The earnings call reflects a mixed sentiment with significant operational achievements, particularly in the Expedited Freight and Omni Logistics segments, and improved cash flow. However, these positives are balanced by revenue declines in certain areas and ongoing market challenges.

Company Guidance

During the Forward Air Second Quarter 2025 Earnings Conference Call, the company provided guidance and updates on various financial metrics. Consolidated EBITDA for the quarter was $74 million, improving from $69 million in the first quarter of 2025 but down from $89 million in the second quarter of the previous year. The Expedited Freight segment reported a significant improvement in EBITDA, growing from $18 million in the fourth quarter of 2024 to $30 million in the second quarter of 2025, with a margin increase of 500 basis points to 11.6%. The Omni Logistics segment saw a revenue increase of $16 million year-over-year, reaching $328 million, with EBITDA rising from $20 million to $30 million, reflecting a 47% improvement. The company also reported a decrease in second-quarter consolidated revenue by 3.9% to $619 million compared to last year, largely due to a decline in the Expedited Freight segment. Forward Air highlighted its strategic focus on optimizing pricing, managing discretionary expenses, and maintaining service quality to enhance profitability and prepare for future market normalization.

Operational Excellence and Awards

Omni Logistics received multiple awards, including International and Domestic Forwarder of the Year by doTERRA International, marking a significant recognition of their service excellence. Forward Air was also recognized by GLT Logistics and Advanced Micro Devices for outstanding performance.

Expedited Freight Segment Improvement

Reported EBITDA for the Expedited Freight segment improved from $18 million in Q4 2024 to $30 million in Q2 2025, with a margin increase of 500 basis points from 6.6% to 11.6%.

Omni Logistics Segment Growth

Omni Logistics saw a revenue increase of $16 million to $328 million in Q2 2025, with a 47% year-over-year increase in reported EBITDA from $20 million to $30 million, and margin improvement from 6.4% to 9%.

Cash Flow Improvement

$13 million in cash used by operations in Q2 2025 was a $32 million improvement compared to the previous year, with significant overall improvements in cash provided by operations.

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
Oct 29, 2025	2025 (Q3)	-0.14 / -	-2.62	―	―	―
Aug 11, 2025	2025 (Q2)	-0.26 / -0.03	-23.29	99.86% (+23.26)
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)	―

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
Aug 11, 2025	$28.57	$29.12	+1.93%
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%

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 Oct 29, 2025, After Close (Confirmed).

What is Forward Air (FWRD) earnings time?

Forward Air (FWRD) earnings time is at Oct 29, 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 (Q3) is -0.14.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing