{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-021897","form_type":"8-K","ticker":"FWRD","cik":"0000912728","company_name":"FORWARD AIR CORP","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.420861+00:00","generated_at":"2026-06-02T08:12:23.458945+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Forward Air Q1 net loss $88.8M; appoints Shawn Stewart CEO; Omni integration in progress","bullets":["Q1 net loss of $88.8M ($2.35 diluted loss) vs net income of $33.9M ($1.27) in Q1 2023.","Operating revenue $541.8M (+51.5%) includes $225M from Omni from Jan 25; Omni contributed ($5.9M) adjusted EBITDA.","Appointed Shawn Stewart as CEO; he pledges to improve profitability and capture synergies.","Legacy (ex-Omni) adjusted EBITDA declined 41% YoY; April showed 6% sequential revenue growth vs 15% decline in prior year.","Cost synergies on track; full-year 2024 guidance to be provided on Q2 earnings call."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-021897","json":"https://secwatch.observer/filing/0001628280-24-021897.json","markdown":"https://secwatch.observer/filing/0001628280-24-021897.md","text":"https://secwatch.observer/filing/0001628280-24-021897.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912728/000162828024021897/0001628280-24-021897-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912728/000162828024021897/fwrd-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T08:12:23.458945+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":"76679194113c86512ec0a0837a7683e0cc5992e1","claim":"FORWARD AIR CORP reported three months ended March 31, 2024 results: revenue $541,813, net income $(88,794), EPS $(2.35).","evidence_excerpt":"synergies are fully realized by the end of 2025.” Three Months Ended (in thousands, except per share data) March 31, 2024 March 31, 2023 Change Percent Change Operating revenue $ 541,813 $ 357,709 $ 184,104 51.5 % (Loss) income from operations $ (65,732) $ 47,196 $ (112,928) (239.3) % Operating margin (12.1) % 13.2 % (2,530) bps Net (loss) income $ (88,794) $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/912728/000162828024021897/0001628280-24-021897-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$541,813"},{"label":"Net income","value":"$(88,794)"},{"label":"EPS","value":"$(2.35)"},{"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"}