FORWARD AIR CORPORATION (NASDAQ:FWRD) Files An 8-K Regulation FD Disclosure

FORWARD AIR CORPORATION (NASDAQ:FWRD) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.

As previously announced, today, June 25, 2019, Forward Air Corporation (the “Company”) will host an Investor Day presentation at 8:25 a.m. in New York City. Investors can access the live webcast and accompanying presentation at https://event.webcasts.com/starthere.jsp?ei=1247377&tp_key=d38ac8c9e3. A copy of the presentation is furnished herewith as Exhibit 99.1 and will also be available on the Investor Relations portion of the Company\’s website at www.forwardaircorp.com.
The Company is reaffirming its previously announced year-on-year revenue growth expectations of 4% to 8% for the second quarter ended June 30, 2019. In addition, as previously disclosed, the Company anticipates 2019 second quarter EPS to be approximately 15% below its previous EPS guidance range as a result of a $5.0 million reserve recorded in June 2019 for pending vehicular claims. The claims underlying this reserve are still developing and may further impact the Company’s results. The Company is responsible for the first $7.5 million per claim until it meets the $6.0 million aggregate deductible for claims between $3.0 million and $5.0 million and the $2.5 million aggregate deductible for claims between $5.0 million and $10.0 million.
In addition, below is a summary of preliminary key operating statistics for the Company’s Expedited LTL segment for the quarter-to-date periods ended June 19, 2019 and 2018, if available.
The Company also posted an investor presentation on the Investor Relations portion of the Company\’s website at www.forwardaircorp.com>for use at future industry conferences and shareholder meetings. A copy of the presentation is furnished herewith as Exhibit 99.2.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are being furnished as part of this Report.
The information in these Items 7.01 and 9.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
FORWARD AIR CORP Exhibit
EX-99.1 2 irdaypptfinal20190620a.htm EXHIBIT 99.1 6.25.19 irdaypptfinal20190620a Investor Relations Day June 25,…
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About FORWARD AIR CORPORATION (NASDAQ:FWRD)

Forward Air Corporation offers services, which are classified into three segments: Forward Air, Forward Air Solutions (FASI) and Total Quality (TQI). The Company, through its three segments, offers a range of logistic and other services, including expedited full truckload (TLX), pick-up and delivery (Forward Air Complete), pool distribution, temperature-controlled truckload, warehousing, customs brokerage and shipment consolidation and handling. The Forward Air segment provides time-definite transportation and related logistics services to the North American deferred air freight market. The FASI segment provides pool distribution services through a network of terminals and service locations in over 30 cities throughout the Mid-Atlantic, Southeast, Midwest and Southwest continental United States. The TQI segment provides security and temperature-controlled logistics services, primarily truckload services, to the pharmaceutical and other life science industries.

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