Forward Air files pro forma financials for Omni acquisition; pro forma net loss of $89.4M

FORWARD AIR CORP

Pro forma combined revenues for 9mo Sep 30, 2023: $2.214B; net loss attributable to common: $89.4M.
Pro forma combined assets of $4.376B as of Sep 30, 2023, including goodwill of $1.658B.
Estimated purchase price of ~$2.645B; comprised of $150M cash, equity, and contingent consideration.
Financing includes $725M 9.500% senior secured notes due 2031, $1.125B term loan B, and $400M revolver.
Pro forma EPS for 9mo 2023: basic ($3.35), diluted ($3.35) vs prior standalone FWRD EPS of $2.51.

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