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FWRD Q1 2023 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena
FWRD
Forward Air Corporation
$706M
Q1 2023 Earnings
Industrials
Integrated Freight & Logistics
Income Statement
Revenue
$358M
-23.4% YoY
Gross Profit
$104M
29.0% margin
Operating Income
$47M
13.2% margin
Net Income
$36M
10.2% margin
EPS (Diluted)
$1.37
QoQ Revenue Growth
-25.7%
Cash Flow
Operating Cash Flow
$66M
Free Cash Flow
$59M
Stock-Based Comp.
$3M
Balance Sheet
Total Assets
$1.2B
Total Liabilities
$541M
Stockholders' Equity
$686M
Cash & Equivalents
$32M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$358M
$467M
-23.4%
Gross Profit
$104M
$116M
-10.8%
Operating Income
$47M
$57M
-17.7%
Net Income
$36M
$43M
-14.8%
Revenue Segments
Expedited Freight Segment
$339M
79%
Intermodal Segment
$88M
21%
← FY 2023
All Quarters
Q2 2023 →