secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2026-08-05T20:00:18+00:00
Accession:  0001628280-26-053272
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828026053272/0001628280-26-053272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828026053272/fwrd-20260805.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-053272

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