Forward Air (FWRD) Tops Q4 EPS by 11c

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Go back to Forward Air (FWRD) Tops Q4 EPS by 11c

Forward Air Corporation Reports Record Fourth Quarter and Fiscal 2015 Results and Quarterly Cash Dividend

February 9, 2016 4:05 PM EST

GREENEVILLE, Tenn.--(BUSINESS WIRE)-- Forward Air Corporation (NASDAQ: FWRD) today reported results for the fourth quarter and year ended December 31, 2015.

Operating revenue for the quarter ended December 31, 2015 increased 19.8% to $256.4 million from $214.1 million for the same quarter in 2014. Income from operations was $29.0 million, compared with $25.6 million for the fourth quarter of 2014, an increase of 13.3%. Net income per diluted share for the fourth quarter of 2015 was $0.75 compared with $0.55 in the same quarter of 2014.

Operating revenue for the year ended December 31, 2015 increased 22.8% to $959.1 million from $781.0 million for the year ended December 31, 2014. Income from operations was $81.8... More