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What: Forward Air Corp.
So what: EPS of $0.27 beat the consensus estimate of $0.23 and compares favorably with EPS of $0.12 in the year-ago quarter. Revenue grew 12.3% year-over-year.
Now what: Management said ongoing low inventory levels and tightening capacity have increased demand for its expedited time-definite transportation services and should provide substantial growth potential for the foreseeable future. They also indicated that Forward Air is working to further improve profitability by expanding margins. The company expects a current quarter EPS of $0.34 to $0.38, up nicely from $0.27 in the same quarter last year.
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