Company Information

  

Address: 1915 SNAPPS FERRY ROAD
BUILDING N 
City: GREENEVILLE 
State: TN 
Zip Code: 37745 
Telephone: 423-636-7000 

Description of Business

Primary SIC Code: 4731
(As filed with the SEC)  

Forward Air is a leading asset-light freight and logistics company. We provide less-than-truckload ("LTL"), truckload, intermodal and pool distribution services across the United States and in Canada. We utilize an asset-light strategy to minimize our investments in equipment and facilities and to reduce our capital expenditures. Forward Air was formed as a corporation under the laws of the State of Tennessee on October 23, 1981. Our common stock is listed on the Nasdaq Global Select Market under the symbol "FWRD". Services Provided Our services are classified into four principal reportable segments: Expedited LTL, Truckload Premium Services ("TLS"), Intermodal and Pool Distribution. For financial information relating to each of our business segments, see Note 10, "Segment Reporting," in the Notes to consolidated Financial Statements included in this Form 10-K. Expedited LTL.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20172.890.15019.88
09/20172.120.15027.00
06/20171.910.15027.90
03/20170.950.15050.07
12/20160.900.15052.64
09/20161.240.12034.89
06/20161.350.12032.99
03/20162.070.12021.89

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.45Total Liab/Total Assets0.22
Net Inc/Total Assets0.13Total Liab/Inv Cap0.25
Net Inc/Inv Cap0.14Total Liab/Comm Equity0.79
Pretax Inc/Net Sales0.10Interest Coverage Ratio89.88
Net Inc/Net Sales0.08Curr Debt/Equity0.01
Cash Flow/Net Sales0.09LTD/Equity0.08
SG&A/NetSales0.39Total Debt/Equity0.09
Asset Utilization   Liquidity  
Net Receivables Turnover8.34Quick Ratio2.68
Inventory Turnover383.95Current Ratio2.71
Inventory Day Sales1.01Net Rec/Curr Assets0.91
Net Sales/Work Cap10.73Inv/Curr Assets0.01
Net Sales/PP&E5.34  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 302.61 306.12 280.20 252.45
Cost of Goods Sold 152.37 149.44 135.27 112.40
Selling & Admin Exps 115.31 117.42 107.71 100.58
Operating Income 24.24 28.78 26.90 29.25
Interest Exp 0.37 0.40 0.29 0.24
Pretax Income 23.86 28.37 26.61 29.04
Other Income 0.00 0.00 -0.00 0.02
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 17.74 35.37 18.16 19.21

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 12.74 3.89 12.42 10.09
Receivables - Total 146.19 147.47 132.10 123.54
Inventories - Total NA 1.43 NA NA
Total Current Assets 170.07 162.74 157.84 148.15
Net Property, Plant & Equipment 203.60 206.11 191.78 189.56
Total Assets 690.21 687.72 669.17 659.69
Liabilities        
Accounts Payable 65.98 53.12 57.73 54.19
Debt in Current Liabilities 0.35 6.68 0.47 0.46
Total Current Liabilities 66.33 60.13 58.20 54.65
Long-Term Debt 40.52 40.59 40.70 20.98
Total Liabilities 163.76 154.23 163.58 140.45
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.29 0.30 0.30 0.30
Retained Earnings 328.55 337.85 313.94 330.27
Treasury Stock NA NA NA NA
Total Stockholders' Equity 526.44 533.49 505.59 519.24
Total Liabilities and Stockholders' Equity 690.21 687.72 669.17 659.69

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 40.81 25.65 25.73 14.92
Net Cash Provided by Investing Activities -5.67 -24.50 -9.38 -23.58
Net Cash Provided by Financing Activities -26.30 -9.68 -14.02 4.41

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013652.4854.471.77
12/2014780.9661.171.96
12/2015959.1255.581.78
12/2016982.5327.670.90
12/20171,100.8287.322.89
Growth Rates13.9712.5213.04

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/1825529,962--




Report Date : 6/18/2018

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