FWRD Q1 2022 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q1 2022 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$467M+28.9% YoY

Gross Profit

$116M24.9% margin

Operating Income

$57M12.3% margin

Net Income

$43M9.1% margin

EPS (Diluted)

$1.58

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$62M

Free Cash Flow

$53M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$555M

Stockholders' Equity

$612M

Cash & Equivalents

$62M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$467M	$362M	+28.9%
Gross Profit	$116M	$71M	+64.9%
Operating Income	$57M	$23M	+152.4%
Net Income	$43M	$11M	+281.8%

Revenue Segments

Expedited Freight Segment

$377M81%

Intermodal Segment

$90M19%