MONTREAL, Oct. 09, 2025 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it will release its financial results for the third quarter ended September 30, 2025 via news release on Thursday, October 30, 2025 after market close. The company will host a webcast with Alain Bédard, Chairman, President and Chief Executive Officer, and David Saperstein, Chief Financial Officer, on Friday, October 31, 2025 at 8: ...

Core Insights - TFI International Inc. reported a revenue of $2.04 billion for the quarter ended June 2025, reflecting a 10% decrease year-over-year, and an EPS of $1.34, down from $1.71 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $2.05 billion by 0.77%, while the EPS exceeded the consensus estimate of $1.24 by 8.06% [1] Financial Performance Metrics - Adjusted Operating Ratio for Truckload was reported at 90.1%, better than the average estimate of 91% from three analysts [4] - Adjusted Operating Ratio for Less-Than-Truckload was 89.5%, compared to the average estimate of 91.6% [4] - Overall Adjusted Operating Ratio stood at 90.5%, against an average estimate of 91.1% [4] - Canadian LTL Tonnage was reported at 593.00 KTons, below the average estimate of 612.68 KTons [4] - U.S. LTL Tonnage was 842.00 KTons, slightly above the average estimate of 841.42 KTons [4] Revenue Breakdown - Revenue before fuel surcharge was $1.79 billion, matching the four-analyst average estimate, but representing an 8.5% year-over-year decline [4] - Fuel surcharge revenue was $243.62 million, below the average estimate of $263.28 million, marking a 19.7% decrease year-over-year [4] - Revenue from Logistics was $393.11 million, compared to the average estimate of $418.03 million, reflecting an 11.1% year-over-year decline [4] - Revenue from Less-Than-Truckload was $703.7 million, below the average estimate of $776.06 million, indicating an 11.4% year-over-year decrease [4] - Revenue from Truckload was $712.28 million, exceeding the average estimate of $665.74 million, but still showing a 3.4% decline year-over-year [4] Stock Performance - TFI International's shares returned +3.6% over the past month, while the Zacks S&P 500 composite increased by +4.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

TFI International, which belongs to the Zacks Transportation - Services industry, posted revenues of $2.04 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 0.77%. This compares to year-ago revenues of $2.26 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's com ...

Financial Data and Key Metrics Changes - The company reported total revenue before fuel surcharge of $1.8 billion for the second quarter, down from $2 billion a year earlier, reflecting a decrease of 10% [6] - Operating income was $170 million, representing a 9.5% margin, which is a slight improvement from 8.5% in the prior year [7] - Adjusted net income decreased to $112 million from $146 million year-over-year, with adjusted EPS at $1.34 compared to $1.71 previously [7][8] - Free cash flow was reported at $182 million, up 20% from $151 million in the second quarter of 2024, attributed to favorable working capital dynamics and lower CapEx [8][11] Business Segment Data and Key Metrics Changes - LTL segment revenue was $704 million, down 11% year-over-year, with operating income of $74 million compared to $110 million previously [8][9] - Truckload segment revenue was $712 million, down from $738 million a year earlier, with operating income of $71 million compared to $81 million [9][10] - Logistics segment revenue was $393 million, down from $442 million the prior year, with operating income of $38 million, representing a 9.6% operating margin [10][11] Market Data and Key Metrics Changes - The company noted a decline in trade volumes between the U.S. and Canada, particularly affecting the LTL segment, which is the most profitable for the company [22][23] - Industrial end market demand remains uncertain due to tariff-related issues, impacting the truckload segment [10][24] Company Strategy and Development Direction - The company is focused on maintaining strong free cash flow and returning capital to shareholders through share repurchases and dividends [5][6] - There is an emphasis on improving operational efficiencies and cost control, particularly through technology implementations like Optum [14][16] - The management is optimistic about potential improvements in the industrial freight market due to new U.S. government investment plans [38][40] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about a potential recovery in the industrial sector, with expectations for improvement in late 2025 or early 2026 [40][41] - The company is currently guiding for an EPS range of $1.10 to $1.25 for the third quarter, assuming no significant changes in the operating environment [12][30] Other Important Information - The company repurchased $85 million worth of shares during the quarter and paid out $39 million in dividends, totaling $124 million returned to shareholders [11] - The funded debt to EBITDA ratio was reported at 2.4 times, indicating a strong balance sheet [11] Q&A Session Summary Question: Margin ceiling on LTL side - Management discussed the improvements made in margins despite difficult market conditions, highlighting the implementation of technology tools like Optum [14][15] Question: Impact of tariff environment on customers - Management noted a decline in LTL volumes due to reduced trade between the U.S. and Canada, with expectations for recovery once tariffs are settled [22][23] Question: Q3 guidance and margin assumptions - Management explained that the Q3 guidance reflects normal seasonal declines, with expectations for continued margin improvements [30][31] Question: Confidence in macro environment recovery - Management expressed optimism about potential recovery in the industrial freight market due to new government investment plans [38][40] Question: U.S. LTL pricing and service improvements - Management highlighted ongoing efforts to improve service quality and billing accuracy, which are expected to positively impact pricing in the future [51][52] Question: Sustainability of free cash flow - Management affirmed the sustainability of free cash flow levels, with potential for increases as the macro environment improves [106][113]

Financial Data and Key Metrics Changes - The company reported total revenue before fuel surcharge of $1.8 billion, down from $2 billion a year earlier, reflecting a decrease of 10% [5] - Operating income was $170 million, representing a 9.5% margin, which is a slight increase from 8.5% in the prior year [6] - Adjusted net income decreased to $112 million from $146 million year-over-year, with adjusted EPS dropping from $1.71 to $1.34 [6] - Free cash flow was reported at $182 million, up 20% from $151 million in the second quarter of 2024 [6] Business Segment Data and Key Metrics Changes - LTL segment revenue was $704 million, down 11% year-over-year, with operating income of $74 million compared to $110 million previously [6][7] - Truckload segment revenue was $712 million, down from $738 million, with operating income decreasing from $81 million to $71 million [7] - Logistics segment revenue was $393 million, down from $442 million, with operating income of $38 million compared to $51 million in the prior year [9][10] Market Data and Key Metrics Changes - The LTL operating ratio was 89.5, compared to 86.2 in the second quarter of 2024, indicating a decline in efficiency [7] - Truckload operating ratio was reported at 90.1, slightly worse than 89.0 in the prior year [7] - The company noted a significant impact from tariff-related uncertainty affecting industrial end market demand, particularly in the U.S. [8][24] Company Strategy and Development Direction - The company emphasized a focus on improving operational efficiencies and cost control, particularly through technology implementations like Optum [14][18] - There is a strategic shift towards enhancing the sales force for small to mid-sized businesses, which has shown positive results in recent quarters [52][57] - The management indicated a commitment to share repurchases and maintaining a strong balance sheet, with $124 million returned to shareholders in the quarter [10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the macroeconomic environment, anticipating potential improvements in industrial freight due to new government investments [38][40] - The company expects EPS in the range of $1.10 to $1.25 for the third quarter, assuming no significant changes in the operating environment [11] - Management acknowledged that while service improvements are underway, it will take time to translate these into better pricing and yields [75][78] Other Important Information - The company has been actively repurchasing shares, with over 85 million worth repurchased during the quarter [10] - The funded debt to EBITDA ratio was reported at 2.4 times, indicating a strong balance sheet position [10] Q&A Session Summary Question: What is the margin ceiling achievable with further internal actions on the LTL side? - Management indicated that improvements in cost control and technology implementation could enhance margins, with a focus on reducing line haul miles outsourced to rail [12][14] Question: How are customers discussing the tariff environment? - Management noted that trade between the U.S. and Canada is down, impacting the LTL segment, but expects recovery once tariff issues are resolved [22][24] Question: Can you provide more color on Q3 guidance? - The guidance reflects historical seasonality, with expectations of normal sequential declines in margins across divisions [30] Question: What are the expectations for the industrial freight market? - Management expressed hope for recovery in the industrial sector due to new government investment plans, although concrete improvements have yet to be seen [40][42] Question: What is the outlook for M&A activity? - The focus for 2025 will be on share repurchases rather than acquisitions, with potential for larger transactions in 2026 [44][46] Question: What steps are being taken to improve service in the LTL business? - Management highlighted improvements in billing accuracy, cargo claims handling, and staffing to reduce missed pickups and enhance on-time delivery [119]

Core Insights - TFI International Inc. reported strong margin performance across all business segments, resulting in solid free cash flow despite subdued market conditions [2][4][5] - The company emphasized its focus on quality of revenue and operational efficiencies, positioning itself to capitalize on future demand while making strategic investments for long-term profitability [2][4] - TFI International returned significant capital to shareholders through dividends and share repurchases, reflecting its commitment to long-term shareholder value [2][15] Financial Highlights - Total revenue for Q2 2025 was $2.04 billion, down 10% from $2.26 billion in Q2 2024; revenue before fuel surcharge was $1.79 billion, a decrease of 9% from $1.96 billion [3][4] - Adjusted EBITDA for Q2 2025 was $326.6 million, down 14% from $380.1 million in Q2 2024; operating income decreased to $170.2 million from $206.0 million [3][5][9] - Net income for Q2 2025 was $98.2 million, compared to $115.7 million in Q2 2024, with diluted EPS of $1.17 down from $1.36 [5][9] Segment Performance - Revenue before fuel surcharge decreased by 13% for Less-Than-Truckload, 6% for Truckload, and 12% for the Logistics segment compared to Q2 2024 [6][10] - Operating income decreased by 33% for Less-Than-Truckload, 13% for Truckload, and 25% for the Logistics segment in Q2 2025 [6][10] Cash Flow and Shareholder Returns - Net cash from operating activities was $246.7 million in Q2 2025, slightly down from $248.5 million in Q2 2024; free cash flow increased by 20% to $182.3 million from $151.4 million [5][29] - The company returned $123.7 million to shareholders in Q2 2025, including $38.8 million in dividends and $84.9 million in share repurchases, with a quarterly dividend of $0.45 per share, a 13% increase from the previous year [15][29] Six-Month Results - Total revenue for the first half of 2025 was $4.00 billion, down from $4.14 billion in the prior year; revenue before fuel surcharge decreased to $3.51 billion from $3.57 billion [7][9] - Operating income for the first half of 2025 was $284.8 million, down from $357.6 million in the prior year, attributed to lower volumes and a prior-year restructuring charge [8][9]

Core Viewpoint - TFI International Inc. (TFII) is expected to report a significant decline in quarterly earnings and revenues, with analysts forecasting earnings of $1.25 per share, a year-over-year decrease of 26.9%, and revenues of $2.06 billion, down 9.1% from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 3.6% lower over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts expect 'Revenue before fuel surcharge' to be $1.79 billion, reflecting an 8.7% year-over-year decline [5]. - The 'Fuel surcharge' is anticipated to reach $263.28 million, indicating a decrease of 13.2% from the prior-year quarter [5]. - 'Revenue- Logistics' is projected at $418.03 million, down 5.5% year-over-year [5]. - 'Revenue- Less-Than-Truckload' is forecasted to be $776.06 million, showing a decline of 2.3% compared to the previous year [6]. Operating Ratios - The estimated 'Adjusted Operating Ratio - Truckload' is expected to be 91.0%, up from 88.7% in the same quarter last year [6]. - For 'Adjusted Operating Ratio - Less-Than-Truckload', the estimate is 91.6%, compared to 86.2% in the same quarter of the previous year [6]. - The collective assessment suggests an overall 'Adjusted Operating Ratio' of 91.1%, compared to 89.4% a year ago [7]. Canadian LTL Metrics - The 'Canadian LTL - Adjusted operating ratio' is projected at 75.0%, slightly down from 75.6% year-over-year [8]. - Analysts predict 'Canadian LTL - Revenue per hundredweight (excluding fuel)' to remain at $11.16, unchanged from the same quarter last year [8]. - 'Canadian LTL - Shipments' are expected to reach 575.12 thousand, down from 632.00 thousand in the previous year [9]. Stock Performance - TFI International shares have shown a return of -0.5% over the past month, contrasting with the Zacks S&P 500 composite's +5.9% change, indicating underperformance relative to the market [10].

Core Viewpoint - TFI International Inc. (TFII) is anticipated to report a year-over-year decline in earnings and revenues for the quarter ended June 2025, which could significantly influence its stock price depending on the actual results compared to estimates [1][3]. Earnings Expectations - The consensus estimate for TFI International's quarterly earnings is $1.25 per share, reflecting a year-over-year decrease of 26.9% [3]. - Expected revenues for the quarter are $2.06 billion, down 9.1% from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 3.56%, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4]. - The Most Accurate Estimate for TFI International is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.16% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [9][10]. - TFI International currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat [12]. Historical Performance - In the last reported quarter, TFI International was expected to post earnings of $0.95 per share but only achieved $0.76, resulting in a surprise of -20.00% [13]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [14]. Conclusion - TFI International does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of its earnings release [17].

Core Points - TFI International Inc. will release its financial results for Q2 2025 on July 28, 2025, after market close [1] - A webcast will be hosted by the Chairman, President, and CEO Alain Bédard, along with CFO David Saperstein, to discuss the results on the same day at 5:00 PM Eastern Time [1][3] Company Overview - TFI International Inc. is a leader in the North American transportation and logistics industry, operating in the U.S., Canada, and Mexico through its subsidiaries [2] - The company focuses on creating shareholder value through strategic acquisitions and managing a growing network of wholly-owned subsidiaries [2] - TFI International provides financial and operational resources to its companies, enhancing their efficiency and business growth [2] Service Segments - TFI International operates in various segments including Less-Than-Truckload, Truckload, and Logistics [4]

Investment Rating - The report does not explicitly state an investment rating for the transportation and logistics industry Core Insights - The report highlights a positive trend in U.S. imports, with a 6.1% week-over-week increase as of May 18, outperforming seasonal expectations by 980 basis points and showing a 2.8% year-over-year increase [2] - Spot rates for truckload transportation have surged, with dry van rates increasing by 6.1% week-over-week, outperforming historical averages [3] - There are concerns regarding potential freight demand impacts due to tariffs, with expectations of a flat outlook for dry van spot rates in 2026 [6] Summary by Sections Import & Congestion Monitor - Container bookings from China to the U.S. are at five-year lows, down 27% compared to 2023, indicating subdued future demand [2] - The report notes a recovery in container imports at the Port of LA/LB, which increased by 24% week-over-week [2] Truckload and Rail Data - Spot rates for dry van, reefers, and flatbed have all increased week-over-week, with dry van rates now 4% higher year-over-year [3] - The dry van load-to-truck ratio increased by 57% week-over-week, indicating a tightening market [6] - Rail management teams express skepticism about the feasibility of transcontinental mergers due to regulatory barriers [7] Airfreight & Surface Transportation - Airfreight rates have been monitored closely due to tariff implications, with significant declines observed in key freight lanes, particularly the China-U.S. lane, which fell by 6% week-over-week [10] - The overall airfreight market is experiencing broad-based weakness, with all major lanes underperforming seasonal expectations year-to-date [10] Rail Performance - The report card for railroads indicates varying performance levels, with some railroads rated as excellent while others are fair or poor [9] - Regulatory challenges are highlighted as a significant barrier to potential mergers in the rail industry, with environmental impact studies being particularly burdensome [7]