FWRD Q1 2024 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q1 2024 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$542M+51.5% YoY

Gross Profit

$60M11.1% margin

Operating Income

-$66M-12.1% margin

Net Income

-$62M-11.4% margin

EPS (Diluted)

$-2.81

QoQ Revenue Growth

+323.2%

Cash Flow

Operating Cash Flow

-$52M

Free Cash Flow

-$57M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.6B

Stockholders' Equity

$926M

Cash & Equivalents

$172M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$542M	$358M	+51.5%
Gross Profit	$60M	$104M	-42.1%
Operating Income	-$66M	$47M	-239.3%
Net Income	-$62M	$36M	-269.7%

Revenue Segments

Expedited Freight Segment

$273M83%

Intermodal Segment

$56M17%