Company Information

  

Address: 430 AIRPORT RD  
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 can be 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
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
12/20151.780.12024.16

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.15Total Liab/Total Assets0.22
Net Inc/Total Assets0.04Total Liab/Inv Cap0.27
Net Inc/Inv Cap0.05Total Liab/Comm Equity0.79
Pretax Inc/Net Sales0.06Interest Coverage Ratio37.56
Net Inc/Net Sales0.03Curr Debt/Equity0.07
Cash Flow/Net Sales0.13LTD/Equity0.00
SG&A/NetSales0.40Total Debt/Equity0.07
Asset Utilization   Liquidity  
Net Receivables Turnover8.03Quick Ratio1.73
Inventory Turnover345.55Current Ratio1.75
Inventory Day Sales0.95Net Rec/Curr Assets0.86
Net Sales/Work Cap16.84Inv/Curr Assets0.01
Net Sales/PP&E4.91  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 280.20 267.52 246.98 264.79
Cost of Goods Sold 135.27 127.01 112.57 122.61
Selling & Admin Exps 107.71 100.48 101.19 104.16
Operating Income 26.90 29.81 23.19 28.22
Interest Exp 0.29 0.24 0.28 0.37
Pretax Income 26.61 29.59 22.88 28.01
Other Income -0.00 0.02 -0.03 0.15
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 18.16 19.55 14.24 12.71

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 12.42 10.09 14.34 8.51
Receivables - Total 132.10 123.54 116.47 116.60
Inventories - Total NA NA NA 1.31
Total Current Assets 157.84 148.15 139.20 136.27
Net Property, Plant & Equipment 191.78 189.56 193.94 200.21
Total Assets 669.17 659.69 635.87 641.29
Liabilities        
Accounts Payable 57.73 54.19 58.13 43.97
Debt in Current Liabilities 0.47 0.46 0.35 33.61
Total Current Liabilities 58.20 54.65 58.49 77.93
Long-Term Debt 40.70 20.98 13.53 0.73
Total Liabilities 163.58 140.45 135.24 142.22
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.30 0.30 0.30 0.30
Retained Earnings 313.94 330.27 317.33 319.26
Treasury Stock NA NA NA NA
Total Stockholders' Equity 505.59 519.24 500.63 499.07
Total Liabilities and Stockholders' Equity 669.17 659.69 635.87 641.29

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 25.73 14.92 37.06 35.74
Net Cash Provided by Investing Activities -9.38 -23.58 -1.73 -12.99
Net Cash Provided by Financing Activities -14.02 4.41 -29.50 -25.55

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012584.4552.671.78
12/2013652.4854.471.77
12/2014780.9661.171.96
12/2015959.1255.581.78
12/2016982.5327.670.90
Growth Rates13.87-14.86-15.68

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1719928,80196.74




Report Date : 12/4/2017

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