NASDAQ$FWRD

Forward Air Corporation · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Forward Air reported Q1 2025, revenue of $249.4M, a net loss of $5M, diluted EPS of ($0.18).

For Q1 2025, Forward Air reported revenue of $249.4M, a net loss of $5M, diluted EPS was ($0.18). The filing highlights segment performance, liquidity, and management commentary on the period.

  • Revenue $249.4M.
  • Net loss $5M.
  • Diluted EPS ($0.18).

Headline financials

Total Revenue

$613M

Previous: $542M+13.2%
EPS (adj)

-$0.18

Previous: -$2.81+93.6%
Capital Expenditures

-$11.9M

Previous: -$4.97M-139.6%
Free Cash Flow

$16.4M

Previous: -$66.7M+124.6%
Net Income

-$50.6M

Previous: -$61.7M+17.9%
Operating Income

$4.76M

Previous: -$65.7M+107.2%

Revenue & EPS history

Forward Air · Revenue · Quarterly

$613M

Q1 2025+13.2%vs Q1 2024
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

Forward Air · $414M total across 2 segments · Q3 2023

  • Expedited Freight
    $351M-11.2%
  • Intermodal
    $62.2M-45.7%

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity and balance-sheet capacity support operations.
  • Strategic initiatives outlined in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect year-over-year comparability.
  • Execution risk on growth or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.1%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+1.8%

Avg return

30 days after

55%

37 / 67 earnings

Positive

+27.5%

Q2 2024

Best reaction

-19.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.1%-11.3%+24.3%
Q4 2025+4.6%+0.0%-32.5%
Q3 2025+0.7%+16.1%+41.9%
Q1 2025+0.3%+9.7%+8.5%
Q4 2024-10.7%-14.0%-19.5%
Q3 2024+6.6%+3.4%+0.2%
Q2 2024+27.5%+15.9%+49.5%
Q1 2024-19.8%-22.7%-1.1%
Q4 2023-7.5%-20.8%-22.5%
Q3 2023-8.5%-5.9%-9.7%
Q2 2023-5.4%-6.3%-39.5%
Q1 2023-6.5%-7.8%-7.8%
Q4 2022-15.3%-11.1%-8.7%
Q3 2022+0.6%+4.9%+9.7%
Q2 2022+6.9%+10.0%+7.2%
Q1 2022+6.7%+8.1%+2.5%
Q4 2021-5.0%-5.5%-5.7%
Q3 2021+3.2%+11.4%+7.6%
Q2 2021+2.0%+2.9%+2.8%
Q1 2021+1.1%+11.8%+11.0%
Q4 2020+1.6%+5.8%+17.0%
Q3 2020+4.9%+11.0%+23.6%
Q2 2020-1.6%+2.8%+11.8%
Q1 2020-9.3%-11.2%-7.1%
Q4 2019-4.7%-7.1%-15.6%
Q3 2019+6.8%+8.2%+5.6%
Q2 2019+3.8%+1.4%-5.0%
Q1 2019-1.5%-6.5%-13.8%
Q4 2018+9.0%+10.2%+4.7%
Q3 2018-8.3%-7.4%-1.7%
Q2 2018+8.4%+7.6%+10.7%
Q1 2018+5.2%+3.1%+14.1%
Q4 2017-6.0%-4.5%-3.9%
Q3 2017-1.1%-2.1%-6.1%
Q2 2017-6.7%-4.8%-6.3%
Q1 2017+7.8%+4.1%+2.6%
Q4 2016+6.1%+6.8%+1.6%
Q3 2016-1.5%-0.7%+16.4%
Q2 2016+4.9%+4.4%+2.7%
Q1 2016+0.3%
Q4 2015-13.4%
Q3 2015+3.7%
Q2 2015-5.1%
Q1 2015+3.2%
Q4 2014+6.1%
Q3 2014-4.5%
Q2 2014+0.3%
Q1 2014-3.2%
Q4 2013-0.5%
Q3 2013+1.2%
Q2 2013-5.2%
Q1 2013+0.0%
Q4 2012+0.6%
Q3 2012+5.8%
Q2 2012+4.6%
Q1 2012-0.7%
Q4 2011-2.3%
Q3 2011-2.9%
Q2 2011-2.5%
Q1 2010+1.6%
Q4 2010+1.6%
Q1 2011+6.4%
Q4 2008+2.4%
Q2 2009-1.9%
Q3 2009-1.9%
Q2 2010+2.3%
Q4 2009+2.3%

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