Forward Air Corporation provided select preliminary financial results for the first quarter ended March 31, 2025, on April 9, 2025. The company estimated its preliminary Consolidated EBITDA for the quarter to be between $54 million and $59 million.
Liquidity at the end of the first quarter 2025 was expected to increase by approximately $10 million to $392 million, compared to $382 million at the end of the fourth quarter 2024. This indicates a sequential improvement in the company's financial flexibility.
Additionally, Forward Air estimated that between 10% and 15% of its 2024 revenue would have been impacted by the tariffs announced on April 2, 2025. This provides an early assessment of the potential financial headwinds from the new trade policies.
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