FWRD - Dividend announcements

Believes the Board Must Engage with Prospective Buyers Following a "Lost Decade" Defined by Overwhelmingly Negative TSR and Significant Underperformance Across 1-, 3-, 5- and 10-Year Periods Contends the Private Market is the Best Place for Forward Air to Fix Balance Sheet Issues, Improve Operations, and Serve Customers and Other Stakeholders Expects a Sale to Deliver Meaningful Premiums Relative to the Company's Current and Unaffected Share Prices, While Eliminating Further Risk for Long-Suffering Shareholders Ancora Holdings Group, LLC (collectively with its affiliates, "Ancora" or "we") today issued the below open letter to the Board of Directors (the "Board") of Forward Air Corpor

Forward Air Corporation (NASDAQ:FWRD) ("Forward," "we," "our," or "us") today announced the pricing of the previously announced private offering (the "Notes Offering") of $725 million of 9.50% senior secured notes due 2031 by GN Bondco, LLC (the "Escrow Issuer"), a Delaware limited liability company and wholly owned subsidiary of Omni Newco, LLC ("Omni"), which was downsized by $200 million from the previously announced offering size of $925 million in connection with a corresponding increase to the size of the new senior secured term loan facility that we expect to enter into upon consummation of the Merger (as defined below). The initial offering price to investors will be 98.0% of the pr

Forward Air Corporation (NASDAQ:FWRD) ("Forward," "we," "our," or "us") today announced that GN Bondco, LLC (the "Escrow Issuer"), a Delaware limited liability company and wholly owned subsidiary of Omni Newco, LLC ("Omni"), has commenced a private offering of $925 million of senior secured notes due 2031 (the "Notes"), subject to market and customary conditions. Forward intends to use the net proceeds of the offering of the Notes, together with the net proceeds from the initial borrowings under the New Senior Secured Credit Facilities (as defined below) and cash on hand, (a) to pay the cash consideration and any other amounts payable by it in connection with its previously announced comb

Publishes Investor Q&A and Supplemental Presentation Forward Air Corporation (NASDAQ:FWRD) ("Forward") today published Q&A and a supplementary investor presentation to provide additional information about the previously announced transaction with Omni Logistics ("Omni"). All related materials are available at ir.forwardaircorp.com. "The transformational combination with Omni is the natural next step in our Grow Forward strategy to expand our customer base and will deliver significant long-term value for Forward Air shareholders," said Tom Schmitt, Chairman, President and Chief Executive Officer of Forward. "This transaction will advance Forward's category leadership in the expedited LTL

Reports record first quarter revenue Guides for record second quarter net income per diluted share Forward Air Corporation (NASDAQ:FWRD) (the "Company," "we," "our," or "us") today reported financial results for the three months ended March 31, 2021 as presented in the tables below on a continuing operations basis (Pool Distribution is being reported as a discontinued operation). Tom Schmitt, Chairman, President and CEO, commenting on first quarter results from continuing operations said, "Our growth strategies drove our record first quarter revenue, which came in above the high end of our guidance range. Business momentum continued during the quarter and accelerated in March, when our L

GREENEVILLE, Tenn--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three and twelve months ended December 31, 2020 as presented in the tables below on a continuing operations basis (Pool Distribution is being reported as a discontinued operation). Tom Schmitt, Chairman, President and CEO, commenting on fourth quarter results from continuing operations said, “Our growth strategies drove our record fourth quarter revenue, which came in at the high end of our guidance range. Our business momentum improved during the quarter, and through November we were ahead of our internal forecasts. However, as