earnings
confidence high
sentiment negative
materiality 0.80
Forward Air Q4 revenue $633M (+87% YoY), net loss -$1.23/share; FY EBITDA $308M near top of guidance
FORWARD AIR CORP
2024-FY EPS reported
-$30.63
revenue$2,474,262,000
- Q4 revenue $633M (+87% YoY); operating income $76M includes $79M goodwill impairment adjustment.
- Full-year 2024 Consolidated EBITDA $308M, near top of guidance; achieved >$100M in annualized cost synergies.
- Net loss from continuing operations -$35.4M vs -$14.7M prior year; diluted EPS -$1.23 vs -$0.58.
- Liquidity $382M, down from $460M due to credit facility reduction and $60M interest payments.
- Expedited Freight segment impacted by pricing strategy; corrective actions implemented; Omni Logistics posted best quarterly EBITDA post-acquisition.