Forward Air (FWRD) Declares $0.15 Quarterly Dividend; 1.2% Yield
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Forward Air Corporation Reports First Quarter 2017 Results and Quarterly Cash Dividend
April 26, 2017 4:05 PM EDTGREENEVILLE, Tenn.--(BUSINESS WIRE)-- Forward Air Corporation (NASDAQ: FWRD) today reported operating revenue, income from operations, net income and diluted earnings per share for the three months ended March 31, 2017.
Operating revenue for the quarter ended March 31, 2017 increased 7.6% to $247.0 million from $229.5 million for the same quarter in 2016. Income from operations was $23.2 million, compared to $21.4 million in the prior year quarter. Net income during the period was $14.2 million compared to $13.1 million in the first quarter of 2016. Net income per diluted share for the first quarter of 2017 was $0.47 compared to $0.43 in the prior year quarter.
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