Key Developments: Forward Air Corp (FWRD.O)

FWRD.O on Nasdaq

45.66USD
24 Oct 2014
Price Change (% chg)

$-2.69 (-5.56%)
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Latest Key Developments (Source: Significant Developments)

Forward Air Corp gives Q4 2014 revenues guidance above analysts' estimates; gives Q4 2014 EPS guidance
Thursday, 23 Oct 2014 04:11pm EDT 

Forward Air Corp:Anticipates Q4 2014 revenues will increase in the range of 18 pct to 22 pct over the comparable 2013 period.Expects Q4 2014 income per diluted share to be between $0.60 and $0.66 per share.Reported revenue of $181.09 mln in Q4 2013.Q4 2014 revenue of $216.56 mln and EPS of $0.66 - Thomson Reuters I/B/E/S.  Full Article

Forward Air Corp declares quarterly cash dividend
Thursday, 23 Oct 2014 04:05pm EDT 

Forward Air Corp:Declares quarterly cash dividend of $0.12 per share of common stock.Payable to shareholders of record at the close of business on Nov. 21 and is expected to be paid on Dec. 8.  Full Article

Forward Air declares quarterly cash dividend
Tuesday, 22 Jul 2014 04:05pm EDT 

Forward Air Corp:Declares quarterly cash dividend of $0.12 per share of common stock.Dividend is payable to shareholders of record at the close of business on Aug. 21, 2014, and is expected to be paid on Sept. 5, 2014.  Full Article

Forward Air Corp gives Q3 2014 guidance in line with analysts' estimates
Tuesday, 22 Jul 2014 04:05pm EDT 

Forward Air Corp:Anticipates Q3 2014 revenues will increase in the range of 18 pct to 22 pct over the comparable 2013 period.Expects Q3 2014 income per diluted share to be between $0.57 and $0.61 per share.Reported revenue of $170.03 mln in Q3 2013.Q3 2014 revenue of $204.58 mln and EPS of $0.58 - Thomson Reuters I/B/E/S.  Full Article

Forward Air Corp declares quarterly cash dividend
Monday, 28 Apr 2014 02:31pm EDT 

Forward Air Corp:Declares a quarterly cash dividend of $0.12 per share.Payable to shareholders of record at the close of business on May 23 and is expected to be paid on June 6.  Full Article

Forward Air Corp gives Q2 2014 outlook in line with analysts' estimates - Conference Call
Tuesday, 22 Apr 2014 09:00am EDT 

Forward Air Corp:Expects Q2 2014 revenue growth to be in a range of 22- 27 pct.Expects Q2 2014 income per diluted share to be between $0.53 and $0.57 per share.Reported revenue of $159.80 mln in Q2 2013.Q2 2014 revenue of $197.69 mln, EPS of $0.55 - Thomson Reuters I/B/E/S.  Full Article

Forward Air Corp announces new two million share stock buyback authorization and increased quarterly cash dividend
Monday, 10 Feb 2014 04:05pm EST 

Forward Air Corp:Declares a quarterly cash dividend of $0.12 per share of common stock.Dividend is payable to shareholders of record at the close of business on Mar. 10, 2014, and is expected to be paid on Mar. 24, 2014.This represents a 20 pct increase in our dividend as compared to the prior year quarter.Approves a stock repurchase authorization for up to two million shares of the company's common stock. In connection with this action, the board cancelled the company's 2007 share repurchase authorization.Says amount and timing of any repurchases under the Company's new repurchase authorization will be at such prices as determined by management of the company.  Full Article

Forward Air Corp gives Q1 2014 revenue guidance above analysts' estimates; gives Q1 2014 EPS guidance below analysts' estimates
Monday, 10 Feb 2014 04:05pm EST 

Forward Air Corp:Anticipates Q1 2014 revenues will increase in the range of 19 pct to 23 pct over Q1 2013.Expects Q1 2014 income per diluted share to be between $0.36 and $0.40 per share.Reported revenue of $141.6 million in Q1 2013.Q1 2014 revenue of $163.9 million and EPS of $0. 41- Thomson Reuters I/B/E/S.  Full Article

Forward Air Corp closes Central States Trucking acquisition
Thursday, 6 Feb 2014 09:16am EST 

Forward Air Corp:Says its planned acquisition of all of the stock of Central States Trucking Co. and Central States Logistics, Inc. from Central States Inc. has formally closed.Says the aggregate purchase price of $95.6 mln.Says the transaction is being funded by Forward Air's cash reserves and is expected to be accretive to its 2014 earnings.  Full Article

Forward Air Corp to acquire Central States Trucking
Thursday, 23 Jan 2014 04:05pm EST 

Forward Air Corp:Says it has signed a definitive agreement to acquire all of the stock of Central States Trucking Company and Central States Logistics, Inc., (collectively referred to as CST in this release), from Central States Inc.Says CST provides container and intermodal drayage services primarily within the Midwest region of the United States.Says CST provides linehaul service within the airport-to-airport space, as well as, dedicated contract and Container Freight Station warehouse services.Says the purchase price will be $95.6 million, which is about eight times 2013 adjusted EBITDA.Says CST will be acquired on a cash-free, debt-free basis with an adjustment for working capital.Says the transaction will be funded by Forward Air`s cash reserves and is expected to be accretive to its 2014 earnings.Says it is anticipated that the transaction will close in the first quarter of 2014.  Full Article

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