Forward Air's board rewarded for destroying shareholder value [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
Company Research
Source: Yahoo! Finance
In 2023, Forward Air's ( NASDAQ: FWRD ) stock traded at a high of $121 per share. Then the company announced an agreement to acquire Omni Logistics. The press release had then-Chairman, President and CEO Tom Schmitt quoted as saying, “The combination of Omni with Forward creates a company positioned to achieve the full potential of our LTL business, provide a broad offering of complementary services to our customers, and deliver meaningful value for our shareholders.” Furthermore, even the lead independent director of the board, Craig Carlock, was quoted as saying, “By uniting these two complementary businesses, the combined company will be well-positioned to meet the unique and evolving needs of a diverse and growing customer base while delivering enhanced value for our shareholders. … The Forward Board is confident in the value potential inherent in this combination and excited for the benefits it will bring to our key stakeholders.” However, within days, the share price plum
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FWRD
News
- TFI acquires food-grade tank hauler [Yahoo! Finance]Yahoo! Finance
- Forward Air Cuts Staff in Post-Merger Restructuring [Yahoo! Finance]Yahoo! Finance
- Check Call: Mo' money, mo' problems for brokers [Yahoo! Finance]Yahoo! Finance
- Forward Air cuts workforce as it navigates post-merger landscape [Yahoo! Finance]Yahoo! Finance
- Why Forward Air Stock Hit New Lows in May [Yahoo! Finance]Yahoo! Finance
FWRD
Earnings
- 5/8/24 - Miss
FWRD
Sec Filings
- 6/17/24 - Form S-8
- 6/13/24 - Form SC
- 6/10/24 - Form S-1
- FWRD's page on the SEC website