{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-035544","form_type":"8-K","ticker":"FWRD","cik":"0000912728","company_name":"FORWARD AIR CORP","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.374751+00:00","generated_at":"2026-06-09T06:31:30.998599+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Forward Air Q3 revenue down 19%; adjusted EPS $0.99; Q4 guidance weak","bullets":["Revenue $413.4M (-18.9% YoY); net income $9.3M ($0.36 diluted EPS).","Adjusted net income per diluted share $0.99 vs $1.93 GAAP in prior year.","Q4 2023 guidance: revenue decline 7-17% YoY; adjusted EPS $0.98-$1.02 vs $1.65 prior.","Board declares $0.24/share quarterly dividend, payable Dec 7 to holders Nov 22.","Company accelerating strategic portfolio review; LTL volumes improve, intermodal weak."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-035544","json":"https://secwatch.observer/filing/0001628280-23-035544.json","markdown":"https://secwatch.observer/filing/0001628280-23-035544.md","text":"https://secwatch.observer/filing/0001628280-23-035544.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912728/000162828023035544/0001628280-23-035544-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912728/000162828023035544/fwrd-20231030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:31:30.998599+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":"326c145f75cee818574fd2f8e5828812e8ac29a0","claim":"FORWARD AIR CORP reported three and nine months ended September 30, 2023 results: revenue $413,447, net income $9,288, EPS $0.36. Guidance lowered.","evidence_excerpt":"of $1.65 in the fourth quarter of 2022.” Three Months Ended (in thousands, except per share data) September 30, 2023 September 30, 2022 Change Percent Change Operating revenue $ 413,447 $ 510,023 $ (96,576) (18.9) % Income from operations $ 15,493 $ 71,665 $ (56,172) (78.4) % Operating margin 3.7 % 14.1 % (1,040) bps Net income $ 9,288 $ 52,133 $ (42,845) (82.2)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/912728/000162828023035544/0001628280-23-035544-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and nine months ended September 30, 2023"},{"label":"Revenue","value":"$413,447"},{"label":"Net income","value":"$9,288"},{"label":"EPS","value":"$0.36"},{"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"}