secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001628280-23-041649
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Omni Newco YTD net loss $171.2M, revenue down 29% YoY
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- Nine-month revenue $998.9M vs $1.407B in prior year; net loss $171.2M vs net income $8.5M.
- Operating loss $49.0M; interest expense $122.1M; negative members' equity $10.2M.
- Cash from operations negative $95.4M vs positive $117.5M; total debt $1.44B.
- Contingent consideration liability $54.9M; goodwill $530.5M as of Sep 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828023041649/0001628280-23-041649-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828023041649/fwrd-20231215.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-041649

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer