2024-05-09 21:50:24 ET
Forward Air Corporation (FWRD)
Q1 2024 Results Conference Call
May 09, 2024 10:00 AM ET
Company Participants
Michael Hance - Interim CEO, Chief Legal Officer & Secretary
Rebecca Garbrick - CFO & Treasurer
Shawn Stewart - Incoming CEO
Conference Call Participants
Andrew Cox - Stifel
Bascome Majors - Susquehanna
Stephanie Moore - Jefferies
Christopher Kuhn - Benchmark
Tyler Brown - Raymond James
Presentation
Operator
At this time, all participants have been placed in a listen-only mode and the floor will be open for your questions following the presentation. [Operator Instructions]
I would now like to turn the call over to Michael Hance, Chief Legal Officer.
Michael Hance
Good morning, and thank you, operator, and thanks, everyone, for joining the call today. Before we jump in, I just wanted to take a moment to thank our teammates, customers and shareholders, many of whom are on the call today for the incredible support over the last several months as I served as Interim CEO. In particular, I want to acknowledge the employees and independent contractors and drivers who have been and continue to work tirelessly to provide best-in-class service to our customers and make this combination that we're working on the success.
I'm humbled by what you do, and I am so grateful for your hard work. Thank you. Last quarter, I told you that my mandate as interim CEO was to provide the appropriate leadership while our teams continue to work through the integration of Forward and Omni. At the same time, our Board's dedicated search committee was focused on promptly identifying a top-quality CEO to run the Company during the next phase of our growth and development. That work is done, and I personally couldn't be more pleased with the outcome.
I'm thrilled to introduce you to Shawn Stewart who began his tenure as CEO of Forward on April 28. The Board and our advisers conducted a thorough search and are confident Shawn is the right leader to drive Forward's future success. He knows this industry inside and out and has a demonstrated track record of successfully delivering growth, operational excellence and profitability. As an 18-year veteran a Forward who cares deeply about the Company's success, I'm personally committed to ensuring Shawn hits the ground running as I return to my role as Chief Legal Officer and Secretary. And I know all of our teammates share that same commitment.
I'll close by reiterating that we recognize these past few months have been bumpy as we navigated turbulence in the freight market and within our company. Our team is confident that is behind us, and we are all united and energized by the opportunities ahead.
With that, please allow me to turn it over to Shawn for his remarks before Rebecca runs us through the numbers. Shawn?...
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Forward Air Corporation (FWRD) Q1 2024 Earnings Call Transcript