Forward Air Q2 2025 revenue $619M; net loss $(0.41)/share; EBITDA margins improve

FORWARD AIR CORP

2025-Q2 EPS reported -$2.09 revenue$1,232,125,000

Revenue $618.8M, down 3.9% YoY from $643.7M; income from operations $19.5M vs loss $1.1B a year ago.
Net loss from continuing ops $(20.4M) or $(0.41) diluted EPS, improving from $(966.5M) or $(23.29) in Q2 2024.
Consolidated EBITDA (per credit agreement) $74M; last twelve months EBITDA $298M.
Expedited Freight segment EBITDA margin highest in six quarters; pricing actions and cost controls cited.
Liquidity $368M at June 30, 2025, down from $393M at Q1 end due to $34M semi-annual interest payment.

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