{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-002800","form_type":"8-K","ticker":"FWRD","cik":"0000912728","company_name":"FORWARD AIR CORP","filed_at":"2023-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.519424+00:00","generated_at":"2026-06-19T22:15:25.184558+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Forward Air misses Q4 guidance; revenue record but EPS below range; Q1 outlook weak","bullets":["Q4 revenue $481.2M (+4.6% YoY); net income $42.9M, diluted EPS $1.60 vs guidance $1.98-$2.02.","Adjusted diluted EPS $1.65 also missed guidance; weight per shipment fell >12% from inventory destocking.","Full year 2022: revenue +18.7%, operating margin +390 bps, net income per diluted share +69.2% (record).","Q1 2023 guidance: revenue flat to down 4% YoY; EPS $1.30-$1.34 vs $1.57 in prior year.","Board declares $0.24 quarterly dividend, payable March 17 to record holders March 2."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-002800","json":"https://secwatch.observer/filing/0001628280-23-002800.json","markdown":"https://secwatch.observer/filing/0001628280-23-002800.md","text":"https://secwatch.observer/filing/0001628280-23-002800.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912728/000162828023002800/0001628280-23-002800-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912728/000162828023002800/fwrd-20230208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T22:15:25.184558+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e5f34d1618b64fc93764f67d76548049e7706d74","claim":"FORWARD AIR CORP reported the three months ended December 31, 2022 results: revenue $ 481,200, net income $ 42,942, EPS $ 1.60. Guidance initiated.","evidence_excerpt":"Operating revenue $ 481,200 $ 459,929 $ 21,271 4.6 % Income from operations $ 61,415 $ 51,977 $ 9,438 18.2 % Operating margin 12.8 % 11.3 % 150 bps Net income $ 42,942 $ 38,197 $ 4,745 12.4 % Net income per diluted share $ 1.60 $ 1.40 $ 0.20 14.3 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/912728/000162828023002800/0001628280-23-002800-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2022"},{"label":"Revenue","value":"$ 481,200"},{"label":"Net income","value":"$ 42,942"},{"label":"EPS","value":"$ 1.60"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fc989758c97bbc061b3ee78374dd3d9eb83d88c2","claim":"FORWARD AIR CORP updated its the twelve months ended December 31, 2022 guidance (initiated).","evidence_excerpt":"Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three and twelve months ended December 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/912728/000162828023002800/0001628280-23-002800-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the twelve months ended December 31, 2022"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}