Quarterly ResultMay 11, 2026, 04:20 PM
Forward Air Q1 Net Loss Narrows to $34.3M; Operating Income Up to $20.4M
AI Summary
Forward Air Corporation reported a reduced net loss of $34.3 million for Q1 2026, significantly improving from a $50.6 million loss in Q1 2025. Despite a decrease in operating revenues to $582.0 million, the company saw a substantial increase in income from operations to $20.4 million. Cash flow from operating activities also improved, reaching $45.7 million, and a settlement was reached in a shareholder complaint related to the Omni Acquisition.
Key Highlights
- Net loss attributable to Forward Air narrowed to $34.3 million in Q1 2026 from $50.6 million in Q1 2025.
- Basic and diluted net loss per share improved to $(1.09) in Q1 2026 from $(1.68) in Q1 2025.
- Operating revenues decreased to $582.0 million in Q1 2026 from $613.3 million in Q1 2025.
- Income from operations surged to $20.4 million in Q1 2026, up from $4.8 million in Q1 2025.
- Net cash provided by operating activities increased to $45.7 million in Q1 2026 from $27.6 million in Q1 2025.
- Expedited Freight segment profit rose to $20.0 million in Q1 2026 from $15.6 million in Q1 2025.
- Long-term debt stood at $1.69 billion as of March 31, 2026.
- Settlement reached in shareholder complaint related to Omni Acquisition, subject to court approval.