secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001628280-23-002800
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forward Air misses Q4 guidance; revenue record but EPS below range; Q1 outlook weak
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828023002800/0001628280-23-002800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828023002800/fwrd-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-002800

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