FWRD
Forward Air Corporation25.67
-0.25-0.97%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
802.14MP/E (TTM)
-Basic EPS (TTM)
-4.05Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Forward Air posted Q3 revenue of $631.8M, down 3.7% y/y from $655.9M on softer Expedited Freight volumes, yet Omni Logistics grew 1.5% y/y to $339.6M via stronger contract logistics demand. Operating income held at $15.0M, off 33.9% y/y, with Omni margins jumping to 2.9% from 0.3% on synergies despite higher intangible amortization. Cash swelled to $140.4M on $67.1M YTD operating cash flow (FCF $46.3M derived), revolver fully available at $273M amid $1.7B debt. Omni closed Jan 2024 for $1.6B cash plus equity, recognizing $1.3B goodwill (per Note 2). Tariffs cloud freight volumes.
8-K
Q3 resilience amid recession
Forward Air posted Q3 revenue of $632M, down 3.7% amid freight recession, yet Omni Logistics surged to $340M revenue and $33M EBITDA—its best since acquisition. Expedited Freight held 11.5% EBITDA margin with pricing gains. Liquidity hit $413M on $53M operating cash flow. Integration advances One Ground Network.
8-K
CIO resigns; interim named
8-K
Director Hodge resigns
Forward Air director Michael B. Hodge resigned from the board on August 29, 2025, effective immediately, citing personal reasons with no disagreements over operations or policies. He left the Corporate Governance and Nominating Committee. Eve Omni waived its director designation rights under the January 2024 Shareholders Agreement. Board shrinks from eight to seven.
8-K
Q2 profit swing amid recession
Forward Air reported Q2 revenue of $619M, down 3.9% YoY amid freight recession, yet swung to $20M operating income from prior losses. Expedited Freight hit highest EBITDA margin in six quarters via pricing hikes and cost cuts; Consolidated EBITDA climbed to $74M sequentially. Omni Logistics grew revenue 5.3%. Liquidity stands at $368M. Cash flow turned positive.
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