Forward Air(US:FWRD) The Motley Fool·2025-04-09 22:49Core Insights - Forward Air's share price surged nearly 32% following positive preliminary financial results, significantly outperforming the S&P 500 index's 9.5% increase [1] Financial Performance - The company reported preliminary first-quarter non-GAAP EBITDA is expected to be between $54 million and $59 million [2] - Liquidity, defined as cash, cash equivalents, and availability of funds from a senior secured term loan, is projected to rise to $392 million by the end of the quarter, reflecting a $10 million improvement from the previous quarter [3] Tariff Impact - Management indicated that 10% to 15% of its 2024 revenue is anticipated to come from countries affected by tariffs imposed during the Trump administration, which is considered a mild impact compared to other industries [4] Future Outlook - The company will release its audited first-quarter results on May 7, and potential tariff "pauses" or beneficial trade agreements could further boost Forward's stock performance [5]