FWRD Q4 2023 Earnings — Forward Air Corporation Revenue & Financial Results | Market Cap Arena

FWRDForward Air Corporation

$706M

Q4 2023 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$128M-73.4% YoY

Gross Profit

$36M28.2% margin

Operating Income

-$8M-6.3% margin

Net Income

$102M79.5% margin

EPS (Diluted)

$-2.10

QoQ Revenue Growth

-62.4%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

$15M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$2.2B

Stockholders' Equity

$764M

Cash & Equivalents

$122M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$128M	$481M	-73.4%
Gross Profit	$36M	$139M	-73.9%
Operating Income	-$8M	$61M	-113.0%
Net Income	$102M	$43M	+136.9%

Revenue Segments

Expedited Freight Segment

$69M54%

Intermodal Segment

$59M46%