Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2005-09-30 | 2005-06-30 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-12-31 | 2002-06-30 | 2002-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenue | 631,763,000 | 618,844,000 | 613,281,000 | 632,846,000 | 655,937,000 | 643,666,000 | 541,813,000 | 342,509,000 | 381,504,000 | 361,663,000 | 345,756,000 | 321,471,000 | 356,575,000 | 331,375,000 | 330,343,000 | 302,608,000 | 306,100,000 | 280,201,000 | 267,518,000 | 246,982,000 | 264,763,000 | 249,552,000 | 238,637,000 | 229,549,000 | 256,420,000 | 247,093,000 | 249,694,000 | 205,918,000 | 214,062,000 | 201,477,000 | 193,852,000 | 171,569,000 | 87,353,000 | 93,208,000 | 90,441,000 | 86,779,000 | 84,841,000 | 77,488,000 | 71,905,000 | 68,410,000 | 64,303,000 | 65,184,000 | 60,513,000 | 59,174,000 | 56,646,000 | 56,355,000 | 52,898,000 | ||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchased transportation | 316,390,000 | 303,300,000 | 304,262,000 | 319,498,000 | 332,469,000 | 321,587,000 | 277,015,000 | 28,569,000 | 190,766,000 | 181,643,000 | 185,217,000 | 160,134,000 | 176,263,000 | 163,606,000 | 155,124,000 | 144,014,000 | 162,767,000 | 155,451,000 | 155,716,000 | 139,666,000 | 136,183,000 | 123,326,000 | 115,609,000 | 103,083,000 | 112,617,000 | 105,039,000 | 99,267,000 | 96,476,000 | 107,516,000 | 104,434,000 | 107,482,000 | 89,337,000 | 92,317,000 | 85,874,000 | 82,834,000 | 73,551,000 | 37,974,000 | 41,213,000 | 37,939,000 | 35,134,000 | 35,512,000 | 31,003,000 | 30,568,000 | 27,925,000 | 26,994,000 | 27,889,000 | 25,519,000 | 24,698,000 | 23,957,000 | 24,418,000 | 22,364,000 | ||||||||||||||||||||||||||||||
salaries, wages and employee benefits | 131,909,000 | 145,490,000 | 141,915,000 | 101,595,500 | 133,516,000 | 144,000,000 | 128,867,000 | 33,201,000 | 88,159,000 | 86,686,000 | 79,520,000 | 86,672,000 | 91,264,000 | 87,259,000 | 80,278,000 | 76,362,000 | 54,420,500 | 76,028,000 | 72,073,000 | 69,581,000 | 47,820,500 | 64,882,000 | 64,402,000 | 61,998,000 | 43,964,250 | 60,161,000 | 57,018,000 | 58,678,000 | 65,789,000 | 59,025,000 | 61,886,000 | 53,903,000 | 50,641,000 | 45,651,000 | 44,391,000 | 41,422,000 | 41,948,000 | 39,165,000 | 36,031,000 | 33,952,000 | 37,598,000 | 31,698,000 | 32,536,000 | 33,174,000 | 35,315,000 | 33,402,000 | 31,439,000 | 30,495,000 | 33,426,000 | 31,845,000 | 33,167,000 | 30,670,000 | 29,670,000 | 28,591,000 | 29,187,000 | 29,056,000 | 4,448,000 | 28,504,000 | 29,404,000 | 26,447,000 | 22,026,000 | 19,964,000 | 19,013,000 | 18,940,000 | 18,385,000 | 18,330,000 | 17,486,000 | 16,367,000 | 15,609,000 | 15,110,000 | 14,673,000 | 14,381,000 | 13,464,000 | 13,424,000 | 12,998,000 | 12,226,000 | 11,956,000 | ||||
operating leases | 52,150,000 | 49,505,000 | 48,792,000 | 48,326,000 | 48,810,000 | 46,258,000 | 38,803,000 | 11,319,000 | 22,662,000 | 26,184,000 | 27,248,000 | 23,564,000 | 21,989,000 | 20,521,000 | 20,326,000 | 19,173,000 | 21,060,000 | 18,671,000 | 18,006,000 | 17,964,000 | 16,595,000 | 16,809,000 | 14,796,000 | 15,601,000 | 15,816,000 | 16,215,000 | 14,601,000 | 13,868,000 | 15,167,000 | 17,072,000 | 18,277,000 | 15,756,000 | 8,975,000 | 8,503,000 | 8,165,000 | 8,351,000 | 8,387,000 | 6,991,000 | 6,888,000 | 7,044,000 | 7,163,000 | 6,895,000 | 6,824,000 | 7,106,000 | 7,039,000 | 6,672,000 | 6,705,000 | 6,706,000 | 6,864,000 | 6,508,000 | 6,252,000 | 6,629,000 | 3,963,000 | 6,631,000 | 6,820,000 | 6,989,000 | -157,000 | 6,183,000 | 5,884,000 | 4,851,000 | 4,474,000 | 3,882,000 | 3,735,000 | 3,839,000 | 3,750,000 | 3,422,000 | 3,448,000 | 3,376,000 | 3,279,000 | 3,191,000 | 3,262,000 | 3,477,000 | 3,250,000 | 3,289,000 | 3,086,000 | 2,977,000 | 3,011,000 | ||||
depreciation and amortization | 37,748,000 | 36,806,000 | 37,360,000 | 37,657,000 | 25,893,000 | 48,639,000 | 31,786,000 | 13,751,000 | 15,506,000 | 14,513,000 | 13,635,000 | 10,629,000 | 10,073,000 | 10,528,000 | 10,681,000 | 10,827,000 | 10,854,000 | 10,295,000 | 10,362,000 | 10,690,000 | 10,522,000 | 10,326,000 | 10,219,000 | 10,033,000 | 9,791,000 | 9,399,000 | 9,341,000 | 9,668,000 | 9,556,000 | 9,399,000 | 9,519,000 | 8,684,000 | 8,254,000 | 8,115,000 | 7,751,000 | 7,013,000 | 6,202,000 | 6,220,000 | 5,971,000 | 5,186,000 | 5,081,000 | 5,425,000 | 5,394,000 | 5,121,000 | 5,259,000 | 5,429,000 | 5,222,000 | 5,082,000 | 5,167,000 | 5,228,000 | 5,107,000 | 4,949,000 | 1,928,000 | 5,006,000 | 4,823,000 | 4,858,000 | -1,006,000 | 4,134,000 | 3,998,000 | 3,698,000 | 2,855,000 | 2,494,000 | 2,380,000 | 2,400,000 | 2,083,000 | 2,052,000 | 2,815,000 | 1,969,000 | 1,692,000 | 1,696,000 | 1,699,000 | 1,823,000 | 1,888,000 | 1,775,000 | 1,777,000 | 1,881,000 | 1,886,000 | ||||
insurance and claims | 12,719,000 | 15,536,000 | 15,007,000 | 19,721,000 | 17,382,000 | 14,698,000 | 12,881,000 | 9,365,000 | 13,626,000 | 13,360,000 | 13,782,000 | 11,770,000 | 11,909,000 | 10,930,000 | 13,229,000 | 9,371,000 | 8,758,000 | 9,203,000 | 10,086,000 | 7,153,000 | 8,221,000 | 7,844,000 | 7,730,000 | 5,806,000 | 6,187,000 | 7,170,000 | 6,648,000 | 5,395,000 | 4,952,000 | 5,161,000 | 6,240,000 | 5,130,000 | 4,758,000 | 3,747,000 | 3,104,000 | 4,127,000 | 3,455,000 | 3,290,000 | 3,215,000 | 2,660,000 | 3,177,000 | 3,098,000 | 2,236,000 | 2,798,000 | 2,658,000 | 2,120,000 | 1,845,000 | 2,175,000 | 2,442,000 | 1,546,000 | 2,106,000 | 2,331,000 | 1,115,000 | 2,045,000 | 2,223,000 | 2,716,000 | 1,995,000 | 1,816,000 | 1,614,000 | 2,260,000 | 1,649,000 | 1,900,000 | 1,702,000 | 1,220,000 | 1,556,000 | 1,710,000 | 841,000 | 1,839,000 | 1,297,000 | 1,827,000 | 1,423,000 | 1,013,000 | 1,508,000 | 1,308,000 | 1,324,000 | 1,445,000 | 1,345,000 | ||||
fuel expense | 5,029,000 | 5,278,000 | 5,649,000 | 5,500,000 | 4,855,000 | 5,859,000 | 5,246,000 | 5,029,000 | 5,917,000 | 5,274,000 | 5,784,000 | 5,340,000 | 6,579,000 | 6,105,000 | 5,929,000 | 5,608,000 | 6,314,000 | 5,634,000 | 5,598,000 | 5,554,000 | 5,052,000 | 4,096,000 | 3,671,000 | 3,680,000 | 3,825,000 | 3,416,000 | 2,999,000 | 2,961,000 | 3,869,000 | 3,826,000 | 4,188,000 | 4,020,000 | 5,158,000 | 5,012,000 | 5,172,000 | 4,806,000 | 4,610,000 | 3,871,000 | 3,656,000 | 3,008,000 | 2,767,000 | 2,318,000 | 2,412,000 | 2,541,000 | 2,684,000 | 2,406,000 | 2,564,000 | 2,388,000 | 2,410,000 | 1,949,000 | 2,044,000 | 2,058,000 | 6,266,000 | 1,880,000 | 1,637,000 | 1,682,000 | 2,116,500 | 3,052,000 | 3,289,000 | ||||||||||||||||||||||
other operating expenses | 60,811,000 | 43,407,000 | 55,533,000 | 75,333,000 | 55,564,000 | 65,666,000 | 112,947,000 | 34,809,000 | 61,318,000 | 44,311,000 | 51,371,000 | 32,698,000 | 30,577,000 | 32,025,000 | 29,639,000 | 31,382,000 | 29,188,000 | 26,214,000 | 25,632,000 | 27,765,000 | 27,405,000 | 26,020,000 | 21,282,000 | 23,592,000 | 22,182,000 | 23,452,000 | 20,669,000 | 21,098,000 | 20,557,000 | 23,575,000 | 22,194,000 | 20,839,000 | 18,324,000 | 17,669,000 | 14,840,000 | 16,028,000 | 14,052,000 | 12,428,000 | 11,285,000 | 12,921,000 | 10,528,000 | 11,352,000 | 10,598,000 | 10,354,000 | 9,297,000 | 9,311,000 | 10,332,000 | 9,747,000 | 9,320,000 | 7,764,000 | 9,263,000 | 9,784,000 | 11,997,000 | 8,767,000 | 8,161,000 | 9,056,000 | 6,033,000 | 9,583,000 | 9,181,000 | 10,507,000 | 8,554,000 | 7,228,000 | 6,710,000 | 6,711,000 | 6,940,000 | 6,364,000 | 6,070,000 | 6,143,000 | 5,653,000 | 5,257,000 | 5,517,000 | 5,026,000 | 4,865,000 | 4,663,000 | 4,933,000 | 4,916,000 | 4,546,000 | ||||
impairment of goodwill | -79,068,000 | 14,751,000 | 1,092,714,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 616,756,000 | 599,322,000 | 608,518,000 | 556,991,000 | 633,240,000 | 1,739,421,000 | 607,545,000 | 136,043,000 | 397,954,000 | 371,971,000 | 376,557,000 | 330,807,000 | 348,654,000 | 330,974,000 | 315,206,000 | 296,737,000 | 321,459,000 | 301,496,000 | 297,473,000 | 278,373,000 | 277,396,000 | 253,303,000 | 237,709,000 | 223,793,000 | 236,519,000 | 224,852,000 | 252,985,000 | 208,144,000 | 227,406,000 | 222,492,000 | 229,786,000 | 197,669,000 | 188,427,000 | 174,571,000 | 166,257,000 | 155,298,000 | 157,882,000 | 147,176,000 | 137,299,000 | 125,770,000 | 131,491,000 | 123,888,000 | 125,243,000 | 120,292,000 | 124,631,000 | 115,429,000 | 112,316,000 | 106,915,000 | 114,632,000 | 106,017,000 | 108,630,000 | 100,922,000 | 111,277,000 | 96,408,000 | 94,824,000 | 101,642,000 | 26,944,000 | 102,156,000 | 101,301,000 | 91,288,000 | 80,842,000 | 74,834,000 | 71,514,000 | 74,323,000 | 70,653,000 | 67,012,000 | 66,172,000 | 60,697,000 | 58,098,000 | ||||||||||||
income from continuing operations | 15,007,000 | 19,522,000 | 75,855,000 | 22,697,000 | -1,095,755,000 | -65,732,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -44,775,000 | -45,326,000 | -45,547,000 | -48,427,000 | -52,770,000 | -47,265,000 | -40,753,000 | -23,976,000 | -2,655,000 | -2,585,000 | -2,355,000 | 853,000 | -795,000 | -761,000 | -581,000 | -575,000 | -473,000 | -472,000 | -483,000 | -371,000 | -394,000 | -288,000 | -236,000 | -282,000 | -370,000 | -216,000 | -461,000 | -553,000 | -558,000 | -554,000 | -570,000 | -364,000 | -255,000 | -172,000 | -101,000 | -82,000 | -131,000 | -145,000 | -128,000 | -128,000 | -150,000 | -111,000 | -79,000 | -51,000 | -151,000 | -131,000 | -141,000 | -195,000 | -173,000 | -191,000 | -181,000 | -185,000 | -767,000 | -177,000 | -150,000 | -141,000 | 348,000 | -210,000 | -328,000 | -301,000 | -55,000 | -41,000 | -40,000 | -14,500 | -17,000 | -16,000 | -24,000 | -31,000 | -14,000 | -14,000 | -14,000 | -15,000 | -17,000 | -18,000 | -21,000 | -94,000 | -102,000 | ||||
foreign exchange loss | -539,000 | -922,000 | -668,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 6,935,000 | -6,656,000 | 104,000 | 1,188,000 | -11,000 | 40,000 | 9,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -38,379,000 | -56,635,000 | -46,365,000 | -44,234,000 | -55,593,000 | -45,658,000 | -41,412,000 | -23,976,000 | -2,655,000 | -2,585,000 | -2,355,000 | 853,000 | -795,000 | -760,000 | -582,000 | -576,000 | -471,000 | -473,000 | -484,000 | -371,000 | -383,000 | -290,000 | -218,000 | -308,000 | -221,000 | -220,000 | -578,000 | -582,000 | -489,000 | -544,000 | -659,000 | -412,000 | -110,000 | -227,000 | 11,000 | 4,000 | -104,000 | -118,000 | -114,000 | -96,000 | -130,000 | -132,000 | -81,000 | -34,000 | -134,000 | -121,000 | -110,000 | -179,000 | -121,000 | -165,000 | -200,000 | -155,000 | -455,000 | -126,000 | -130,000 | -163,000 | 1,779,000 | -95,000 | -272,000 | -147,000 | 249,000 | 428,000 | 713,000 | 892,000 | 776,000 | 871,000 | 563,000 | 2,191,000 | 291,000 | ||||||||||||
income from continuing operations before income taxes | -23,372,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense | 385,000 | -16,749,000 | 19,589,000 | -47,997,500 | 1,302,000 | -174,942,000 | -18,350,000 | -4,860,000 | 1,899,000 | -2,085,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -23,757,000 | -20,364,000 | -61,191,000 | -35,752,000 | -35,335,000 | -971,347,000 | -88,794,000 | 14,449,000 | 12,912,000 | 11,969,000 | 7,869,000 | 11,817,000 | 8,888,000 | 7,912,000 | 3,419,000 | 39,024,000 | 3,779,000 | 2,844,000 | -3,104,000 | 10,719,000 | 12,097,000 | 12,102,000 | 10,008,000 | 10,753,000 | 11,475,000 | 10,293,000 | 12,169,000 | 12,725,000 | 13,021,000 | 12,065,000 | 11,954,000 | 9,012,000 | 8,508,000 | 6,808,000 | 7,702,000 | 6,329,000 | 6,349,000 | 5,435,000 | 5,349,000 | 4,897,000 | |||||||||||||||||||||||||||||||||||||||||
yoy | -32.77% | -97.90% | -31.09% | 22.27% | 45.27% | 51.28% | 130.16% | -69.72% | 135.19% | 178.20% | -210.15% | 264.06% | -68.76% | -76.50% | -131.02% | -0.32% | 5.42% | 17.58% | -17.76% | -15.50% | -11.87% | -14.69% | 1.80% | 41.20% | 53.04% | 77.22% | 55.21% | 42.39% | 34.01% | 25.26% | 18.32% | 29.65% | |||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 16.66% | -66.72% | 71.15% | 1.18% | -96.36% | 993.93% | 11.90% | 7.88% | 52.10% | -33.41% | 32.95% | 12.34% | 131.41% | -91.24% | 932.65% | 32.88% | -191.62% | -128.96% | -11.39% | -0.04% | 20.92% | -6.93% | -6.29% | 11.48% | -15.42% | -4.37% | -2.27% | 7.92% | 0.93% | 32.65% | 5.92% | 24.97% | -11.61% | 21.69% | -0.32% | 16.82% | 9.23% | ||||||||||||||||||||||||||||||||||||||||||||
net income margin % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | -7,507,000 | -7,781,000 | -78,730,750 | 38,073,000 | -27,082,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to forward air | -16,250,000 | -12,583,000 | -50,637,000 | -36,416,000 | -73,408,000 | -645,433,000 | -61,712,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted net income per share attributable to forward air: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | -0.52 | -0.41 | -7.183 | -2.62 | -23.29 | -2.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | -0.055 | -0.04 | -0.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per basic and diluted share | -0.52 | -0.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustments | 30 | 4,561 | 265 | -206 | 176 | -849 | -151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss | -23,727 | -15,803 | -60,926 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to noncontrolling interest | -7,507 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to forward air | -16,220 | -8,022 | -50,372 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange gain | -4,653,000 | 3,005,000 | -2,812,000 | 1,567,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations before income taxes | -37,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | -20,364,000 | -35,378,000 | -34,198,000 | -966,471,000 | -88,794,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to noncontrolling interest | -7,781 | -78,730.75 | 38,073 | -325,914 | -27,082 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 4,763,000 | 24,053,250 | 15,493,000 | 30,211,000 | 50,509,000 | 11,702,000 | 32,850,000 | 30,689,000 | 30,550,000 | 24,734,000 | 35,116,000 | 29,879,000 | 32,870,000 | 24,235,000 | 28,704,000 | 26,898,000 | 29,809,000 | 23,189,000 | 28,244,000 | 24,700,000 | -14,348,000 | 21,405,000 | 29,014,000 | 24,601,000 | 19,908,000 | 8,249,000 | 25,635,000 | 26,906,000 | 27,595,000 | 16,271,000 | 23,203,000 | 22,857,000 | 22,505,000 | 15,790,000 | 24,034,000 | 19,626,000 | 23,083,000 | 16,789,000 | 23,628,000 | 20,320,000 | 19,876,000 | 13,286,000 | 18,678,000 | 15,505,000 | 13,502,000 | 6,055,000 | 63,767,000 | 6,671,000 | 4,873,000 | -5,026,000 | 14,809,000 | 19,328,000 | 20,262,000 | 16,650,000 | 16,904,000 | 18,313,000 | 15,839,000 | 18,885,000 | 19,788,000 | 19,767,000 | 18,669,000 | 16,791,000 | 13,807,000 | 13,404,000 | 10,735,000 | 11,575,000 | 10,019,000 | 10,017,000 | 8,571,000 | 8,492,000 | 7,790,000 | ||||||||||
yoy | 331.63% | -52.69% | -6.45% | 2.71% | -7.06% | 2.06% | 22.34% | 11.08% | 10.27% | 4.51% | 1.63% | 8.90% | -307.76% | 8.33% | -2.65% | 0.40% | -172.07% | 159.49% | 13.18% | -8.57% | -27.86% | -49.30% | 10.48% | 17.71% | 22.62% | 3.05% | -3.46% | 16.46% | -2.50% | -5.95% | 1.72% | -3.42% | 16.14% | 26.37% | 26.50% | 31.05% | 47.21% | 119.42% | -70.71% | 132.42% | 177.08% | -220.47% | 330.60% | -65.49% | -75.95% | -130.19% | -12.39% | 5.54% | 27.92% | -11.83% | -14.57% | -7.36% | -15.16% | 12.47% | 43.32% | 47.47% | 73.91% | 45.06% | 37.81% | 33.81% | 25.25% | 17.98% | 28.59% | ||||||||||||||||||
qoq | 55.25% | -48.72% | -40.19% | -64.38% | 7.04% | 0.45% | 23.51% | -29.56% | 17.53% | -9.10% | 35.63% | -15.57% | 6.71% | -9.77% | 28.55% | -17.90% | 14.35% | -272.15% | -167.03% | -26.23% | 17.94% | 23.57% | 141.34% | -67.82% | -4.72% | -2.50% | 69.60% | -29.88% | 1.51% | 1.56% | 42.53% | -34.30% | 22.46% | -14.98% | 37.49% | -28.94% | 16.28% | 2.23% | 49.60% | -28.87% | 20.46% | 14.83% | 122.99% | -90.50% | 855.88% | 36.90% | -196.96% | -133.94% | -23.38% | -4.61% | 21.69% | -1.50% | -7.69% | 15.62% | -16.13% | -4.56% | 0.11% | 5.88% | 11.18% | 21.61% | 3.01% | 24.86% | -7.26% | 15.53% | 0.02% | 16.87% | 9.01% | ||||||||||||||
operating margin % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income before income taxes | -41,602,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to non-controlling interest | -10,554,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share attributable to forward air | -1.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to non-controlling interest | -10,554 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -320,363,250 | -32,896,000 | -1,141,413,000 | -107,144,000 | -31,979,000 | 12,838,000 | 27,626,000 | 48,154,000 | 10,849,000 | 32,055,000 | 29,929,000 | 29,968,000 | 24,158,000 | 34,645,000 | 29,406,000 | 32,386,000 | 23,864,000 | 28,321,000 | 26,608,000 | 29,591,000 | 22,881,000 | 28,023,000 | 24,480,000 | -14,926,000 | 20,823,000 | 28,525,000 | 24,057,000 | 19,249,000 | 7,837,000 | 25,525,000 | 26,679,000 | 27,606,000 | 16,275,000 | 23,099,000 | 22,739,000 | 22,391,000 | 15,694,000 | 23,904,000 | 19,494,000 | 23,002,000 | 16,755,000 | 23,494,000 | 20,199,000 | 19,766,000 | 13,107,000 | 18,557,000 | 15,340,000 | 13,302,000 | 5,900,000 | 63,312,000 | 6,545,000 | 4,743,000 | -5,189,000 | 16,588,000 | 19,233,000 | 19,990,000 | 16,503,000 | 17,153,000 | 18,741,000 | 16,552,000 | 19,777,000 | 20,564,000 | 20,638,000 | 19,232,000 | 18,982,000 | 14,098,000 | 13,612,000 | 10,898,000 | 11,729,000 | 10,126,000 | 10,160,000 | 8,696,000 | 8,627,000 | 7,898,000 | |||||||
income from discontinued operation, net of tax | -374,000 | -1,137,000 | -4,876,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share attributable to forward air: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per basic share | -7.238 | -2.66 | -23.47 | -2.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to forward air: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per diluted share | -7.238 | -2.66 | -23.47 | -2.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per share | 0.18 | 0.24 | 0.24 | 0.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | -274,075 | -35,159 | -972,196 | -88,945 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to forward air | -195,344.25 | -73,232 | -646,282 | -61,863 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss) attributable to noncontrolling interest | -325,914,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating revenues | 310,673,750 | 413,447,000 | 402,182,000 | 427,066,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | -9,175,000 | 3,550,000 | 7,675,000 | 11,786,000 | 2,474,000 | 5,281,000 | 7,734,000 | 7,638,000 | 5,751,000 | 5,322,250 | 7,077,000 | 8,088,000 | 6,123,000 | 6,782,750 | 8,453,000 | 8,638,000 | 3,853,250 | 12,549,000 | 5,238,000 | 3,580,750 | 6,452,000 | 645,250 | 2,766,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income and comprehensive income | 101,744,000 | 9,288,000 | 19,951,000 | 36,368,000 | 8,375,000 | 24,167,000 | 22,195,000 | 22,330,000 | 18,407,000 | 27,734,000 | 22,329,000 | 24,298,000 | 17,741,000 | 12,987,000 | 18,155,000 | 19,550,000 | 14,243,000 | 3,741,000 | 11,931,000 | -10,066,000 | 13,099,000 | 23,228,000 | 15,687,000 | 11,824,000 | 4,837,000 | 17,046,000 | 16,744,000 | 17,178,000 | 10,202,000 | 15,585,000 | 14,197,000 | 13,831,000 | 10,855,000 | 15,961,000 | 12,267,000 | 14,167,000 | 10,273,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.628 | 0.36 | 0.76 | 1.37 | 0.3 | 0.86 | 0.78 | 0.78 | 0.64 | 0.545 | 0.76 | 0.83 | 0.6 | 0.43 | 0.6 | 0.65 | 0.47 | 0.123 | 0.39 | -0.33 | 0.43 | 0.76 | 0.51 | 0.38 | 0.16 | 0.55 | 0.55 | 0.56 | 0.33 | 0.51 | 0.47 | 0.46 | 0.37 | 0.55 | 0.42 | 0.49 | 0.36 | 0.5 | 0.44 | 0.41 | 0.27 | 0.41 | 0.31 | 0.27 | 0.12 | 1.36 | 0.13 | 0.1 | -0.11 | 0.33 | 0.42 | 0.42 | 0.35 | 0.36 | 0.38 | ||||||||||||||||||||||||||
diluted | 0.625 | 0.36 | 0.76 | 1.37 | 0.3 | 0.85 | 0.78 | 0.78 | 0.64 | 0.545 | 0.76 | 0.82 | 0.6 | 0.428 | 0.6 | 0.64 | 0.47 | 0.123 | 0.39 | -0.33 | 0.43 | 0.75 | 0.5 | 0.38 | 0.16 | 0.55 | 0.54 | 0.55 | 0.33 | 0.5 | 0.46 | 0.45 | 0.36 | 0.54 | 0.41 | 0.48 | 0.35 | 0.49 | 0.44 | 0.4 | 0.27 | 0.41 | 0.31 | 0.27 | 0.12 | 1.35 | 0.13 | 0.1 | -0.11 | 0.32 | 0.42 | 0.42 | 0.35 | 0.36 | 0.38 | ||||||||||||||||||||||||||
other | 1,000 | -1,000 | -1,000 | -500 | -1,000 | -1,000 | -2,750 | -2,000 | 18,000 | -26,000 | -37,250 | -4,000 | -117,000 | -29,000 | 69,000 | 10,000 | -89,000 | -48,000 | 145,000 | -55,000 | 112,000 | 86,000 | 6,946,000 | 6,862,000 | 6,620,000 | 6,142,000 | 6,639,000 | 6,528,000 | 6,769,000 | 6,202,000 | 7,116,000 | 7,250,000 | 6,871,000 | 6,403,000 | 6,385,000 | 6,481,000 | 6,389,000 | 5,875,000 | 8,158,000 | 5,596,000 | 5,666,000 | 5,867,000 | 2,459,000 | 6,487,000 | 6,188,000 | 5,789,000 | 5,220,000 | 5,230,000 | 753,000 | 915,000 | 793,000 | 887,000 | 587,000 | 2,222,000 | 305,000 | 222,000 | 177,000 | 169,000 | 124,000 | 161,000 | 146,000 | 229,000 | 210,000 | ||||||||||||||||||
dividends per share: | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.113 | 0.15 | 0.15 | 0.15 | 0.113 | 0.15 | 0.15 | 0.15 | 0.09 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.053 | 0.07 | 0.07 | |||||||||||||||||||||||||||||||||
impairment of goodwill, intangibles and other assets | -42,000 | 42,442,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 10,041,000 | 5,390,000 | 2,481,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 7,724,000 | 5,297,000 | 8,370,000 | 7,425,000 | 3,000,000 | 8,479,000 | 9,935,000 | 10,428,000 | 6,073,000 | 7,514,000 | 8,542,000 | 8,560,000 | 4,839,000 | 7,943,000 | 7,227,000 | 8,835,000 | 6,482,000 | 9,045,000 | 7,287,000 | 7,797,000 | 5,869,000 | 7,136,000 | 7,888,000 | 6,495,000 | 6,400,000 | 7,266,000 | 6,259,000 | 7,608,000 | 7,839,000 | 7,617,000 | 7,167,000 | 7,028,000 | 5,086,000 | 5,104,000 | 4,090,000 | 4,027,000 | 3,797,000 | 3,811,000 | 3,261,000 | 3,278,000 | 3,001,000 | ||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 30,415 | 30,925 | 30,732 | 30,135 | 30,374 | 30,161 | 29,511 | 28,967 | 29,088 | 28,908 | 28,692 | 29,052 | 29,237 | 29,337 | 29,135 | 28,984 | 29,000 | 28,973 | 28,951 | 28,808 | 28,942 | 28,927 | 28,906 | 29,609 | 28,871 | 28,805 | 28,694 | 29,472 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 30,932 | 31,408 | 31,314 | 30,762 | 30,986 | 30,736 | 30,264 | 29,536 | 29,660 | 29,445 | 29,363 | 29,435 | 29,552 | 29,851 | 29,371 | 29,111 | 29,129 | 29,119 | 29,074 | 29,025 | 29,026 | 28,977 | 28,906 | 29,962 | 29,139 | 29,126 | 28,982 | 29,866 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
operating revenue: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
airport-to-airport | 103,866,000 | 100,960,000 | 97,120,000 | 90,376,000 | 100,691,000 | 96,914,000 | 102,464,000 | 90,627,000 | 95,024,000 | 92,966,000 | 91,493,000 | 82,147,000 | 87,246,000 | 81,828,000 | 81,741,000 | 70,888,000 | 139,952,000 | 66,667,000 | 65,182,000 | 63,055,000 | 56,015,000 | 85,901,000 | 89,187,000 | 82,059,000 | 75,671,000 | 77,237,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
logistics | 33,348,000 | 32,562,000 | 31,941,000 | 22,972,000 | 20,472,000 | 20,878,000 | 21,124,000 | 21,313,000 | 21,485,000 | 18,409,000 | 18,005,000 | 16,494,000 | 17,146,000 | 16,774,000 | 17,160,000 | 13,855,000 | 20,645,000 | 13,172,000 | 12,279,000 | 13,044,000 | -62,000 | 15,597,000 | 14,838,000 | 12,253,000 | 11,785,000 | 10,680,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
pool distribution | 36,925,000 | 29,649,000 | 24,123,000 | 22,070,000 | 27,723,000 | 19,194,000 | 17,969,000 | 18,939,000 | 24,634,000 | 17,124,000 | 15,823,000 | 15,157,000 | 22,533,000 | 16,439,000 | 16,842,000 | 16,359,000 | 6,289,000 | 17,644,000 | 16,570,000 | 14,650,000 | -16,659,000 | 13,499,000 | 11,350,000 | 7,837,000 | 5,070,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating revenue | 181,085,000 | 170,033,000 | 159,804,000 | 141,560,000 | 155,525,000 | 143,514,000 | 148,326,000 | 137,081,000 | 148,259,000 | 135,749,000 | 132,192,000 | 120,201,000 | 133,310,000 | 121,522,000 | 122,132,000 | 106,977,000 | 175,044,000 | 103,079,000 | 99,697,000 | 96,616,000 | 41,753,000 | 121,484,000 | 121,563,000 | 107,938,000 | 97,746,000 | 93,147,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total purchased transportation | 79,228,000 | 75,211,000 | 70,253,000 | 60,999,000 | 65,177,000 | 63,102,000 | 65,243,000 | 59,198,000 | 62,379,000 | 56,089,000 | 54,209,000 | 50,322,000 | 55,003,000 | 51,177,000 | 50,691,000 | 44,501,000 | 63,495,000 | 43,488,000 | 41,973,000 | 40,128,000 | 24,097,000 | 48,884,000 | 47,931,000 | 43,525,000 | 41,284,000 | 39,366,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
forward air | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
forward air solutions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill and other intangible assets | 1,789,250 | 7,157,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends | 0.07 | 0.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of the financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchased transportation: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per share | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.34 | 0.39 | 0.41 | 0.41 | 0.38 | 0.37 | 0.42 | 0.4 | 0.32 | 0.213 | 0.3 | 0.3 | 0.26 | 0.25 | 0.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 0.34 | 0.39 | 0.41 | 0.41 | 0.38 | 0.37 | 0.41 | 0.39 | 0.31 | 0.21 | 0.29 | 0.29 | 0.25 | 0.24 | 0.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.
