FORWARD AIR CORP (FWRD)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Operating revenue | 618,844 | - | 655,937 | 643,666 |
| Other operating expenses | 43,407 | 55,533 | 55,564 | 65,666 |
| Operating leases | 49,505 | 48,792 | 48,810 | 46,258 |
| Insurance and claims | 15,536 | 15,007 | 17,382 | 14,698 |
| Purchased transportation | 303,300 | 304,262 | 332,469 | 321,587 |
| Salaries, wages and employee benefits | 145,490 | 141,915 | 133,516 | 144,000 |
| Impairment of goodwill | - | - | 14,751 | 1,092,714 |
| Fuel expense | 5,278 | 5,649 | 4,855 | 5,859 |
| Depreciation and amortization | 36,806 | 37,360 | 25,893 | 48,639 |
| Total operating expenses | 599,322 | 608,518 | 633,240 | 1,739,421 |
| Operating revenue | - | 613,281 | - | - |
| Income (loss) from continuing operations | 19,522 | 4,763 | 22,697 | -1,095,755 |
| Other (expense) income, net | -6,656 | 104 | -11 | 40 |
| Interest expense, net | 45,326 | 45,547 | 52,770 | 47,265 |
| Foreign exchange (loss) gain | -4,653 | -922 | -2,812 | 1,567 |
| Total other expense | -56,635 | -46,365 | -55,593 | -45,658 |
| Net loss from continuing operations before income taxes | -37,113 | -41,602 | -32,896 | -1,141,413 |
| Income tax (benefit) expense | -16,749 | 19,589 | 1,302 | -174,942 |
| Net loss from continuing operations | -20,364 | - | -34,198 | -966,471 |
| Loss from discontinued operations, net of tax | - | - | -1,137 | -4,876 |
| Net loss | -20,364 | -61,191 | -35,335 | -971,347 |
| Net loss attributable to noncontrolling interest | -7,781 | -10,554 | 38,073 | -325,914 |
| Net loss attributable to forward air | -12,583 | -50,637 | -73,408 | -645,433 |
| Denominator for basic net loss per share - weighted-average number of common shares outstanding (in shares) | 30,429,000 | 30,193,000 | 27,941,000 | 26,803,000 |
| Denominator for diluted net loss per share - weighted-average number of common shares outstanding (in shares) | 30,429,000 | 30,193,000 | 27,941,000 | 26,803,000 |
| Net loss per basic share (in dollars per share) | -0.41 | -1.68 | -2.66 | -23.47 |
| Net loss per diluted share (in dollars per share) | -0.41 | -1.68 | -2.66 | -23.47 |