From Setback To Strength: Forward Air's Bumpy Road To Recovery

  • Forward Air's Q1 2025 results show margin recovery, improved free cash flow, and strong liquidity, despite an adjusted EPS loss and stock price decline. The Omni Logistics acquisition has transformed Forward Air into a global logistics leader, driving revenue growth and operational synergies. Risks include high leverage, integration challenges, and activist pressure for a sale, but robust liquidity and operational improvements support a hold rating, so to Hold the stock.