FWRD Q2 2020 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$610M

Q2 2020 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$282M-18.5% YoY

Gross Profit

$47M16.5% margin

Operating Income

$14M4.9% margin

Net Income

$3M1.1% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

-7.8%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

$20M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$506M

Stockholders' Equity

$566M

Cash & Equivalents

$81M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$282M	$346M	-18.5%
Gross Profit	$47M	$73M	-36.6%
Operating Income	$14M	$31M	-54.5%
Net Income	$3M	$22M	-85.9%

Revenue Segments

Expedited Freight

$235M45%

Network revenue

$134M26%

Final Mile revenue

$53M10%

Intermodal

$46M9%

Truckload revenue

$42M8%

Other revenue

$6M1%