secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001628280-25-049509
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forward Air Q3 revenue down 3.7% to $632M; net loss narrows to $23.8M
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- Revenue $632M vs $656M YoY; operating income $15M vs $23M.
- Net loss from continuing ops $23.8M ($0.52 diluted EPS) vs $34.2M ($2.62) YoY.
- Omni segment revenue $340M (+$5M YoY), EBITDA $33M (+$6M); Expedited Freight margin 11.5%.
- Consolidated EBITDA $78M vs $86M; LTM EBITDA $299M.
- Cash from ops YTD $67M (vs -$46M prior year); liquidity $413M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828025049509/0001628280-25-049509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828025049509/fwrd-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-049509

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