FWRD Q2 2022 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q2 2022 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$515M+22.5% YoY

Gross Profit

$146M28.3% margin

Operating Income

$76M14.7% margin

Net Income

$55M10.8% margin

EPS (Diluted)

$2.05

QoQ Revenue Growth

+10.3%

Cash Flow

Operating Cash Flow

$50M

Free Cash Flow

$42M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$533M

Stockholders' Equity

$664M

Cash & Equivalents

$47M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$515M	$421M	+22.5%
Gross Profit	$146M	$87M	+67.9%
Operating Income	$76M	$42M	+79.3%
Net Income	$55M	$31M	+80.7%

Revenue Segments

Expedited Freight Segment

$409M79%

Intermodal Segment

$106M21%