Forward Air Corporation Reports Second Quarter 2016 Results and Quarterly Cash Dividend

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Go back to Forward Air Corporation Reports Second Quarter 2016 Results and Quarterly Cash Dividend

Forward Air (FWRD) Misses Q2 EPS by 1c; 3M Share Buyback

July 21, 2016 4:10 PM EDT

Forward Air (NASDAQ: FWRD) reported Q2 EPS of $0.57, $0.01 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $238.6 million versus the consensus estimate of $246.84 million.

Bruce A. Campbell, Chairman, President, and CEO, commenting on the second quarter results said, Our Expedited LTL group posted an 82.8 operating ratio for the quarter, reflecting better overall linehaul pricing and outstanding operating efficiencies as we realize the benefits of the Towne integration. Within our Truckload Expedited business segment, TLX performed well while TQI, without... More