---
title: "Why Forward Air Stock Had Some Serious Lift Today"
description: "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 "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/235303273.md"
published_at: "2025-04-09T22:51:32.000Z"
---

# Why Forward Air Stock Had Some Serious Lift Today

> 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.

Next-generation logistics specialist **Forward Air** (FWRD 32.57%) delivered mightily for its investors Wednesday.

On the back of an encouraging set of preliminary financial results and a business update, investors pushed the company's share price nearly 32% higher. That was more than good enough to beat the **S&P 500** index's 9.5% rise.

## Sneak preview

The market liked what it heard from Forward Air regarding its financial performance. The company unveiled selected, preliminary first-quarter results indicating that its non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) figure will land at $54 million to $59 million.

It added that its "liquidity" (defined as cash, cash equivalents, and availability of funds from a senior secured term loan) is anticipated to have risen during the period. That metric is pegged at $392 million at the end of the quarter, which would be a $10 million improvement over the end-of-fourth quarter number.

Management also provided some comfort about tariffs, saying that according to its estimates 10% to 15% of its 2024 revenue would have come from countries initially hit with the Trump administration's tariffs. That figure feels mild compared to the impact other businesses and industries stood to endure.

## Hand on the throttle

We'll get a clearer picture of Forward's first quarter when the company unveils its audited results on Wednesday, May 7 after market close.

By that time, it's very possible that more tariff "pauses" will be declared, and/or mutually advantageous deals agreed to by this country and its trading partners. If that's the dynamic over the next few days and weeks, we can expect Forward stock to gain more altitude.

### Related Stocks

- [FWRD.US - Forward Air](https://longbridge.com/en/quote/FWRD.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Cetus Capital VI, L.P. 出售了 30,000 股 Forward Air 公司的股票 | Cetus Capital VI, L.P.，作為 FORWARD AIR CORP 的 10% 股東，於 2025 年 10 月 14 日以加權平均價格 21.42 美元出售了 30,000 股普通股，總計 642,600 美元。出售後， | [Link](https://longbridge.com/en/news/276192998.md) |
| 福沃運輸（NASDAQ:FWRD）的主要股東出售了 10,000 股股票 | Forward Air Corporation 的主要股東 Cetus Capital Vi, L.P. 以平均價格 22.38 美元出售了 10,000 股，總計 223,800 美元。這次出售使他們的持股比例減少了 0.32%，目前持有 | [Link](https://longbridge.com/en/news/276197345.md) |
| 福沃運輸公司發佈了 2025 年可持續發展報告，重點介紹其在環境、社會和治理（ESG）方面的舉措 | Forward Air Corporation 發佈了其 2025 年可持續發展報告，重點介紹了其 ESG 計劃。主要目標包括到 2030 年將 2021 年基準的範圍 1 和 2 温室氣體排放減少 42%，以及實現達拉斯總部 100% 使 | [Link](https://longbridge.com/en/news/271697681.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.