Financial Data and Key Metrics Changes - The company reported total revenue before fuel surcharge of $1.7 billion, up from $1.6 billion a year earlier, supported by the Daseke acquisition [5] - Operating income was $115 million with an operating margin of 6.7%, down from $152 million and a margin of 9.4% in the prior year [6] - Adjusted net income was $56 million, down from $93 million, with adjusted EPS of $0.76, down from $1.24 a year earlier [6] - Free cash flow was $192 million, up from $137 million, benefiting from favorable working capital and strong management of capital expenditures [7] - The funded debt-to-EBITDA ratio was 2.21% at the end of March [11] Business Segment Data and Key Metrics Changes - LTL segment revenue was $679 million, down 13% year-over-year, contributing 39% of segmented revenue [7] - Truckload segment revenue was $666 million, up from $398 million a year earlier, contributing 38% of segmented revenue [9] - Logistics segment revenue was $385 million, down from $442 million in the prior year, contributing 22% of segmented revenue [11] - LTL operating income was $47 million, down from $85 million, with an operating ratio of 93.1% compared to 89.2% in the prior year [8] - Truckload operating income was $49 million, up from $41 million, with an operating ratio of 93.7% compared to 89.6% a year earlier [9] - Logistics operating income was $31 million, down from $40 million, with an operating margin of 8.1% versus 9.1% [11] Market Data and Key Metrics Changes - The company noted a slowdown in freight volume across the industry due to economic uncertainty [4] - The industrial end markets faced tariff-related uncertainty, impacting performance [9] - The company observed a decline in miles in the industrial sector, down 10% to 15% in Q1, improving to high single-digit declines in April [45] Company Strategy and Development Direction - The company aims to maintain a strong balance sheet while strategically investing in organic growth and M&A opportunities [5] - There is a focus on improving operational efficiency and customer service, particularly in the US LTL market [22][106] - The company is shifting its focus back to small and medium-sized accounts, which had been lost in favor of larger corporate accounts [25][67] - The company plans to reduce capital expenditures from $300 million to approximately $200 million for the year [19] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the macroeconomic environment, making it difficult to predict full-year performance [17] - The company expects EPS in the range of $1.25 to $1.40 for Q2, based on current trends [12] - Management noted improvements in morale and operational focus within the team, which is expected to drive better performance [63][92] - The company anticipates a gradual improvement in operating ratios, aiming for a sub-90 OR in the future [26][62] Other Important Information - The company repurchased $56 million worth of shares during the quarter, returning $94 million of excess cash to shareholders [11] - The company closed two small M&A deals in Q2 but is cautious about pursuing larger acquisitions due to market uncertainties [53][56] Q&A Session Summary Question: Can you unpack the Q2 guidance? - Management provided a range of $1.25 to $1.40 for Q2 EPS, citing uncertainty in the macro environment [17] Question: What are the operational improvement plans? - Management discussed technology improvements and a focus on pricing strategies to enhance efficiency [32] Question: Are there shifts in customer buying patterns? - Management noted that customers are hesitant due to uncertainty, impacting order volumes [42] Question: What is the outlook for Daseke? - Management indicated that Daseke's OR was closer to 96% in Q1, with plans to improve operational efficiency [118] Question: How is the company addressing service quality? - Management emphasized the need to improve linehaul services and reduce missed pickups to enhance customer satisfaction [106] Question: What is the competitive landscape like? - Management acknowledged losing market share but is focused on improving service quality to regain it [95]

Financial Performance - TFI International Inc. reported $1.96 billion in revenue for the quarter ended March 2025, a year-over-year increase of 5% [1] - The EPS for the same period was $0.76, down from $1.24 a year ago, indicating a significant decline [1] - The reported revenue fell short of the Zacks Consensus Estimate of $2.07 billion, resulting in a surprise of -5.26% [1] - The company experienced an EPS surprise of -20.00%, with the consensus EPS estimate being $0.95 [1] Key Metrics - Adjusted Operating Ratio was reported at 93.7%, slightly above the estimated 93.5% [4] - Canadian LTL shipments were 537 thousand, below the estimated 584.91 thousand [4] - U.S. LTL shipments totaled 1.27 million, slightly below the estimate of 1.3 million [4] - Revenue before fuel surcharge was $1.71 billion, compared to the average estimate of $1.84 billion, representing a year-over-year change of +6.4% [4] - Fuel surcharge revenue was $249.89 million, slightly above the average estimate of $242.50 million, but down -3.6% year-over-year [4] - Revenue from Truckload was $757.77 million, significantly exceeding the estimate of $622.69 million, reflecting a +90.5% change year-over-year [4] - Revenue from Less-Than-Truckload was $815.74 million, surpassing the estimate of $729.55 million, with a +19.8% year-over-year increase [4] - Revenue from Logistics was $405.69 million, below the average estimate of $449.56 million, showing an -8.2% year-over-year decline [4] Stock Performance - TFI International's shares returned -6.1% over the past month, compared to the Zacks S&P 500 composite's -6.6% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [3]

This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this company would post earnings of $1.59 per share when it actually produced earnings of $1.19, delivering a surprise of -25.16%. TFI International Inc. (TFII) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the ...

MONTREAL, April 23, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of TFI International Inc. (NYSE and TSX:TFII), a North American leader in the transportation and logistics industry, held its Annual Meeting of shareholders earlier today. All candidates proposed as directors were duly elected to the Board of Directors of TFI International by a majority of the votes cast by shareholders represented by proxy at the Meeting, as follows: NAMEFORAGAINST Number%Number%Leslie Abi-Karam66,539,95698.371,099,7581.63 ...

MONTREAL, April 23, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, held its Annual Meeting of shareholders earlier today. All candidates proposed as directors were duly elected to the Board of Directors of TFI International by a majority of the votes cast by shareholders represented by proxy at the Meeting, as follows: NAMEFORAGAINST Number%Number%Leslie Abi-Karam66,539,95698.371,099,758<td ...

Core Insights - TFI International Inc. reported a total revenue of $1.96 billion for Q1 2025, a 5% increase from $1.87 billion in Q1 2024, driven by business acquisitions despite weaker market demand [3][4] - The company achieved a 40% year-over-year increase in free cash flow, totaling $191.7 million, reflecting a strong focus on cash generation [2][6] - Operating income decreased to $114.6 million from $151.6 million in the prior year, primarily due to reduced revenues from weaker market conditions [5][6] Financial Performance - Total revenue for Q1 2025 was $1,964.4 million compared to $1,870.8 million in Q1 2024 [3] - Revenue before fuel surcharge increased to $1,714.5 million from $1,611.5 million year-over-year [4] - Adjusted EBITDA for the quarter was $259.0 million, down from $268.4 million in the previous year [3][22] - Net income fell to $56.0 million from $92.8 million in Q1 2024, with diluted EPS decreasing to $0.66 from $1.09 [6][24] Segment Performance - The Truckload segment saw a revenue increase of 61% due to the acquisition of Daseke, while the Less-Than-Truckload and Logistics segments experienced declines of 14% and 13%, respectively [7] - Operating income for the Truckload segment rose by 18%, while the Less-Than-Truckload and Logistics segments saw declines of 45% and 22% [7][8] Cash Flow and Shareholder Returns - Net cash from operating activities was $193.6 million, down from $200.7 million in Q1 2024, attributed to increased interest payments and reduced net income [10] - The company returned $94.4 million to shareholders, including $38.2 million in dividends and $56.2 million in share repurchases, with a quarterly dividend increase of 13% [12] Business Acquisitions - Subsequent to the quarter, TFI International acquired Basin Transportation LLC and Veilleux Transit Inc., which will be included in the Truckload segment [13]

NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of TFI International Inc. (NYSE: TFII). Shareholders who purchased shares of TFII during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/tfi-international-inc-loss-submission-form/?id=144429&from=3 CLASS PERIOD: A ...

NEW YORK, April 22, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in TFI International Inc. ("TFI International Inc." or the "Company") (NYSE: TFII) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of TFI International Inc. investors who were adversely affected by alleged securities fraud between April 26, 2024 and February 19, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra ...

MONTREAL, April 16, 2025 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, reminds shareholders that it will hold an Annual Meeting on Wednesday, April 23, 2025 at 1:30 p.m. (eastern time) at the Company’s head office in St-Laurent, Québec, Canada. The meeting will be available by way of telephone conference call. The dial-in number for the meeting is 1-877-704-4453 or 1-201-389-0920. Shareholders are asked to participate i ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,00 In TFI To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in TFI between April 26, 2024 and February 19, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, April 13, 2025 (GLOBE NEWSWIRE ...