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rewrite this title Forward Air Corporation (FWRD) Q1 2026 Earnings Call Transcript

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Q1: 2026-05-07 Earnings Summary

EPS of -$0.20 beats by $0.17

 | Revenue of $582.05M (-5.09% Y/Y) misses by $38.18M

Forward Air Corporation (FWRD) Q1 2026 Earnings Call May 7, 2026 4:30 PM EDT

Company Participants

Tony CarreñoShawn Stewart – President, CEO & DirectorJamie Pierson – Chief Financial Officer

Conference Call Participants

Andrew Baxter Cox – Stifel, Nicolaus & Company, Incorporated, Research DivisionStephanie Benjamin Moore – Jefferies LLC, Research DivisionScott Group – Wolfe Research, LLCHarrison Bauer – Susquehanna Financial Group, LLLP, Research DivisionChristopher Kuhn – The Benchmark Company, LLC, Research Division

Presentation

Operator

Welcome to Forward Air’s First Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Tony Carreño, Senior Vice President of Treasury and Investor Relations.

Tony Carreño

Thank you, operator, and good afternoon, everyone. Welcome to Forward Air’s first quarter earnings conference call. With us this afternoon are Shawn Stewart, President and Chief Executive Officer; and Jamie Pearson, Chief Financial Officer.

By now, you should have received the press release announcing Forward Air’s first quarter 2026 results, which was also furnished to the SEC on Form 8-K. We have also furnished a slide presentation outlining first quarter 2026 earnings highlights and a business update. Both the press release and a slide presentation for this call are accessible on the Investor Relations section of Forward Air’s website at forwardair.com. Please be aware that certain statements in the company’s earnings release announcement and on this conference call may be considered forward-looking statements. This includes statements which are based on expectations, intentions and projections regarding the company’s future performance, anticipated events or trends and other matters that are not historical facts, including statements regarding our fiscal year 2026.

These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or

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