Forward Air Corporation Reports Third Quarter 2018 Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. SAP
6. CSX
7. LRCX
8. LVS
9. MRNA
10. SPCX

Go back to Forward Air Corporation Reports Third Quarter 2018 Results

Forward Air (FWRD) Misses Q4 EPS by 4c, Revenues Beat

October 24, 2018 4:39 PM EDT

Forward Air (NASDAQ: FWRD) reported Q4 EPS of $0.76, $0.04 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $331.4 million versus the consensus estimate of $328.4 million.

Tom Schmitt, President and CEO, commenting on third quarter results said, Our strong third quarter growth fueled our year-to-date record results. Consolidated revenues grew 11.1% driven by solid revenue management across the portfolio. Consolidated operating income grew 9.9% amid a tight truckload market that drove higher purchased transportation costs for all of our business units. Intermodal generated record quarterly results, as the team capitalized on the benefits of increased... More