Forward Air Corporation Reports Fourth Quarter and Full Year 2024 Results

$FWRD
Oil Refining/Marketing
Consumer Discretionary
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Recent Analyst Ratings for
$FWRD

DatePrice TargetRatingAnalyst
5/28/2024Underperform → Peer Perform
Wolfe Research
1/10/2024Peer Perform → Underperform
Wolfe Research
8/29/2023$110.00 → $85.00Hold → Buy
Jefferies
8/28/2023Underperform → Peer Perform
Wolfe Research
8/15/2023$130.00 → $80.00Outperform → Neutral
Robert W. Baird
8/11/2023$127.00 → $103.00Buy → Hold
Stifel
8/11/2023$80.00Peer Perform → Underperform
Wolfe Research
8/11/2023Strong Buy → Mkt Perform
Raymond James
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$FWRD
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  • Forward Air Corporation Reports Fourth Quarter and Full Year 2024 Results

    Full year results near the top end of guidance range Executed more than $100 million in annualized cost synergies in first year following Omni transaction Transitioning from Integration to Transformation Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward Air", "we", "our", or "us") today reported financial results for the three and twelve months ended December 31, 2024 as presented in the tables below on a continuing operations basis, with the Company's former Final Mile business being reported as discontinued operations. "As we turn the page on the first year operating as a combined company following the acquisition of Omni, I want to express my gratitude to our associa

    $FWRD
    Oil Refining/Marketing
    Consumer Discretionary
  • Forward Air Corporation Announces Timing of Fourth Quarter and Full Year 2024 Earnings Release and Conference Call

    Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its fourth quarter and full year 2024 earnings after the market closes on Wednesday, February 26, 2025, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 445-7795, Access Code: FWRDQ424. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward Air is a leading asset-light provider of transpo

    $FWRD
    Oil Refining/Marketing
    Consumer Discretionary
  • Forward Air Announces Board Review of Strategic Alternatives to Maximize Shareholder Value

    Amends Senior Secured Term Loan Credit Agreement Implements Initial Phase of Transformation Strategy, Reducing Annual Operational Expenditures by Approximately $20 Million Reaffirms Full Year 2024 Consolidated EBITDA Guidance of $300 Million to $310 Million Forward Air Corporation (NASDAQ:FWRD) (the "Company" or "Forward") today announced that its Board of Directors has initiated a comprehensive review of strategic alternatives to maximize shareholder value. The Board will consider a range of options, including a potential sale, merger or other strategic or financial transaction relative to the long-term value potential of the Company on a standalone basis. George Mayes, Independent

    $FWRD
    Oil Refining/Marketing
    Consumer Discretionary

$FWRD
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$FWRD
Insider Trading

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$FWRD
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  • Forward Air Raises $350,000 for Veterans at Annual Drive for Hope Golf Tournament

    Forward Air Corporation (NASDAQ:FWRD) (the "Company" or "Forward") hosted the third annual Drive for Hope Golf Tournament November 11-12 at Chateau Elan Winery & Resort in Braselton, GA. Through its charitable platform, Operation Forward Freedom, the Company raised $350,000 to benefit Hope For The Warriors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241122287807/en/Forward Air Raised $350,000 for Hope For The Warriors at the Drive For Hope Golf Tournament (Photo: Business Wire) Founded in 2006, Hope For The Warriors is a national nonprofit dedicated to restoring a foundation of stability, strength and community for post-9/11

    $FWRD
    Oil Refining/Marketing
    Consumer Discretionary
  • Forward Air Announces New Chief Commercial Officer

    Forward Air Corporation (NASDAQ:FWRD) (the "Company" or "Forward") today announced that Eric Brandt has joined the Company as Chief Commercial Officer to lead its strategic growth plan and business development efforts. Mr. Brandt brings a strong track record of driving profitable growth in the logistics space, holding leadership roles at Agility, Panalpina, Kraft Foods and most recently, CEVA Logistics, where he served as Executive Vice President of Business Development. He will lead the combined company's commercial strategy and accelerate its ongoing mission of sustainable long-term growth. Shawn Stewart, Chief Executive Officer, said, "Eric will be a key player in launching the combine

    $FWRD
    Oil Refining/Marketing
    Consumer Discretionary
  • Forward Air Corporation Issues Statement

    Forward Air Corporation (NASDAQ:FWRD) (the "Company") today issued the following statement: The Forward Air Board of Directors and management acknowledge and value the perspectives of the Company's shareholders. The Company has recently undergone a significant transformation, including substantially refreshing its Board and management team, and is focused on continuing to provide industry leading service and executing its strategic plan with a renewed sense of continuous improvement, transparency and accountability. The refreshed Board and management team are actively analyzing the business and strategy to ensure the Company pursues the best path forward to enhance shareholder value. Forw

    $FWRD
    Oil Refining/Marketing
    Consumer Discretionary

$FWRD
Financials

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  • Forward Air Corporation Reports Fourth Quarter and Full Year 2024 Results

    Full year results near the top end of guidance range Executed more than $100 million in annualized cost synergies in first year following Omni transaction Transitioning from Integration to Transformation Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward Air", "we", "our", or "us") today reported financial results for the three and twelve months ended December 31, 2024 as presented in the tables below on a continuing operations basis, with the Company's former Final Mile business being reported as discontinued operations. "As we turn the page on the first year operating as a combined company following the acquisition of Omni, I want to express my gratitude to our associa

    $FWRD
    Oil Refining/Marketing
    Consumer Discretionary
  • Forward Air Corporation Announces Timing of Fourth Quarter and Full Year 2024 Earnings Release and Conference Call

    Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its fourth quarter and full year 2024 earnings after the market closes on Wednesday, February 26, 2025, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 445-7795, Access Code: FWRDQ424. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward Air is a leading asset-light provider of transpo

    $FWRD
    Oil Refining/Marketing
    Consumer Discretionary
  • Forward Air Corporation Reports Third Quarter 2024 Results

    Focus pivoting from completing Omni integration and capturing cost synergies to global transformation Stronger cash flow from operations led to increase in liquidity Announces addition of new Chief Commercial Officer Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months ended September 30, 2024, as presented in the tables below on a continuing operations basis, with the Company's former Final Mile business being reported as discontinued operations. "Our team continues to focus on harnessing the power of the combined legacy Forward and Omni companies as we begin the transition from integration to transformation a

    $FWRD
    Oil Refining/Marketing
    Consumer Discretionary

$FWRD
Large Ownership Changes

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