Forward Air is trading 15% up at $17.73 after its August 5 earnings report showed record $673 million quarterly revenue and $93 million consolidated EBITDA.
- Revenue expectations were beaten, while margins improved across segments.
- Investors appear focused on operating momentum, asset-sale progress, and retention of a major customer despite a $244 million non-cash Omni goodwill impairment and large GAAP loss.
- Shares gained 0.72% to $15.41 on August 5, with strong post-earnings activity continuing into August 6.