Last $53.85 USD
Change Today -0.23 / -0.43%
Volume 104.2K
FWRD On Other Exchanges
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NASDAQ GS
As of 8:10 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

forward air corp (FWRD) Key Developments

Forward Air Seeks Acquisitions

Forward Air Corp. (NasdaqGS:FWRD) is seeking acquisitions. Rodney Bell, Forward Air's Chief Financial Officer, said "We deliver superior returns to our shareholders through profitable organic growth as well as disciplined acquisitions."

Forward Air Mulls Acquisitions

Forward Air Corp. (NasdaqGS:FWRD) intends to pursue acquisitions. "Today we have $65 million in cash, soon to have $125 million of very debt at a very favorable rate. And we still have dry powder our full revolver of $150 million. So with a great cash flow, there's no reason we can't continue to look for and make prudent acquisitions," Rodney Bell, Chief Financial Officer, Senior Vice President and Treasurer

Forward Air Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014

Forward Air Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenue of $214,062,000, income from operations of $25,635,000, income before income taxes of $25,525,000, net income of $17,046,000 or $0.55 per diluted share, compared to the operating revenue of $181,085,000, income from operations of $23,203,000, income before income taxes of $23,099,000, net income of $15,585,000 or $0.50 per diluted share, for the same quarter a year ago. Net cash provided by operating activities of $26,567,000 compared to $30,352,000 a year ago. Purchases of property and equipment of $2,386,000 compared to $2,173,000 for the previous year. For the year, the company reported operating revenue of $780,959,000, income from operations of $96,406,000, income before income taxes of $96,085,000, net income of $61,169,000 or $1.96 per diluted share, net cash provided by operating activities of $30,352,000, purchases of property and equipment of $2,173,000 compared to the operating revenue of $652,481,000, income from operations of $84,355,000, income before income taxes of $83,922,000, net income of $54,467,000 or $1.77 per diluted share a year ago. Net cash provided by operating activities of $91,660,000 compared to $90,839,000 a year ago. Purchases of property and equipment of $39,487,000 compared to $35,439,000 for the previous year.

Forward Air Corp. Declares Quarterly Cash Dividend, Payable on March 27, 2015

Forward Air Corp. announced that on February 10, 2015, the board of directors declared a quarterly cash dividend of $0.12 per share of common stock. The dividend is payable to shareholders of record at the close of business on March 12, 2015, and is expected to be paid on March 27, 2015.

Forward Air Corp. Presents at BB&T Capital Markets 30th Annual Transportation Services Conference, Feb-12-2015 09:20 AM

Forward Air Corp. Presents at BB&T Capital Markets 30th Annual Transportation Services Conference, Feb-12-2015 09:20 AM. Venue: The Biltmore, 1200 Anastasia Avenue, Coral Gables, FL 33134, United States.

 

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FWRD

Industry Average

Valuation FWRD Industry Range
Price/Earnings 27.7x
Price/Sales 2.1x
Price/Book 3.5x
Price/Cash Flow 17.9x
TEV/Sales 2.1x
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