FWRD Q2 2024 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q2 2024 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$644M+92.9% YoY

Gross Profit

$77M12.0% margin

Operating Income

-$1.1B-170.2% margin

Net Income

-$645M-100.3% margin

EPS (Diluted)

$-24.08

QoQ Revenue Growth

+18.8%

Cash Flow

Operating Cash Flow

-$50M

Free Cash Flow

-$65M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.7B

Stockholders' Equity

$284M

Cash & Equivalents

$105M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$644M	$334M	+92.9%
Gross Profit	$77M	$76M	+1.3%
Operating Income	-$1.1B	$26M	-4262.4%
Net Income	-$645M	$20M	-3335.1%

Revenue Segments

Expedited Freight Segment

$291M83%

Intermodal Segment

$59M17%