{"filings":[{"id":99690,"accession_number":"0001628280-26-032056","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q1 op income rises to $20M; net loss $40M; customer transition risk ~$250M rev","event_type":"earnings","confidence":"high","bullets":["Q1 revenue $582M (-5.1% YoY); income from operations $20.4M vs $4.8M YoY; net loss $40.2M ($1.09 loss per share) improved from $61.2M loss.","Expedited Freight EBITDA $28M (10.4% margin); Omni $25M (8.3%); Intermodal $5M (10.1%) down from $10M YoY.","Liquidity $402M ($141M cash + $261M availability); cash from ops $46M vs $28M YoY.","One customer (~$250M 2025 revenue) may transition business starting early 2027; no termination notice yet.","Board ended strategic sale review with no proposals; now pursuing sale of Intermodal segment and two smaller Omni businesses."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":582046000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99689,"accession_number":"0001104659-26-051629","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2026-04-29T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Two Forward Air directors will not stand for re-election; board to shrink from 7 to 5","event_type":"leadership","confidence":"high","bullets":["Charles L. Anderson and Robert L. Edwards, Jr. will not stand for re-election at June 17, 2026 annual meeting.","Both were designated by Ridgemont Equity Partners; departures not due to any disagreement with company.","Board will reduce size from seven to five directors effective after the 2026 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115849,"accession_number":"0001628280-26-010569","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2026-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q4 operating loss of $2.9M; EBITDA improves to $77M, Omni segment strong","event_type":"earnings","confidence":"high","bullets":["Revenue $631M flat YoY; operating loss of $2.9M vs $75.9M profit in Q4 2024.","Net loss per diluted share ($0.91) vs ($1.23) YoY; full year cash from ops improved to $44M from ($69M).","Q4 Consolidated EBITDA (non-GAAP) $77M vs $72M YoY; full year $307M vs $311M.","Omni segment revenue $360M (+$34M YoY), EBITDA $36M (+$4M), margin 10%; Expedited Freight EBITDA margin 10.1% vs 6.6%.","Intermodal segment EBITDA $7M vs $10M, margin 14.2% vs 17.5%; liquidity $367M."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.51,"consensus_revenue_estimate":null,"consensus_revenue_actual":2495118000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132266,"accession_number":"0001628280-25-049509","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q3 revenue down 3.7% to $632M; net loss narrows to $23.8M","event_type":"earnings","confidence":"high","bullets":["Revenue $632M vs $656M YoY; operating income $15M vs $23M.","Net loss from continuing ops $23.8M ($0.52 diluted EPS) vs $34.2M ($2.62) YoY.","Omni segment revenue $340M (+$5M YoY), EBITDA $33M (+$6M); Expedited Freight margin 11.5%.","Consolidated EBITDA $78M vs $86M; LTM EBITDA $299M.","Cash from ops YTD $67M (vs -$46M prior year); liquidity $413M."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.6,"consensus_revenue_estimate":null,"consensus_revenue_actual":1863888000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132265,"accession_number":"0001628280-25-045052","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-10-15T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Forward Air CIO resigns; Jason Ringgenberg named interim CIO","event_type":"leadership","confidence":"high","bullets":["Joseph M. Tomasello resigned as CIO effective October 13, 2025.","Jason Ringgenberg appointed interim CIO effective October 14, 2025.","Ringgenberg previously served as CIO of Yellow Corp (2017-2023) and YRC Freight (2014-2017).","Spent over twenty years at Accenture leading its Global Freight and Logistics Industry Program."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148846,"accession_number":"0000912728-25-000005","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-09-02T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director Michael B. Hodge resigns from Forward Air Board; Eve Omni waives designation rights","event_type":"leadership","confidence":"high","bullets":["Michael B. Hodge resigned effective August 29, 2025; no disagreement with company cited.","Eve Omni Investor, LLC waived its director designation rights under the 2024 Shareholders Agreement.","Board size reduced from eight to seven directors following the resignation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148845,"accession_number":"0001628280-25-039528","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-08-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q2 2025 revenue $619M; net loss $(0.41)/share; EBITDA margins improve","event_type":"earnings","confidence":"high","bullets":["Revenue $618.8M, down 3.9% YoY from $643.7M; income from operations $19.5M vs loss $1.1B a year ago.","Net loss from continuing ops $(20.4M) or $(0.41) diluted EPS, improving from $(966.5M) or $(23.29) in Q2 2024.","Consolidated EBITDA (per credit agreement) $74M; last twelve months EBITDA $298M.","Expedited Freight segment EBITDA margin highest in six quarters; pricing actions and cost controls cited.","Liquidity $368M at June 30, 2025, down from $393M at Q1 end due to $34M semi-annual interest payment."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":1232125000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148844,"accession_number":"0001628280-25-034880","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-07-14T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Jerome Lorrain appointed Executive Chairman of Forward Air; $450k salary plus equity awards","event_type":"leadership","confidence":"high","bullets":["Jerome Lorrain named Executive Chairman; base salary $450,000 annually; no 2025 cash bonus.","Sign-on equity award of $500,000 (60% performance shares, 40% time-based RSUs vesting over 3 years).","Special grant of 25,000 performance-based restricted shares tied to strategic review milestones.","Starting in 2026, eligible for annual LTIP of at least $750,000 in similar equity mix."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167727,"accession_number":"0001628280-25-031182","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K12B","filed_at":"2025-06-13T23:59:59+00:00","items":["3.03","5.02","5.07","5.03","7.01","9.01"],"status":"ready","headline":"Forward Air shareholders approve Delaware reincorporation; board reduced to eight after three resignations","event_type":"leadership","confidence":"high","bullets":["George Mayes resigned after receiving more withhold (18.9M) than for (14.7M) votes; Polit and Tucker voluntarily resigned.","Board reduced from 11 to 8 directors; all appointed since January 2024 as part of refreshment.","Jerome Lorrain (former CEVA COO) appointed Executive Chairman; Paul Svindland named Lead Independent Director.","Shareholders approved Delaware reincorporation, 2025 Omnibus Incentive Plan, and Non-Employee Director Stock Plan.","Board continues strategic alternatives review to improve operating results and maximize shareholder value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}