Forward Air reports Q2 net loss of $966M; sees 2024 EBITDA of $310-325M

FORWARD AIR CORP

2024-Q2 EPS reported -$27.71 revenue$1,185,479,000

Operating revenue $644M, +93% YoY on Omni deal; net loss $966M ($23.29 diluted loss).
Consolidated EBITDA (non-GAAP) rose to $81M in Q2 from $55M in Q1; $14M cost synergy captured.
FY 2024 consolidated EBITDA guidance $310-325M; expects full synergy run-rate by Q1 2025.
Jamie Pierson named CFO; CEO Shawn Stewart cites sales wins and integration progress.

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