FWRD Q2 2023 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q2 2023 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$334M-35.2% YoY

Gross Profit

$76M22.9% margin

Operating Income

$26M7.9% margin

Net Income

$20M6.0% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

-6.7%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

$53M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$511M

Stockholders' Equity

$674M

Cash & Equivalents

$18M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$334M	$515M	-35.2%
Gross Profit	$76M	$146M	-47.7%
Operating Income	$26M	$76M	-65.2%
Net Income	$20M	$55M	-64.0%

Revenue Segments

Expedited Freight Segment

$338M84%

Intermodal Segment

$64M16%