Forward Air Corporation Reports Third Quarter 2018 Results
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Forward Air (FWRD) Misses Q4 EPS by 4c, Revenues Beat
October 24, 2018 4:39 PM EDTForward Air (NASDAQ: FWRD) reported Q4 EPS of $0.76, $0.04 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $331.4 million versus the consensus estimate of $328.4 million.
Tom Schmitt, President and CEO, commenting on third quarter results said, Our strong third quarter growth fueled our year-to-date record results. Consolidated revenues grew 11.1% driven by solid revenue management across the portfolio. Consolidated operating income grew 9.9% amid a tight truckload market that drove higher purchased transportation costs for all of our business units. Intermodal generated record quarterly results, as the team capitalized on the benefits of increased... More
