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Forward Air Corporation (FWRD) furnished an update announcing its financial results for the three months ended September 30, 2025. The company also posted an earnings presentation on its Investor Relations site at ir.forwardaircorp.com.
The materials were provided under Item 2.02 of Form 8‑K and are being furnished, not filed, under the Exchange Act. Exhibits include a press release (99.1) and Q3 2025 earnings and business update slides (99.2), with the cover page Inline XBRL file (104).
Forward Air Corporation announced a leadership change in its technology organization. Joseph M. Tomasello resigned as Chief Information Officer, effective October 13, 2025. On October 14, 2025, the company appointed Jason Ringgenberg as interim CIO, effective immediately.
Ringgenberg brings extensive transportation and IT leadership experience, having served as CIO of Yellow Corporation from 2017 to 2023 and CIO of YRC Freight from 2014 to 2017, following more than two decades at Accenture leading its Global Freight and Logistics Industry Program. The move signals a continuity plan for Forward Air’s IT operations during the transition.
Forward Air Corporation reported that director Michael B. Hodge resigned from its board of directors effective August 29, 2025. He had served on the Board’s Corporate Governance and Nominating Committee. The company states that his resignation reflects personal and professional considerations and does not arise from any disagreement over operations, policies, or practices.
In connection with his departure, Eve Omni Investor, LLC agreed to waive its director designation rights under a shareholders agreement dated January 25, 2024. The Board is also reducing its size from eight directors to seven directors following the resignation.
Forward Air Corporation reported operating revenue of $618.8 million for the quarter ended June 30, 2025, a 3.9% decline year-over-year driven by lower Expedited Freight volumes. Operating income from continuing operations was $19.5 million, a marked improvement from a $1,095.8 million loss in Q2 2024 largely because there was no goodwill impairment this quarter. Omni Logistics revenue rose 5.3% to $328.3 million.
Despite operating profitability, the company recorded a net loss of $20.4 million, or $(0.41) per share, reflecting $45.3 million of net interest expense and a tax benefit that affected the period. Total assets were $2.761 billion and shareholders' equity declined to $216.2 million from $285.9 million at year-end 2024; accumulated deficit widened to $(402.5) million. The company continues Omni integration activities and the Board has initiated a strategic review of alternatives.
Forward Air Corporation furnished a press release and an earnings presentation announcing its financial results for the three months ended June 30, 2025. The Form 8-K states the press release and presentation are being furnished under Item 2.02 and Item 9.01 and identifies Exhibit 99.1 as the press release, Exhibit 99.2 as the Q2 2025 presentation slides, and Exhibit 104 as the cover page interactive file.
No numeric financial figures are included in this Form 8-K; the detailed results and slides are contained in the furnished exhibits and are available on the company’s Investor Relations website.