secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001628280-23-035544
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forward Air Q3 revenue down 19%; adjusted EPS $0.99; Q4 guidance weak
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828023035544/0001628280-23-035544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828023035544/fwrd-20231030.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035544

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