Forward Air (FWRD) Declares $0.15 Quarterly Dividend; 1.1% Yield

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Go back to Forward Air (FWRD) Declares $0.15 Quarterly Dividend; 1.1% Yield

Forward Air Corporation Reports Second Quarter 2017 Results and Quarterly Cash Dividend

July 26, 2017 4:05 PM EDT

GREENEVILLE, Tenn.--(BUSINESS WIRE)-- Forward Air Corporation (NASDAQ: FWRD) today reported operating revenue, income from operations, net income and diluted earnings per share for the three and six months ended June 30, 2017.

Operating revenue for the quarter ended June 30, 2017 increased 12.1% to $267.5 million from $238.6 million for the same quarter in 2016. Income from operations was $29.8 million, compared to loss from operations of $14.3 million in the prior year quarter, which includes a one-time non-cash charge of $42.4 million primarily resulting from intangible asset impairments related to the Companys TQI acquisition. Net income during the... More