secwatch.observer — SEC 8-K summary
======================================

Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001628280-24-007719
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forward Air Q4 net loss $14.7M, revenue down 16%; adjusted EPS $0.81 beats guidance
--------------------------------------------------------------------------------

- Net loss of $14.7M ($0.58 diluted loss) vs net income of $39M ($1.45) in Q4 2022.
- Revenue $338M, down 16% YoY; LTL pounds per day +6%, weight per shipment +11%.
- Adjusted diluted EPS $0.81, above guidance range of $0.78-$0.80.
- Closed Omni Logistics acquisition on Jan 25, 2024; temporarily suspending earnings guidance due to integration.
- On-time service 98%, cargo claims ratio 0.09%; intermodal and truckload brokerage demand weaker.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828024007719/0001628280-24-007719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828024007719/fwrd-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007719

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