as the ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Today Forward announced an organic growth initiative, offering less-than-truckload (LTL) service in Columbia, Missouri and Roanoke, Virginia. Forward LTL will initially operate from the

Forward Air Corporation Announces New LTL Service in Columbia, MO and Roanoke, VA

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company or “Forward”) is executing a growth strategy that involves organic infrastructure investments, such as the ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses.

Forward Air Announces Acquisition of CLW Delivery, Inc.

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company or “Forward”) is executing a growth strategy that involves organic infrastructure investments as well as acquisitions of complementary businesses.

To Offset Rising Operating Costs and Continue Best-In-Class Expedited Service, Forward Air to Increase Surcharge on Origin California Shipments

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Forward Air Corporation (FWRD) CEO Tom Schmitt on Q2 2020 Results - Earnings Call Transcript

Forward Air Corporation (NASDAQ: FWRD) will continue to pursue the less-than-truckload (LTL) market more heavily now that the worst of the pandemic-related freight declines appear to be in the rearview mirror.

Forward Air To Expand Pursuit Of Traditional Less-Than-Truckload Market

Forward Air (FWRD) delivered earnings and revenue surprises of 73.68% and 1.70%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Forward Air (FWRD) Q2 Earnings and Revenues Top Estimates

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) today reported financial results for the three and six months ended June 30, 2020 as presented in the tables below on a continuing operations basis (Pool Distribution is being reported as a discontinued operation).

Forward Air Corporation Reports Second Quarter 2020 Results

Forward Announces New Chief Commercial Officer to Drive Strategic Growth

Earnings Preview: Forward Air (FWRD) Q2 Earnings Expected to Decline

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its second quarter 2020 earnings after the market closes on Thursday, July 30, 2020 and hold a conference call to discuss those results on the following day, Friday, July 31, 2020 at 9:00 a.m.

Forward Air Corporation Announces Timing of Second Quarter 2020 Earnings Release and Conference Call

GREENEVILLE, Tenn. & SAVANNAH, Ga.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company or “Forward”) is executing a growth strategy that involves organic infrastructure investments as well as acquisitions of complementary businesses. Today Forward announced an organic growth initiative and it will now offer less-than-truckload (LTL) service in Savannah, Georgia. Forward LTL will initially operate from the Company’s Final Mile facility in Savannah and will evaluate the future

Forward Air Corporation Announces New LTL Service in Savannah, Georgia

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