secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001628280-24-027568
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Omni Newco 2023 revenue down 29% YoY to $1.32B; net loss $243M
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- Omni 2023 revenue $1,320.8M vs $1,872.3M in 2022; operating loss $70.6M vs income $116.7M.
- Net loss of $243.3M in 2023 vs net income $16.0M in 2022; members' deficit $80.4M.
- Long-term debt $1,466.8M, up from $1,347.1M; interest expense $165.4M.
- Goodwill $530.3M and intangible assets $746.6M; total assets $1,882.4M.
- Updated pro forma combined statements for Forward Air acquisition also filed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828024027568/0001628280-24-027568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828024027568/fwrd-20240610.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-027568

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