{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-014664","form_type":"8-K","ticker":"FWRD","cik":"0000912728","company_name":"FORWARD AIR CORP","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.772388+00:00","generated_at":"2026-06-16T05:55:16.514952+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 Q1 EPS $1.37 beats on $0.24 one-time; revenue -8.5%; FY outlook reduced","bullets":["Q1 diluted EPS $1.37 beat guidance of $1.30-$1.34; includes $0.24 one-time from reversal of 2021 incentive plan accrual.","Revenue $427M, down 8.5% YoY, below low end of guidance (-4% to +2% revenue change).","FY2023 EPS target revised to $6.20-$6.60, implying decline from 2022; Q2 guidance EPS $1.28-$1.32 on revenue down 7-17%.","Q1 tonnage per day down 12% YoY; improved to -5% in recent weeks, suggesting potential early freight recovery.","Quarterly dividend of $0.24 per share declared, payable June 13, 2023 to holders of record May 25, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-014664","json":"https://secwatch.observer/filing/0001628280-23-014664.json","markdown":"https://secwatch.observer/filing/0001628280-23-014664.md","text":"https://secwatch.observer/filing/0001628280-23-014664.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912728/000162828023014664/0001628280-23-014664-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912728/000162828023014664/fwrd-20230501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:55:16.514952+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":"95bb0bf7f3255d7ef291ef2a74fd73fed1a3f6ff","claim":"FORWARD AIR CORP reported three months ended March 31, 2023 results: revenue $ 427,066, net income $ 36,368, EPS $ 1.37. Guidance lowered.","evidence_excerpt":"share of $2.04 in the second quarter of 2022.” Three Months Ended (in thousands, except per share data) March 31, 2023 March 31, 2022 Change Percent Change Operating revenue $ 427,066 $ 466,961 $ (39,895) (8.5) % Income from operations $ 50,509 $ 57,351 $ (6,842) (11.9) % Operating margin 11.8 % 12.3 % (50) bps Net income $ 36,368 $ 42,686 $ (6,318) (14.8) %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/912728/000162828023014664/0001628280-23-014664-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"label":"Revenue","value":"$ 427,066"},{"label":"Net income","value":"$ 36,368"},{"label":"EPS","value":"$ 1.37"},{"label":"Guidance","value":"lowered"},{"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"}