FWRD Q3 2020 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$610M

Q3 2020 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$332M-8.2% YoY

Gross Profit

$63M18.9% margin

Operating Income

$24M7.1% margin

Net Income

$17M5.0% margin

EPS (Diluted)

$0.60

QoQ Revenue Growth

+17.9%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$18M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$496M

Stockholders' Equity

$552M

Cash & Equivalents

$43M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$332M	$362M	-8.2%
Gross Profit	$63M	$74M	-14.7%
Operating Income	$24M	$31M	-23.4%
Net Income	$17M	$22M	-25.0%

Revenue Segments

Expedited Freight

$283M46%

Network revenue

$169M28%

Final Mile revenue

$57M9%

Truckload revenue

$50M8%

Intermodal

$49M8%

Other revenue

$7M1%

Intersegment Eliminations

$34,0000%