FWRD Q3 2024 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q3 2024 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$656M+92.4% YoY

Gross Profit

$110M16.8% margin

Operating Income

$37M5.7% margin

Net Income

-$73M-11.2% margin

EPS (Diluted)

$-2.63

QoQ Revenue Growth

+1.9%

Cash Flow

Operating Cash Flow

$50M

Free Cash Flow

$40M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.7B

Stockholders' Equity

$226M

Cash & Equivalents

$137M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$656M	$341M	+92.4%
Gross Profit	$110M	$77M	+42.8%
Operating Income	$37M	$15M	+141.7%
Net Income	-$73M	$9M	-890.4%

Revenue Segments

Expedited Freight Segment

$285M83%

Intermodal Segment

$57M17%