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Stock impact report

Why Forward Air Stock Had Some Serious Lift Today [Yahoo! Finance]

Forward Air Corporation (FWRD) 
Last forward air corporation earnings: 4/30 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: forwardair.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
On the back of an encouraging set of preliminary financial results and a business update, investors pushed the company's share price nearly 32% higher. That was more than good enough to beat the S&P 500 index's 9.5% rise. The market liked what it heard from Forward Air regarding its financial performance. The company unveiled selected, preliminary first-quarter results indicating that its non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization ( EBITDA ) figure will land at $54 million to $59 million. It added that its "liquidity" (defined as cash, cash equivalents, and availability of funds from a senior secured term loan) is anticipated to have risen during the period. That metric is pegged at $392 million at the end of the quarter, which would be a $10 million improvement over the end-of-fourth quarter number. Management also provided some comfort about tariffs, saying that according to its estimates 10% to 15% of its 2024 revenue would have come Show less Read more
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