secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001628280-24-045008
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forward Air Q3 net loss $34.2M, EPS loss $2.62; guides 2024 EBITDA $300-310M
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- Revenue $655.9M (+92% YoY), operating income $22.7M, net loss $34.2M (diluted EPS -$2.62 vs $0.25 prior year).
- Consolidated EBITDA (non-GAAP) $77M in Q3 vs $81M prior quarter; FY2024 EBITDA guidance $300-310M.
- Expedited Freight segment underperformed due to decrease in revenue per hundredweight from customer mix/pricing.
- Liquidity $460M (up $15M QoQ); on track to capture $75M Omni synergies by Q1 2025.
- New Chief Commercial Officer hired (starts Jan 2025) to lead commercial transformation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828024045008/0001628280-24-045008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828024045008/fwrd-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045008

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