Why Forward Air Stock Had Some Serious Lift Today
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Forward Air's stock surged nearly 32% following positive preliminary financial results and a business update. The company reported expected non-GAAP EBITDA of $54 million to $59 million for Q1 and an increase in liquidity to $392 million. Management indicated that only 10% to 15% of 2024 revenue would be affected by tariffs, a relatively mild impact. Full audited results will be released on May 7, which may further influence stock performance depending on tariff developments.
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