Industrials -
Integrated Freight & Logistics - NASDAQ - US
$ 26.5
0.684 %
$ 806 M
Market Cap
-0.91
P/E
1. INTRINSIC VALUE
Balance Sheet
Forward Air Corporation
| Current Assets | 472 M |
| Cash & Short-Term Investments | 105 M |
| Receivables | 322 M |
| Other Current Assets | 45.1 M |
| Non-Current Assets | 2.33 B |
| Long-Term Investments | 0 |
| PP&E | 736 M |
| Other Non-Current Assets | 1.59 B |
| Current Liabilities | 384 M |
| Accounts Payable | 106 M |
| Short-Term Debt | 227 M |
| Other Current Liabilities | 51.6 M |
| Non-Current Liabilities | 2.13 B |
| Long-Term Debt | 2.03 B |
| Other Non-Current Liabilities | 100 M |
EFFICIENCY
Earnings Waterfall
Forward Air Corporation
| Revenue | 2.47 B |
| Cost Of Revenue | 2.13 B |
| Gross Profit | 340 M |
| Operating Expenses | 1.4 B |
| Operating Income | -1.06 B |
| Other Expenses | 61.9 M |
| Net Income | -1.12 B |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Forward Air Corporation
| Net Income | -1.12 B |
| Depreciation & Amortization | 144 M |
| Capital Expenditures | -37.1 M |
| Stock-Based Compensation | 10.2 M |
| Change in Working Capital | -11.8 M |
| Others | 1.03 B |
| Free Cash Flow | -112 M |
Wall Street Analysts Price Targets
Forward Air Corporation
Wall Street analysts predict an average 1-year price target for FWRD of $39 , with forecasts ranging from
a
low of
$32 to a high of $47 .
FWRD Lowest Price Target
Wall Street Target
32 USD
20.75%
FWRD Average Price Target
Wall Street Target
39 USD
47.17%
FWRD Highest Price Target
Wall Street Target
47 USD
77.36%
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
0.24 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Forward Air Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Forward Air and Omni Logistics Recognized for Exceptional Service, Performance, and Partnership
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”) today announced several awards highlighting the Company's exceptional customer service, operational excellence, and strong commitment to its partners. These honors emphasize the impact Forward Air has on the industry and the value the Company continues to deliver to its customers. Omni Logistics (a Forward Air company) has been named the 2024 International and Domestic Forwarder of the Y.
businesswire.com
- 2 weeks ago
US trucker Forward Air attracts takeover interest from buyout firms, sources say
Private equity firms including Blackstone and Apollo Global Management have expressed interest in acquiring U.S. trucker Forward Air , people familiar with the matter said.
reuters.com
- 3 weeks ago
From Setback To Strength: Forward Air's Bumpy Road To Recovery
Forward Air's Q1 2025 results show margin recovery, improved free cash flow, and strong liquidity, despite an adjusted EPS loss and stock price decline. The Omni Logistics acquisition has transformed Forward Air into a global logistics leader, driving revenue growth and operational synergies. Risks include high leverage, integration challenges, and activist pressure for a sale, but robust liquidity and operational improvements support a hold rating, so to Hold the stock.
seekingalpha.com
- 3 weeks ago
Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”), today issued the following statement regarding the announced voting results of the Company's 2025 Annual Meeting of Shareholders. “This vote is a clear mandate that shareholders expect Forward Air to expeditiously complete a credible strategic review that leads to a sale at a meaningful prem.
businesswire.com
- 3 weeks ago
Forward Air Corporation Announces Results of 2025 Annual Meeting and Board Changes
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “Forward Air”, “we”, “our”, or “us”) today announced changes to its Board of Directors following the Company's 2025 Annual Meeting of Shareholders. Under the Company's Corporate Governance Guidelines, the Forward Air Board of Directors has accepted the resignation of George Mayes, effective immediately. While Javier Polit and Laurie Tucker received the support of a majority of the votes cast by shareholde.
businesswire.com
- 3 weeks ago
Freightos Looks To Scale Platform Transactions with Forward Air Corporation Partnership
Expanded integration on 7LFreight by WebCargo enables digital bookings for LTL and linehaul trucking across North America and Mexico GREENEVILLE, Tenn. and BARCELONA, Spain , June 9, 2025 /PRNewswire/ -- Freightos (Nasdaq: CRGO), the leading digital freight booking and payment platform, and Forward Air Corporation (Nasdaq: FWRD), known as Forward, a premier provider of ground transportation services across the United States, Canada and Mexico today announced an expanded collaboration that will enable freight forwarders to instantly book less-than-truckload (LTL) and linehaul trucking through the 7LFreight by WebCargo platform.
prnewswire.com
- 4 weeks ago
Lakeview Announces Intent to Withhold Support for Directors of Forward Air Corp. at Annual Meeting
CHICAGO--(BUSINESS WIRE)--Lakeview Investment Group & Trading Company, LLC (together with its affiliates, “Lakeview”), a meaningful shareholder of Forward Air Corp. (NASDAQ: FWRD) (“Forward Air” or the “Company”), is announcing its plans to withhold support for three incumbents at the Company's 2025 annual meeting of shareholders: George Mayes, Jr. (chairman), Javier Polit (director) and Laurie Tucker (director). Lakeview agrees with the conclusions reached by other investors and the two le.
businesswire.com
- 1 month ago
Glass Lewis Joins ISS in Recommending Forward Air Shareholders Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”), today announced that a second independent proxy advisory firm, Glass, Lewis & Co. (“Glass Lewis”), has joined Institutional Shareholder Services Inc. (“ISS”), in recommending that Forward Air shareholders vote AGAINST the reelection of three members of the Board of Directors (the “Board”.
businesswire.com
- 1 month ago
Forward Air Shareholders Recommended to Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting by ISS
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”), today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, recommends that Forward Air shareholders vote AGAINST the reelection of three members of the Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders: (1.) Chai.
businesswire.com
- 1 month ago
Ancora Releases Presentation Illustrating Why Shareholders Should Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”), today issued a presentation that details why shareholders should join Ancora in voting AGAINST three current members of the Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders (the “Annual Meeting”): Chairman George S. Mayes, Jr., Director Javier Polit and Director La.
businesswire.com
- 1 month ago
Irenic Expresses Governance Concerns Pertaining to Forward Air Corporation
NEW YORK--(BUSINESS WIRE)--Irenic Capital Management, LP (collectively with its affiliates, “Irenic” or “we”) today issued the below statement regarding Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”). Irenic intends to vote against certain legacy members of Forward Air's Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders (“Annual Meeting”). "Based on Irenic's independent analysis, we agree with Ancora Holdings Group's decision to withhold suppor.
businesswire.com
- 1 month ago
Forward Air Corporation (FWRD) Q1 2025 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD ) Q1 2025 Results Conference Call May 7, 2025 4:30 PM ET Company Participants Tony Carreno - SVP, Treasury & Investor Relations Shawn Stewart - Chief Executive Officer Jamie Pierson - Chief Financial Officer Conference Call Participants Andrew Cox - Stifel Stephanie Moore - Jefferies Scott Group - Wolfe Research Bascome Majors - Susquehanna Christopher Kuhn - Benchmark Company Operator Welcome to the Forward Air's First Quarter 2025 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Tony Carreno, Senior Vice President of Treasury and Investor Relations.
seekingalpha.com
- 2 months ago
8. Profile
Summary
Forward Air Corporation FWRD
COUNTRY
US
INDUSTRY
Integrated Freight & Logistics
MARKET CAP
$ 806 M
Dividend Yield
0.00%
Description
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
Contact
Building N, Greeneville, TN, 37745
https://www.forwardaircorp.com
IPO
Date
Nov. 16, 1993
Employees
6319
Officers
Mr. Douglas J. Smith
Chief People Officer
Mr. Eric Brandt
Chief Commercial Officer
Mr. Shawn Stewart
Chief Executive Officer & Director
Mr. Joseph Michael Tomasello
Chief Information Officer
Mr. Michael L. Hance J.D.
Chief Legal Officer & Secretary
Mr. James R. Faught
Chief Accounting Officer
Mr. Jamie G. Pierson
Chief Financial Officer