forward air corporation is a leading provider of time-definite surface transportation and related logistics services to the north american air freight and expedited ltl market. we provide scheduled surface transportation of cargo as a cost effective, reliable alternative to air transportation. we transport air freight that must be delivered at a specific time, but is less time-sensitive than traditional integrated services. in the past decade, we have greatly expanded our service offerings to include an array of logistics services, including pick-up and delivery, intermodal drayage, pool distribution, and specialized temperature-controlled logistics services. our network of freight terminals are located on or near airports in 92 u.s. and canadian cities, including our central sorting facility in columbus, ohio and 11 regional sort centers that create the most effective linehaul network in the industry.
Company profile
Ticker
FWRD
Exchange
Website
CEO
Thomas Schmitt
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
C.H. Robinson Worldwide • Brink`s • Hub Group, Inc. - Ordinary Shares • Navios South American Logistics • Echo Global Logistics • Expeditors International Of Washington • Hunter Maritime Acquisition • Radiant Logistics • Jayud Global Logistics Ltd - Ordinary Shares • Singularity Future Technology ...
Former names
LANDAIR SERVICES INC
SEC CIK
Corporate docs
Subsidiaries
FAF, Inc. • FORWARD AIR, INC. • Central States Trucking Co. • Central States Logistics, Inc. • TQI HOLDINGS, INC. • Forward Air Royalty, LLC • Forward Air Technology • FACSBI, LLC • Towne Holdings, LLC • Synergy Cargo Logistics, Inc. ...
IRS number
621120025
FWRD stock data
Latest filings (excl ownership)
8-K/A
Financial Statements and Exhibits
11 Apr 24
PRE 14A
Preliminary proxy
11 Apr 24
8-K
Departure of Directors or Certain Officers
21 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
NT 10-K
Notice of late annual filing
29 Feb 24
8-K
Forward Air Corporation Reports Fourth Quarter and Full Year 2023 Results
28 Feb 24
8-K
Entry into a Material Definitive Agreement
15 Feb 24
8-K
Forward Air Announces Leadership Changes
7 Feb 24
8-K
Forward Air Announces Closing of Omni Logistics Transaction
31 Jan 24
8-K
Settlement and Release Agreement
24 Jan 24
Transcripts
FWRD
Earnings call transcript
2023 Q4
29 Feb 24
FWRD
Earnings call transcript
2023 Q3
31 Oct 23
FWRD
Earnings call transcript
2023 Q2
3 Aug 23
FWRD
Earnings call transcript
2023 Q1
2 May 23
FWRD
Earnings call transcript
2022 Q4
9 Feb 23
FWRD
Earnings call transcript
2022 Q3
29 Oct 22
FWRD
Earnings call transcript
2022 Q2
31 Jul 22
FWRD
Earnings call transcript
2022 Q1
30 Apr 22
FWRD
Earnings call transcript
2021 Q4
10 Feb 22
FWRD
Earnings call transcript
2021 Q3
30 Oct 21
Latest ownership filings
4/A
Christopher H. Schmachtenberger
1 Apr 24
4
Thomas Schmitt
1 Apr 24
4
JOSEPH MICHAEL TOMASELLO
1 Apr 24
4
KYLE R MITCHIN
1 Apr 24
4
Michael L Hance
1 Apr 24
4
CHRIS C RUBLE
1 Apr 24
4
Christopher H. Schmachtenberger
29 Mar 24
4
Christopher H. Schmachtenberger
29 Mar 24
4
MICHAEL B HODGE
29 Mar 24
4
VALERIE A BONEBRAKE
29 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 18.84 mm | 18.84 mm | 18.84 mm | 18.84 mm | 18.84 mm | 18.84 mm |
Cash burn (monthly) | (no burn) | 2.33 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 15.48 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 3.37 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 1.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
96.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 251 |
Opened positions | 58 |
Closed positions | 51 |
Increased positions | 78 |
Reduced positions | 87 |
13F shares | Current |
---|---|
Total value | 1.74 tn |
Total shares | 25.40 mm |
Total puts | 558.70 k |
Total calls | 103.20 k |
Total put/call ratio | 5.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 3.95 mm | $271.38 bn |
Vanguard | 2.92 mm | $200.69 bn |
SAMG Silvercrest Asset Management | 1.24 mm | $85.15 bn |
MS Morgan Stanley | 1.21 mm | $83.41 bn |
STT State Street | 1.00 mm | $68.96 bn |
Dimensional Fund Advisors | 777.87 k | $53.47 bn |
Ancora Advisors | 745.59 k | $51.25 bn |
Assenagon Asset Management | 726.54 k | $49.94 bn |
UBS UBS Group AG - Registered Shares | 683.57 k | $46.99 bn |
AMP Ameriprise Financial | 673.37 k | $46.29 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Tomasello Joseph Michael | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 168 | 0.00 | 25,881 |
15 Mar 24 | Tomasello Joseph Michael | Common Stock | Grant | Acquire A | No | No | 0 | 567 | 0.00 | 26,049 |
15 Mar 24 | Tomasello Joseph Michael | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 449 | 0.00 | 25,482 |
15 Mar 24 | Tomasello Joseph Michael | Common Stock | Grant | Acquire A | No | No | 0 | 1,506 | 0.00 | 25,931 |
15 Mar 24 | Mitchin Kyle R | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 158 | 0.00 | 37,107.703 |
15 Mar 24 | Mitchin Kyle R | Common Stock | Grant | Acquire A | No | No | 0 | 567 | 0.00 | 37,265.703 |
15 Mar 24 | Mitchin Kyle R | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 419 | 0.00 | 36,698.703 |
15 Mar 24 | Mitchin Kyle R | Common Stock | Grant | Acquire A | No | No | 0 | 1,506 | 0.00 | 37,117.703 |
15 Mar 24 | Hance Michael L | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 264 | 0.00 | 78,370.452 |
15 Mar 24 | Hance Michael L | Common Stock | Grant | Acquire A | No | No | 0 | 1,083 | 0.00 | 78,634.452 |
News
Why Travelers Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
17 Apr 24
The Analyst Landscape: 4 Takes On Forward Air
3 Apr 24
Benchmark Reiterates Hold on Forward Air
3 Apr 24
Top 5 Industrials Stocks That Could Blast Off This Quarter
3 Apr 24
A Closer Look at 4 Analyst Recommendations For Forward Air
1 Mar 24
Press releases
Forward Air Leaders Recognized for Outstanding Service
21 Mar 24
Forward Air Corporation Reports Fourth Quarter and Full Year 2023 Results
28 Feb 24
Forward Air Corporation Changes Timing of Fourth Quarter 2023 Earnings Release to February 28
16 Feb 24
Forward Air Announces Leadership Changes
7 Feb 24
Forward Air Provides Update on January 2024 Performance
5 Feb 24