Attached files
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EX-99.1 - EXHIBIT 99.1 - FORWARD AIR CORP | exhibit991q12016pressrelea.htm |
EX-99.2 - EXHIBIT 99.2 - FORWARD AIR CORP | exhibit992q12016fahistoric.htm |
8-K - FORM 8-K Q1 2016 EARNINGS - FORWARD AIR CORP | form8-kq12016earningsrelea.htm |
Forward Air Corporation
Summary Segment Results of Operations
(In thousands)
(Unaudited)
Three months ended March 31, 2015 | |||||||||||||||||||||||
Expedited LTL | Truckload Expedited | Pool Distribution | Intermodal | Eliminations and other operations | Consolidated | ||||||||||||||||||
Revenue | $ | 122,284 | $ | 34,483 | $ | 27,228 | $ | 23,029 | $ | (1,106 | ) | $ | 205,918 | ||||||||||
Purchased Transportation | 52,937 | 22,625 | 7,473 | 7,064 | (762 | ) | 89,337 | ||||||||||||||||
Salaries, wages, and employee benefits | 28,332 | 4,229 | 9,983 | 5,885 | 5,474 | 53,903 | |||||||||||||||||
Operating leases | 7,640 | 326 | 2,187 | 2,553 | 3,050 | 15,756 | |||||||||||||||||
Depreciation and amortization | 4,576 | 1,372 | 1,539 | 969 | 228 | 8,684 | |||||||||||||||||
Insurance and claims | 2,924 | 553 | 881 | 588 | 184 | 5,130 | |||||||||||||||||
Fuel expense | 935 | 895 | 1,286 | 901 | 3 | 4,020 | |||||||||||||||||
Other operating expenses | 10,055 | 1,272 | 3,663 | 3,080 | 2,769 | 20,839 | |||||||||||||||||
Total operating expenses | 107,399 | 31,272 | 27,012 | 21,040 | 10,946 | 197,669 | |||||||||||||||||
Income from operations | $ | 14,885 | $ | 3,211 | $ | 216 | $ | 1,989 | $ | (12,052 | ) | $ | 8,249 |
Forward Air Corporation
Summary Segment Results of Operations
(In thousands)
(Unaudited)
Three months ended June 30, 2015 | |||||||||||||||||||||||
Expedited LTL | Truckload Expedited | Pool Distribution | Intermodal | Eliminations and other operations | Consolidated | ||||||||||||||||||
Revenue | $ | 156,062 | $ | 39,427 | $ | 27,697 | $ | 27,497 | $ | (989 | ) | $ | 249,694 | ||||||||||
Purchased Transportation | 66,238 | 25,333 | 7,564 | 8,968 | (621 | ) | 107,482 | ||||||||||||||||
Salaries, wages, and employee benefits | 37,366 | 4,527 | 10,490 | 6,138 | 3,365 | 61,886 | |||||||||||||||||
Operating leases | 10,397 | 383 | 2,249 | 2,925 | 2,323 | 18,277 | |||||||||||||||||
Depreciation and amortization | 5,412 | 1,480 | 1,475 | 950 | 202 | 9,519 | |||||||||||||||||
Insurance and claims | 2,996 | 938 | 963 | 683 | 660 | 6,240 | |||||||||||||||||
Fuel expense | 1,135 | 895 | 1,284 | 869 | 5 | 4,188 | |||||||||||||||||
Other operating expenses | 11,722 | 1,730 | 3,685 | 3,646 | 1,411 | 22,194 | |||||||||||||||||
Total operating expenses | 135,266 | 35,286 | 27,710 | 24,179 | 7,345 | 229,786 | |||||||||||||||||
Income from operations | $ | 20,796 | $ | 4,141 | $ | (13 | ) | $ | 3,318 | $ | (8,334 | ) | $ | 19,908 |
Forward Air Corporation
Summary Segment Results of Operations
(In thousands)
(Unaudited)
Three months ended September 30, 2015 | |||||||||||||||||||||||
Expedited LTL | Truckload Expedited | Pool Distribution | Intermodal | Eliminations and other operations | Consolidated | ||||||||||||||||||
Revenue | $ | 149,114 | $ | 38,515 | $ | 32,126 | $ | 28,889 | $ | (1,551 | ) | $ | 247,093 | ||||||||||
Purchased Transportation | 61,727 | 25,542 | 8,784 | 9,414 | (1,033 | ) | 104,434 | ||||||||||||||||
Salaries, wages, and employee benefits | 34,260 | 4,501 | 12,077 | 6,151 | 2,036 | 59,025 | |||||||||||||||||
Operating leases | 9,828 | 419 | 2,658 | 3,328 | 839 | 17,072 | |||||||||||||||||
Depreciation and amortization | 5,283 | 1,561 | 1,445 | 943 | 167 | 9,399 | |||||||||||||||||
Insurance and claims | 2,715 | 807 | 887 | 686 | 66 | 5,161 | |||||||||||||||||
Fuel expense | 1,001 | 783 | 1,314 | 727 | 1 | 3,826 | |||||||||||||||||
Other operating expenses | 12,706 | 1,732 | 4,406 | 4,104 | 627 | 23,575 | |||||||||||||||||
Total operating expenses | 127,520 | 35,345 | 31,571 | 25,353 | 2,703 | 222,492 | |||||||||||||||||
Income from operations | $ | 21,594 | $ | 3,170 | $ | 555 | $ | 3,536 | $ | (4,254 | ) | $ | 24,601 |
Forward Air Corporation
Summary Segment Results of Operations
(In thousands)
(Unaudited)
Three months ended December 31, 2015 | |||||||||||||||||||||||
Expedited LTL | Truckload Expedited | Pool Distribution | Intermodal | Eliminations and other operations | Consolidated | ||||||||||||||||||
Revenue | $ | 149,731 | $ | 40,936 | $ | 42,953 | $ | 24,881 | $ | (2,081 | ) | $ | 256,420 | ||||||||||
Purchased Transportation | 61,908 | 27,570 | 11,213 | 8,314 | (1,489 | ) | 107,516 | ||||||||||||||||
Salaries, wages, and employee benefits | 37,568 | 5,222 | 15,778 | 6,059 | 1,162 | 65,789 | |||||||||||||||||
Operating leases | 8,410 | 197 | 3,463 | 3,030 | 67 | 15,167 | |||||||||||||||||
Depreciation and amortization | 5,407 | 1,671 | 1,476 | 923 | 79 | 9,556 | |||||||||||||||||
Insurance and claims | 2,467 | 726 | 1,083 | 621 | 54 | 4,951 | |||||||||||||||||
Fuel expense | 880 | 774 | 1,532 | 682 | 1 | 3,869 | |||||||||||||||||
Other operating expenses | 11,511 | 2,009 | 5,007 | 2,146 | (116 | ) | 20,557 | ||||||||||||||||
Total operating expenses | 128,151 | 38,169 | 39,552 | 21,775 | (242 | ) | 227,405 | ||||||||||||||||
Income from operations | $ | 21,580 | $ | 2,767 | $ | 3,401 | $ | 3,106 | $ | (1,839 | ) | $ | 29,015 |