Forward Air (FWRD)
Moves high-value freight through expedited ground, forwarding, contract logistics, and drayage networks.
$15.02
After hours−0.12 (−0.79%)
At close$15.14(+3.77%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 341 | 128 | 542 | 644 | 656 | 633 | 613 | 619 | 632 | 631 | 582 | 673 |
| Cost of revenue | 264 | 92 | 482 | 566 | 546 | 541 | 538 | 504 | 617 | 535 | 562 | 537 |
| Gross profit | 77 | 36 | 60 | 77 | 110 | 92 | 75 | 115 | 15 | 96 | 20 | 137 |
| 62 | 44 | 126 | 1,173 | 73 | 95 | 71 | 96 | 0 | 99 | 0 | 338 | |
| 13 | 9 | 13 | 15 | 17 | 20 | 15 | 16 | 0 | 16 | 0 | 0 | |
| General & administrative | 13 | 9 | 13 | 15 | 17 | 20 | 15 | 16 | 0 | 16 | 0 | 0 |
| Other expenses | 49 | 35 | 113 | 1,158 | 56 | 75 | 56 | 80 | 0 | 83 | 0 | 338 |
| Operating income | 15 | −8 | −66 | −1,096 | 37 | −3 | 5 | 20 | 15 | −3 | 20 | −201 |
| −6 | −24 | −41 | −46 | −70 | 35 | −46 | −57 | −38 | −42 | −59 | −43 | |
| Interest expense | 3 | 24 | 41 | 47 | 53 | 48 | 46 | 45 | 45 | 45 | −44 | 44 |
| Other non-operating income | 4 | 0 | 1 | −2 | 18 | −83 | 1 | 11 | −6 | −3 | 102 | 1 |
| Income before tax | 9 | −32 | −107 | −1,141 | −33 | 32 | −42 | −37 | −23 | −45 | −38 | −244 |
| Income tax expense | 3 | −9 | −18 | −175 | 1 | 67 | 20 | −17 | 0 | −9 | 2 | 0 |
| Net income from continuing operations | 6 | −23 | −89 | −966 | −34 | −35 | −61 | −20 | −24 | −36 | −40 | −244 |
| Discontinued operations | 3 | 0 | 0 | −5 | −1 | 0 | 0 | 0 | 0 | 0 | 0 | −2 |
| Other adjustments | 0 | 125 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 9 | 102 | −62 | −645 | −73 | −36 | −51 | −13 | −16 | −28 | −34 | −207 |
| EPS, basic | $0.36 | $3.94 | −$2.81 | −$24.08 | −$2.63 | −$1.24 | −$1.68 | −$0.41 | −$0.52 | −$0.91 | −$1.11 | −$6.38 |
| EPS, diluted | $0.36 | $3.94 | −$2.81 | −$24.08 | −$2.63 | −$1.24 | −$1.68 | −$0.41 | −$0.52 | −$0.91 | −$1.11 | −$6.38 |
| Weighted average shares, basic | 26 | 26 | 26 | 27 | 28 | 29 | 30 | 30 | 31 | 31 | 31 | 32 |
| Weighted average shares, diluted | 26 | 26 | 26 | 27 | 28 | 29 | 30 | 30 | 31 | 31 | 31 | 32 |
| EBITDA | 26 | 6 | −35 | −1,046 | 46 | 118 | 41 | 45 | 59 | 41 | −43 | −164 |
| Depreciation & amortization | 14 | 14 | 32 | 49 | 26 | 38 | 37 | 37 | 38 | 41 | 39 | 38 |
| EBIT | 12 | −8 | −66 | −1,094 | 20 | 80 | 4 | 8 | 21 | 0 | −82 | −202 |
