Forward Air's Q1 Adjustment Improves Leverage Ratio

Reported 9 months ago

Forward Air recalculated its first-quarter results, revealing an increased adjusted earnings before interest, taxes, depreciation, and amortization to $324 million, resulting in a lower net debt leverage ratio of 5.1 times compared to the previously announced 5.5 times. The company's additional cost reductions and actions are expected to boost second-quarter EBITDA by $20 million, potentially influenced by recent headcount reductions and aiming to enhance profitability and synergies in the global supply chain and transportation services.

Source: YAHOO

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