FWRDForward Air Corporation

$706M

Q2 2021 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$421M+49.3% YoY

Gross Profit

$87M20.7% margin

Operating Income

$42M10.0% margin

Net Income

$31M7.3% margin

EPS (Diluted)

$1.11

QoQ Revenue Growth

+16.1%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$17M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$531M

Stockholders' Equity

$550M

Cash & Equivalents

$51M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$421M	$282M	+49.3%
Gross Profit	$87M	$47M	+87.0%
Operating Income	$42M	$14M	+202.7%
Net Income	$31M	$3M	+872.6%

Revenue Segments

Expedited Freight Segment

$352M84%

Intermodal Segment

$69M16%

FWRD Q2 2021 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena