Forward Air books big loss in post-merger Q1; stock drops 30% [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
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Source: Yahoo! Finance
Forward ( NASDAQ: FWRD ) reported a headline net loss of $88.8 million, or $2.35 per share. Excluding one-off costs from the acquisition and integration of Omni Logistics as well as severance expenses tied to changes in leadership, the company reported an adjusted net loss of 64 cents per share. That compared to consensus estimates ranging from an adjusted loss of 15 to 11 cents per share and the year-ago adjusted EPS result of $1.27. “I am committed to aggressively taking action to improve profitability, maximize synergy capture and drive our leadership in global supply chain and domestic transportation services,” said CEO Shawn Stewart. “With the distractions of the deal closing behind us, our team is focused on execution.” Stewart took over in late April , nearly three months after the ouster of Tom Schmitt , who orchestrated the controversial merger of Omni Logistics. Stewart previously held various leadership roles at Ceva Logistics. He said the company plans to share a fu
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News
- Forward Air Could Have More Activist Investor Drama on the Horizon [Yahoo! Finance]Yahoo! Finance
- Will Forward Air Stock See A Recovery After 75% Fall This Year? [Forbes]Forbes
- Activist investor Irenic Capital builds stake in Forward Air - report [Seeking Alpha]Seeking Alpha
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FWRD
Earnings
- 5/8/24 - Miss
FWRD
Sec Filings
- 5/30/24 - Form 3
- 5/24/24 - Form 4
- 5/21/24 - Form 8-K
- FWRD's page on the SEC website