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Forward Air Corp. (FWRD)
NASDAQ:FWRD
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.44Last Year’s EPS
-0.64Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -29.83%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Forward Air demonstrated strong performance in integration and cost savings, with notable achievements in EBITDA and positive cash flow transition. However, these positive aspects were offset by challenges in the Expedited Freight segment and sequential revenue decline, leading to a balanced sentiment.Company Guidance
During the Forward Air Fourth Quarter and Full Year 2024 Earnings Conference Call, the company provided several metrics and insights into its performance and future priorities. For the full year 2024, Forward Air reported consolidated EBITDA of $308 million, near the top of its guidance range of $300 million to $310 million. The company achieved $75 million in integration synergies and cost savings from the Omni transaction and aims to exceed this target. The fourth quarter saw consolidated revenue of $633 million, an 87% increase from the prior year, although sequentially it decreased by 3.5%. The Expedited Freight segment faced challenges with a 4.7% reduction in revenue to $266 million, primarily due to a 5.8% decline in revenue per hundredweight and a 4.3% decrease in tonnage per day. Despite these challenges, Forward Air executed cost reduction actions amounting to $100 million in annualized savings. For 2025, the company plans to focus on driving profitable growth, improving IT systems, and establishing a global shared services organization to enhance operational efficiency.Full Year 2024 EBITDA Achievement
For the full year 2024, Forward Air reported consolidated EBITDA of $308 million, which was near the top of the guidance range of $300 million to $310 million.
Integration Synergies Exceeded
Forward Air delivered on the targeted $75 million of integration synergies and cost savings from the Omni transaction and is on pace to exceed the initial target.
Operational Improvements and Cost Reductions
The company executed on more than $100 million in annualized savings from synergies and cost-out actions, contributing to a more financially efficient company.
Omni Logistics Segment Performance
The Omni Logistics segment achieved its best quarterly reported EBITDA result since the transaction, showing significant improvement in performance.
Positive Cash Flow Transition
Forward Air inflected to cash flow positive in the second half of 2024, with net cash provided by operating activities amounting to $20 million in the second half.
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FWRD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FWRD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $25.75 | $23.00 | -10.68% |
| Nov 04, 2024 | $33.73 | $36.50 | +8.21% |
| Aug 07, 2024 | $22.50 | $27.24 | +21.07% |
| May 09, 2024 | $21.51 | $16.76 | -22.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Forward Air Corp. (FWRD) report earnings?
Forward Air Corp. (FWRD) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Forward Air Corp. (FWRD) earnings time?
Forward Air Corp. (FWRD) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FWRD EPS forecast?
FWRD EPS forecast for the fiscal quarter 2025 (Q1) is -0.44.
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