FWRD Q3 2022 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q3 2022 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$510M+21.5% YoY

Gross Profit

$146M28.6% margin

Operating Income

$72M14.1% margin

Net Income

$52M10.2% margin

EPS (Diluted)

$1.94

QoQ Revenue Growth

-1.0%

Cash Flow

Operating Cash Flow

$84M

Free Cash Flow

$77M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$503M

Stockholders' Equity

$683M

Cash & Equivalents

$47M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$510M	$420M	+21.5%
Gross Profit	$146M	$95M	+53.1%
Operating Income	$72M	$42M	+68.7%
Net Income	$52M	$24M	+121.5%

Revenue Segments

Expedited Freight Segment

$396M78%

Intermodal Segment

$114M22%