Forward Air's recalculated Q1 shows improved leverage ratio [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
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Source: Yahoo! Finance
The company said “after performing a thorough assessment of all available addbacks permitted under the credit agreement,” its adjusted earnings before interest, taxes, depreciation and amortization increased from $300 million to $324 million for the 12-month period ended March 31. The new EBITDA number placed its net debt leverage ratio at 5.1 times versus the 5.5 times previously announced. That compares favorably to a required threshold for debt leverage to be less than 6 times during both the second and third quarters. The adjusted calculation excludes several one-time costs and expenses tied to the acquisition of Omni Logistics. Forward's ( NASDAQ: FWRD ) credit agreement was amended in mid-February, not long after it closed on a controversial merger with Omni “We wanted to provide this adjustment to our first quarter reporting as part of the new leadership's commitment to increased transparency,” said CEO Shawn Stewart in a late Thursday news release. Forward also announce
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FWRD
News
- Forward Air Provides Update on First Quarter 2024 Non-GAAP Financial Measures [Yahoo! Finance]Yahoo! Finance
- Forward Air Provides Update on First Quarter 2024 Non-GAAP Financial MeasuresBusiness Wire
- Texas-based U.S. Logistics Solutions files for bankruptcy liquidation [Yahoo! Finance]Yahoo! Finance
- Check Call: Long live the tale of Coyote Logistics [Yahoo! Finance]Yahoo! Finance
- Saia adds terminals in Southern California, Minnesota [Yahoo! Finance]Yahoo! Finance
FWRD
Earnings
- 5/8/24 - Miss
FWRD
Sec Filings
- 6/28/24 - Form 8-K
- 6/17/24 - Form S-8
- 6/13/24 - Form SC
- FWRD's page on the SEC website