Forward Air operating revenue up for Q4 2015

Forward Air Corporation (NASDAQ: FWRD) has reported results for the fourth quarter and year ended December 31, 2015.

Operating revenue for the quarter ended December 31, 2015 increased 19.8 percent to USD256.4 million from USD214.1 million for the same quarter in 2014.

Income from operations was USD29.0 million, compared with USD25.6 million for the fourth quarter of 2014, an increase of 13.3 percent. Net income per diluted share for the fourth quarter of 2015 was USD0.75 compared with USD0.55 in the same quarter of 2014.

Operating revenue for the year ended December 31, 2015 increased 22.8 percent to USD959.1 million from USD781.0 million for the year ended December 31, 2014. Income from operations was USD81.8 million, compared with USD96.4 million in 2014. Net income per diluted share for the year ended December 31, 2015 was USD1.78 compared with USD1.96 in 2014.

Revenues, income from operations and income per diluted share for the fourth quarter were company records. Also, revenue for the full year 2015 was a company record. As presented in the supplemental schedules within this press release, on an adjusted basis, this is the highest full year income from operations, net income and income per diluted share in the company´s history.

Forward Air Corporation operates three business segments: Forward Air, Forward Air Solutions and Total Quality.