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Forward Air operating profit up 26% in 1Q2012

20-Apr-2012 3:22 PM

Forward Air revenue up 14% - financial highlights for three months ended 31-Mar-2012:

  • Total operating revenue: USD137.1 million, +14.0% year-on-year;
  • Total operating costs: USD120.3 million, +12.5%;
  • Operating profit: USD16.8 million, +26.4%;
  • Net profit: USD10.3 million, +30.6%;
  • Total assets: USD364.8 million, +6.9% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: USD69.4 million, +18.0% when compared to period ended 31-Dec-2011;
  • Total liabilities: USD60.0 million, +10.6% when compared to period ended 31-Dec-2011. [more – original PR]

Forward Air: "We anticipate that our second quarter 2012 revenues will increase in the range of 8% to 12% over the comparable 2011 period, and we expect income per diluted share to be between USD0.43 and USD0.47 per share. This compares to USD0.40 per share in the second quarter of 2011,” Rodney Bell, Senior Vice President and CFO. Source: Company statement, 19-Apr-2012.