Forward Air

Forward Air Corporation is a leading provider of time-definite surface transportation and related logistics services to the North American air freight and expedited LTL market. We provide scheduled surface transportation of cargo as a cost effective, reliable alternative to air transportation. We transport air freight that must be delivered at a specific time, but is less time-sensitive than traditional integrated services. In the past decade, we have greatly expanded our service offerings to include an array of logistics services, including pick-up and delivery, intermodal drayage, pool distribution, and specialized temperature-controlled logistics services. Our network of freight terminals are located on or near airports in 92 U.S. and Canadian cities, including our central sorting facility in Columbus, Ohio and 11 regional sort centers that create the most effective linehaul network in the industry.
Type
Public
HQ
Greeneville, US
Founded
1993
Size (employees)
3,689 (est)+8%
Forward Air was founded in 1993 and is headquartered in Greeneville, US

Forward Air Office Locations

Forward Air has an office in Greeneville
Greeneville, US (HQ)
Po Box 1058

Forward Air Data and Metrics

Forward Air Financial Metrics

Forward Air's revenue was reported to be $247 m in Q1, 2017
USD

Revenue (Q1, 2017)

247 m

EBIT (Q1, 2017)

23.2 m

Market capitalization (25-Jul-2017)

1.6 b

Cash (31-Mar-2017)

14.3 m
Forward Air's current market capitalization is $1.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

652.5 m781 m959.1 m982.5 m

Revenue growth, %

20%23%2%

Operating expense total

568.1 m684.6 m877.4 m922.6 m

EBIT

84.4 m96.4 m81.8 m60 m

EBIT margin, %

13%12%9%6%

Interest expense

532 k610 k2 m1.6 m

Pre tax profit

83.9 m96.1 m79.7 m58.4 m

Income tax expense

29.5 m34.9 m24.1 m30.7 m

Net Income

54.5 m61.2 m55.6 m27.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

193.9 m201.5 m205.9 m249.7 m247.1 m229.5 m238.6 m249.6 m247 m

EBIT

27.6 m26.9 m8.2 m19.9 m24.6 m21.4 m(14.3 m)24.7 m23.2 m

EBIT margin, %

14%13%4%8%10%9%(6%)10%9%

Pre tax profit

27.6 m26.7 m7.8 m19.2 m24.1 m20.8 m(14.9 m)24.5 m22.9 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

42 m74.5 m58.8 m112.2 m127.4 m41.4 m33.3 m8.5 m

Inventories

1.1 m1.1 m1.3 m1.3 m

Current Assets

220.4 m150 m173.5 m136.3 m

Goodwill

88.5 m144.4 m205.6 m184.7 m

Total Assets

506.3 m541.8 m700.2 m641.3 m

Accounts Payable

16.3 m20.6 m23.3 m18 m

Total Debt

27.7 m

Current Liabilities

34.6 m43.4 m109 m77.9 m

Additional Paid-in Capital

107.7 m130.1 m160.9 m179.5 m

Retained Earnings

327.8 m333.2 m348.9 m319.3 m

Total Equity

435.9 m463.6 m510.1 m499.1 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

1.2 x1.2 x1.4 x1.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

24.9 m24.6 m54.5 m42.5 m47.4 m38 m21.7 m11.3 m14.3 m

Current Assets

137.2 m138.6 m196.7 m193.3 m185.7 m167.9 m163.6 m144 m139.2 m

Goodwill

138.8 m140.7 m202.9 m206.5 m206.9 m206.5 m179.3 m184.7 m184.7 m

Total Assets

532.5 m529.9 m715.4 m709.4 m698.7 m689.1 m644.4 m641.5 m635.9 m

Accounts Payable

21.4 m21.4 m21.6 m27.6 m27.4 m17.8 m13.8 m18.4 m15.8 m

Current Liabilities

43.7 m45 m114 m116.7 m113 m118.7 m100.7 m91.1 m58.5 m

Additional Paid-in Capital

123.7 m126.5 m147.4 m150.8 m152.7 m163.7 m166.4 m174.5 m183 m

Retained Earnings

326.7 m319.8 m329.3 m337.4 m339.4 m346.5 m322.8 m321.1 m317.3 m

Total Equity

450.7 m446.6 m477 m488.5 m492.4 m510.6 m489.5 m495.8 m500.6 m

Financial Leverage

1.2 x1.2 x1.5 x1.5 x1.4 x1.3 x1.3 x1.3 x1.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Depreciation and Amortization

23.6 m31.1 m37.2 m38.2 m

Inventories

1.1 m1.1 m1.3 m1.3 m

Accounts Payable

16.3 m20.6 m23.3 m18 m

Cash From Operating Activities

15.2 m(85.9 m)(8.1 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Depreciation and Amortization

7.8 m8.1 m8.7 m9.5 m9.4 m9.7 m9.3 m9.4 m10 m

Accounts Payable

21.4 m21.4 m21.6 m27.6 m27.4 m17.8 m13.8 m18.4 m15.8 m
USDY, 2017

Revenue/Employee

67 k

Financial Leverage

1.3 x

Forward Air Market Value History

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Forward Air Company Life and Culture

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