Logotype for Forward Air Corporation

Forward Air (FWRD) investor relations material

Forward Air Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Forward Air Corporation
Q2 2025 earnings summary11 Aug, 2025

Executive summary

  • Q2 2025 delivered solid operational performance with sequential revenue and income growth, driven by cost management, pricing actions, and successful integration of major acquisitions.

  • The combined entity leverages a global logistics platform with 250+ facilities in 21 countries, supporting scale and service quality.

  • Net loss improved sharply to $20.4M from a prior-year loss of $966.5M, reflecting the absence of a $1.1B goodwill impairment.

  • Board-initiated strategic review and ongoing transformation efforts remain key focus areas.

  • Recognized for operational excellence and customer service through multiple industry awards.

Financial highlights

  • Q2 2025 consolidated revenue was $619M, down 3.9% year-over-year but up sequentially; EBITDA margin improved to 11.9%.

  • Net loss from continuing operations was $20.4M, a significant improvement from a $966.5M loss in Q2 2024.

  • Cash provided by operating activities year-to-date was $14M, up $111M from prior year; liquidity at quarter-end was $368M.

  • Net leverage ratio increased to 5.7x LTM EBITDA; long-term debt at $1.68B as of Q2 2025.

  • No long-term debt maturities until December 2030.

Outlook and guidance

  • Management expects continued margin and cash flow improvement as cost synergies are realized and pricing actions take effect.

  • No quantitative EBITDA guidance provided; focus remains on cost discipline, service quality, and long-term growth.

  • Strategic review and Omni integration are expected to impact future results, with no set timetable for review completion.

  • Diversified product portfolio and global footprint expected to drive resilience amid macroeconomic uncertainty.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Forward Air earnings date

Logotype for Forward Air Corporation
Q3 20253 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Forward Air earnings date

Logotype for Forward Air Corporation
Q3 20253 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Forward Air Corporation provides asset-light transportation and logistics services, including expedited less-than-truckload, final mile delivery, intermodal drayage, and brokerage. The company serves retail, manufacturing, and e-commerce customers across North America. It is headquartered in Greeneville, Tennessee, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage