Forward Air Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2024

The following is a summary of the quarterly results of operations for the years ended December 31, 2024 and 2023:


	2024
	March 31		June 30		September 30		December 31
Operating revenue	$	541,813	$	643,666	$	655,937	$	632,846
Net income (loss) from continuing operations	$	(88,794)	$	(966,471)	$	(34,198)	$	(35,378)
Income from discontinued operations, net of tax	—		(4,876)		(1,137)		(374)
Net (loss) income attributable to noncontrolling interest	$	(27,082)	$	(325,914)	$	38,073	$	664
Net (loss) income attributable to Forward Air	$	(61,712)	$	(645,433)	$	(73,408)	$	(36,416)

Basic net income (loss) per share:
Continuing operations	$	(2.81)	$	(23.29)	$	(2.62)	$	(1.23)
Discontinued operations	—		(0.18)		(0.04)		(0.01)
Net income per share1	$	(2.81)	$	(23.47)	$	(2.66)	$	(1.24)

Diluted net income (loss) per share:
Continuing operations	$	(2.81)	$	(23.29)	$	(2.62)	$	(1.23)
Discontinued operations	—		(0.18)		(0.04)		(0.01)
Net income per share1	$	(2.81)	$	(23.47)	$	(2.66)	$	(1.24)