The earnings call reflected a mix of positive and negative aspects. On the positive side, there were improvements in EBITDA, free cash flow, and specific segment performances like Intermodal. However, these were offset by revenue declines in the Expedited Freight segment and ongoing market uncertainties. While there were notable achievements, the challenges and uncertainties suggest a cautious outlook.

Company Guidance -

Q2 2025

During the Forward Air's First Quarter 2025 earnings call, the company provided several key metrics and guidance for the future. They reported a consolidated EBITDA of $69 million, up from $63 million a year ago, maintaining the same level as the previous quarter. They achieved a 10.4% EBITDA margin for the quarter, improving by almost 400 basis points from the last quarter. Free cash flow was positive, and liquidity increased by $11 million to $393 million. The company aims to double its revenue from $2.5 billion to $5 billion over the next five years, contingent on a return to a normal freight environment. They are focused on integrating two legacy companies to streamline operations and support growth. Approximately 70% of their 2024 revenue was from ground transportation, and the company is working on improving the Expedited Freight segment's margin. They also plan to increase transparency by transitioning to reporting financial results by service.

Increase in EBITDA and Free Cash Flow

Consolidated EBITDA reported at $69 million, up from $63 million a year ago. The last 12 months consolidated EBITDA was $313 million. Positive free cash flow generated, increasing liquidity by $11 million to $393 million.

Improvement in Expedited Freight Segment

Corrective pricing strategies led to an improvement in the Expedited Freight segment with an EBITDA margin of 10.4%, up almost 400 basis points from last quarter.

Growth in Intermodal Segment

Intermodal segment revenue increased by 11% to $62 million due to a 7.4% increase in revenue per shipment and a 2.9% increase in the number of shipments.

Sales and Revenue Transparency

Detailed revenue breakdown by service and region was provided, enhancing transparency into business operations. Approximately 70% of business was from ground transportation in North America.

Forward Air (FWRD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FWRD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 11, 2025	2025 (Q2)	-0.26 / -	-23.29	―	―	―
May 07, 2025	2025 (Q1)	-0.55 / -0.35	-0.64	45.31% (+0.29)
Feb 26, 2025	2024 (Q4)	-0.18 / -1.23	0.81	-251.85% (-2.04)
Nov 04, 2024	2024 (Q3)	-0.17 / -2.62	0.99	-364.65% (-3.61)
Aug 07, 2024	2024 (Q2)	-0.18 / -23.29	0.91	-2659.34% (-24.20)
May 09, 2024	2024 (Q1)	0.02 / -0.64	1.37	-146.72% (-2.01)
Feb 28, 2024	2023 (Q4)	0.98 / 0.81	1.65	-50.91% (-0.84)	―
Oct 30, 2023	2023 (Q3)	1.12 / 0.99	1.93	-48.70% (-0.94)	―
Aug 02, 2023	2023 (Q2)	1.27 / 0.91	2.04	-55.39% (-1.13)	―
May 01, 2023	2023 (Q1)	1.30 / 1.37	1.57	-12.74% (-0.20)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FWRD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2025	$17.23	$17.27	+0.23%
Feb 26, 2025	$25.75	$23.00	-10.68%
Nov 04, 2024	$33.73	$36.50	+8.21%
Aug 07, 2024	$22.50	$27.24	+21.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Forward Air (FWRD) report earnings?

Forward Air (FWRD) is schdueled to report earning on Aug 11, 2025, After Close (Confirmed).

What is Forward Air (FWRD) earnings time?

Forward Air (FWRD) earnings time is at Aug 11, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FWRD EPS forecast?

FWRD EPS forecast for the fiscal quarter 2025 (Q2) is -0.26.

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