Forward Air (FWRD) Reports In-Line Q1 EPS
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Forward Air Corporation Reports First Quarter 2016 Results
April 21, 2016 4:05 PM EDTGREENEVILLE, Tenn.--(BUSINESS WIRE)-- Forward Air Corporation (NASDAQ: FWRD) today reported operating revenue, income from operations, net income and diluted earnings per share for the three months ended March 31, 2016.
Operating revenue for the quarter ended March 31, 2016 increased 11.5% to $229.5 million from $205.9 million for the same quarter in 2015. Income from operations was $21.4 million, compared to $8.2 million in the prior-year quarter. Net income during the period was $13.1 million compared to $4.8 million in the first quarter of 2015. Net income per diluted share for the first quarter of 2016 was $0.43 compared to $0.16 in the prior-year quarter.
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