Forward Air revises Q1 GAAP EPS downward by $0.46 to $(2.81) due to preferred unit dividend

FORWARD AIR CORP

2024-Q1 EPS reported -$2.81 revenue$541,813,000

Net loss per diluted share adjusted from previously reported figure to $(2.81), a $0.46 decrease.
Revision stems from impact of dividend payment on Opco Series C-2 Preferred Units.
No change to adjusted net loss per diluted share, which remains as previously reported.
Original Q1 2024 press release issued May 8, 2024; correction filed May 15, 2024.

item 2.02

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FORWARD AIR CORP reported three months ended March 31, 2024 results: EPS $(2.81).

Period: three months ended March 31, 2024
EPS: $(2.81)
Result: preliminary results

Exact text from the filing

The Company’s net (loss) income per diluted share for the three months ended March 31, 2024 decreased by $0.46 to $(2.81).

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Source: SEC EDGAR

accession 0001628280-24-023599

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