secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001628280-24-035637
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828024035637/0001628280-24-035637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828024035637/fwrd-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035637

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