Forward Air Q2 EPS $0.76 GAAP ($0.91 adj) miss $1.28-1.32 guide; Q3 adj EPS guide $1.12-1.16

FORWARD AIR CORP

2023-Q2 EPS reported $2.13 revenue$829,248,000

Revenue $402.2M, down 21.9% YoY; income from operations $30.2M, down 60%.
Net income $19.95M ($0.76 diluted) vs $55.4M ($2.04) YoY; adjusted EPS $0.91.
Q3 2023 guidance: revenue decline 11%-21% YoY; adjusted EPS $1.12-$1.16.
LTL pounds per day improved sequentially; July current week shows +7% YoY growth.
Quarterly dividend $0.24/share, payable Sep 7 to holders of record Aug 17.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FORWARD AIR CORP reported financial results for the three and six months ended June 30, 2023.

Period: the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

Attached as Exhibit 99.1 and incorporated herein by reference is a copy of a press release, dated August 2, 2023 , announcing the financial results of Forward Air Corporation (the “Company”) for the three and six months ended June 30, 2023.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

FORWARD AIR CORP filing history →

Source: SEC EDGAR

accession 0001628280-23-026814

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