Forward Air Corporation Changes Timing of Fourth Quarter 2023 Earnings Release to February 28

Forward Air Corporation (NASDAQ: FWRD) (“Forward” or “the Company”) today changed the date for the release of its fourth quarter 2023 earnings.

Forward plans to release its fourth quarter 2023 earnings after the market closes on Wednesday, February 28 and hold a conference call to discuss those results on the following day, Thursday, February 29 at 9:00 a.m. ET. The conference call will be available online on the Investor Relations portion of the Company’s website at ir.forwardaircorp.com, or by dialing [phone], Conference ID: FWRDQ423.

“Following the close of the Omni acquisition and the recent leadership changes at Forward, we are changing the date of our fourth quarter earnings release by a week,” said Michael Hance, Interim Chief Executive Officer of Forward. “We are pleased to provide a progress update on the repayment of the term B loans and the amendment to our credit agreement to revise our financial performance covenant, positioning Forward for future growth and success.”

Forward entered into an amendment to its credit agreement, which temporarily increases the maximum consolidated first lien net leverage ratio permitted by the credit agreement’s financial performance covenant. Additional details can be found in the Form 8-K filed with the Securities and Exchange Commission on February 15, 2024. Prior to the amendment, $80 million aggregate principal amount of term B loans outstanding under the credit agreement was repaid, together with all accrued and unpaid interest thereon.

About Forward Air

Forward Air is a leading asset-light provider of transportation services across the United States, Canada and Mexico. We provide expedited less-than-truckload services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals. In addition, we offer truckload brokerage services, including dedicated fleet services, and intermodal, first- and last-mile, high-value drayage services, both to and from seaports and railheads, dedicated contract and Container Freight Station warehouse and handling services. We are more than a transportation company. Forward is a single resource for your shipping needs. www.forwardaircorp.com.