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Stock impact report

Investors await Forward Air's Q4 call for post-merger goal posts [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
updates on financial targets and the new management structure following the closing of a messy merger with Omni Logistics. Forward ( NASDAQ: FWRD finally closed on the acquisition of Omni Logistics last month after it attempted to terminate the deal following legal challenges from shareholders . As it sought out of the transaction, Forward alleged Omni withheld data and provided unreliable financial projections while Omni maintained it acted in good faith and asked a Delaware court to force the deal to close. Shortly before the matter was to be settled at trial, the parties reached an agreement After the dust settled, the CEOs of both companies and several executives from Omni are no longer with the combined entity. Forward reported adjusted earnings per share of 81 cents for the fourth quarter, which was 70 cents lower year over year (y/y) and 17 cents below the consensus estimate. A headline net loss from continuing operations of $14.7 million included deal-related costs and e Show less Read more
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