Forward Air's Q4 call offers no financial targets after Omni merger [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
Check Earnings Report
US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
Company Research
Source: Yahoo! Finance
The main takeaway was the company's disclosure that the combined entity was cash flow-positive during February without any significant help from cost or revenue synergies. Forward ( NASDAQ: FWRD closed the acquisition of Omni on Jan. 25, more than three months behind schedule. Legal challenges from investors and Forward's efforts to exit the deal led to the holdup. Allegations of bad faith and unscrupulous document handling ended with the departure of the CEOs from both companies A $2.1 billion closing price required Forward to issue $1.8 billion in debt to take on Omni's outstanding balances and restructure its existing debt. At closing, Forward's net debt to adjusted earnings before interest, taxes, depreciation and amortization was estimated to be 5.2 times. The adjusted EBITDA number included the expectation of $75 million in cost synergies. Forward expects to lower debt leverage to 4.5 times by the end of 2025 and to less than two times longer term. It will look to divest o
Show less
Read more
Impact Snapshot
Event Time:
FWRD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FWRD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FWRD alerts
High impacting Forward Air Corporation news events
Weekly update
A roundup of the hottest topics
FWRD
News
- Forward Air Co. (NASDAQ: FWRD) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Forward Air taps Ceva unit head as next CEO [Yahoo! Finance]Yahoo! Finance
- Forward Air Announces Leadership Transition [Yahoo! Finance]Yahoo! Finance
- Forward Air Announces Leadership TransitionBusiness Wire
- Forward Air Co. (NASDAQ: FWRD) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
FWRD
Earnings
- 2/28/24 - Miss
FWRD
Sec Filings
- 4/26/24 - Form 8-K
- 4/12/24 - Form 8-K/A
- 4/12/24 - Form PRE
- FWRD's page on the SEC website