Profile
Sector:
IndustrialsIndustry:
Integrated Freight & LogisticsCountry:
United StatesIPO:
16 November 1993Website:
http://www.forwardaircorp.comNext earnings report:
21 February 2025Last dividends:
21 November 2023Next dividends:
N/APrice
after hours | Wed, 20 Nov 2024 23:33:22 GMTAnalysts recommendations
Institutional Ownership
FWRD Latest News
Forward Air Corporation (NASDAQ:FWRD ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Tony Carreño - SVP, Treasury and IR Shawn Stewart - CEO Jamie Pierson - CFO Conference Call Participants Bruce Chan - Stifel Joe Hafling - Jefferies Scott Group - Wolfe Research Bascome Majors - Susquehanna Christopher Kuhn - Benchmark Company Operator Welcome to the Forward Air's Third Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation.
Forward Air (FWRD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
A voice within the company is pushing for a change in ownership.
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”) today issued the following statement: The Forward Air Board of Directors and management acknowledge and value the perspectives of the Company's shareholders. The Company has recently undergone a significant transformation, including substantially refreshing its Board and management team, and is focused on continuing to provide industry leading service and executing its strategic plan with a renewed sense.
Ancora joined a chorus of activist investors who are pushing Forward Air for a strategic review.
Forward Air Corporation (NASDAQ:FWRD ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Tony Carreño - Senior Vice President of Treasury and Investor Relations Shawn Stewart - Chief Executive Officer Jamie Pierson - Chief Financial Officer Conference Call Participants Bruce Chan - Stifel Bascome Majors - Susquehanna Scott Group - Wolfe Research Christopher Kuhn - Benchmark Stephanie Moore - Jefferies Operator Ladies and gentlemen thank you for standing by and welcome to the Forward Air Second Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation.
Forward reported a massive loss in the quarter, including one-time charges, but underlying business trends improved. The company is under new management and slowly making progress after an unpopular acquisition and disappointing results.
Forward Air reported disappointing quarterly results, confirming investor fears about a questionable acquisition from earlier in the year. Both activists and new management are now racing to turn the company around.
The stock price of Forward Air (NASDAQ: FWRD), an asset-light freight and logistics company with operations in the United States and Canada, trades at $15 per share, about 90% below its peak level of $125 seen in January 2022. FWRD stock was trading at $92 in early June 2022, just before the Fed started increasing rates, and is now 84% below that level, compared to a substantial 40% gain for the S&P 500 during this period.
Irenic Capital Management has a position of nearly 5%, making it one of the trucking company's top shareholders.
- 1(current)
What type of business is Forward Air?
Forward Air Corporation is a large transportation company that, along with its subsidiaries, specializes in the transportation of lightweight freight and logistics in the United States and Canada. The company was founded in 1981 and is headquartered in Greenville, Tennessee. The company operates in three segments: - The expedited freight segment provides services for expedited regional, interregional, and national freight transportation, as well as local pick-up and delivery services. - The intermodal segment offers services for transporting high-value intermodal containers to seaports and railway stations. - The Pool Distribution segment provides high-frequency handling and distribution of time-sensitive products to numerous destinations across the Mid-Atlantic, Southeast, Midwest, and Southwest regions of the United States.
What sector is Forward Air in?
Forward Air is in the Industrials sector
What industry is Forward Air in?
Forward Air is in the Integrated Freight & Logistics industry
What country is Forward Air from?
Forward Air is headquartered in United States
When did Forward Air go public?
Forward Air initial public offering (IPO) was on 16 November 1993
What is Forward Air website?
https://www.forwardaircorp.com
Is Forward Air in the S&P 500?
No, Forward Air is not included in the S&P 500 index
Is Forward Air in the NASDAQ 100?
No, Forward Air is not included in the NASDAQ 100 index
Is Forward Air in the Dow Jones?
No, Forward Air is not included in the Dow Jones index
When was Forward Air the previous earnings report?
No data
When does Forward Air earnings report?
The next expected earnings date for Forward Air is 21 February 2025