Why Forward Air Stock Hit New Lows in May [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
Shares of Forward fell 23.7% for the month, according to data provided by S&P Global Market Intelligence , after investors got a glimpse of how bad things are at the transportation company. A bad deal creates bad results Forward Air is an asset-light provider of transportation services . The stock has been under pressure since last year when the company announced its intention to acquire Omni Logistics. The deal raised objections from activist investors who argued that Forward Air was overpaying. The deal closed in January, and in early May, Forward Air announced a $0.64 per-share quarterly loss on revenue of $541.8 million. This was considerably worse than the $0.11 per-share loss on sales of $604 million that Wall Street had predicted. Forward was weighed down by Omni's results due to the target's added exposure to sluggish international freight markets. The entire transportation sector has been under pressure as customers have cut back on inventories in response to concerns
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News
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- Forward Air's board rewarded for destroying shareholder value [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