secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001628280-23-026814
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828023026814/0001628280-23-026814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828023026814/fwrd-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-026814

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