Forward Air Q2 revenue record $673M, but $244M goodwill impairment drives net loss of $244M

FORWARD AIR CORP

Q2 revenue $673M (record), up 8.8% YoY; operating loss $201M includes $244M non-cash goodwill impairment in Omni Logistics.
Excluding impairment, operating income $43M, more than double prior year's $20M.
Net loss from continuing ops $243.9M ($6.33/diluted share) vs $20.4M loss ($0.41) last year.
Consolidated EBITDA $93M, up from $79M; LTM EBITDA $319M per credit agreement.
Liquidity $401M ($139M cash + $261M credit facility); Expedited Freight segment best in 2.5 years.

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