NEWS RELEASE FORWARD AIR CORPORATION REPORTS SECOND QUARTER 2024 RESULTS Positive momentum despite softness in freight market Continues to accelerate integration, synergy capture and cost elimination GREENEVILLE, Tenn. – (BUSINESS WIRE) – August 7, 2024 – Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months ended June 30, 2024, as presented in the tables below on a continuing operations basis, with the Company's former Final Mile b ...

Long-suffering shareholders of Forward Air (FWRD -0.42%) got a boost in June following reports that an activist investor is building a stake in the transportation and logistics company. Shares of Forward spiked nearly 20% on the news and finished June up 13.3%, according to data provided by S&P Global Market Intelligence. The deal closed in January but cost Forward's CEO his job. It is now up to new management to properly integrate Omni in what is a sluggish demand environment for transportation. Irenic, ac ...

A bad deal creates bad results Forward Air is an asset-light provider of transportation services. The stock has been under pressure since last year when the company announced its intention to acquire Omni Logistics. The deal raised objections from activist investors who argued that Forward Air was overpaying. The deal closed in January, and in early May, Forward Air announced a $0.64 per-share quarterly loss on revenue of $541.8 million. This was considerably worse than the $0.11 per-share loss on sales of ...

BRAZIL - 2022/07/28: In this photo illustration, the Forward Air Corporation logo is displayed on a ... [+] smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The stock price of Forward Air (NASDAQ: FWRD), an asset-light freight and logistics company with operations in the United States and Canada, trades at $15 per share, about 90% below its peak level of $125 seen in January 2022. FWRD stock was trading at $92 in ear ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-22490 FORWARD AIR CORPORATION (Exact name of registrant as specified in its charter) | Tennessee | 62-1120025 | | --- | --- | | (State or other jurisdiction of incorporation) | ...

Forward Air Corporation (NASDAQ:FWRD) Q1 2024 Results Conference Call May 9, 2024 10:00 AM ET Company Participants Michael Hance - Interim CEO, Chief Legal Officer & Secretary Rebecca Garbrick - CFO & Treasurer Shawn Stewart - Incoming CEO Conference Call Participants Andrew Cox - Stifel Bascome Majors - Susquehanna Stephanie Moore - Jefferies Christopher Kuhn - Benchmark Tyler Brown - Raymond James Operator At this time, all participants have been placed in a listen-only mode and the floor will be open for ...

The embattled trucking company has a tough road ahead.Shipping company Forward Air (FWRD -22.25%) reported a disappointing quarter, weighed down by market conditions and a controversial acquisition. Investors are taking the exit ramp, sending Forward shares down as much as 40% for the day and down 25% as of 2:15 p.m. ET.Tough conditions, even worse quarterForward is an asset-light provider of transportation services. In January, the company completed a deal for Omni Logistics over the objections of an activ ...

The market expects Forward Air (FWRD) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they mi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 Commission file number: 000-22490 OR Securities registered pursuant to Section 12(b) of the Act: | Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | | --- | --- | --- | | Common Stock, $0.01 par value | FWRD | The Nasdaq Stock Market LLC | Securities registered p ...

Forward Air Corporation (NASDAQ:FWRD) Q4 2023 Earnings Call Transcript February 29, 2024 9:00 AM ET Company Participants Michael Hance - Interim CEO, Chief Legal Officer & Secretary Rebecca Garbrick - CFO & Treasurer Conference Call Participants Scott Group - Wolfe Research Bascome Majors - Susquehanna Tyler Brown - Raymond James Joe Hafling - Jefferies Christopher Kuhn - The Benchmark Company Matt Milask - Stifel Operator Good day, and welcome to the Forward Air Fourth Quarter and Full Year 2023 Earnings C ...