Core Insights - TFI International Inc. reported solid performance in Q4 2024, generating over $260 million in net cash from operating activities and over $200 million in free cash flow, maintaining a full-year free cash flow of over $750 million for the third consecutive year [2][4][32] - The company reduced debt and executed targeted acquisitions, alongside a 13% increase in quarterly dividends, indicating a strong financial position and commitment to returning capital to shareholders [2][17] Financial Highlights - Total revenue for Q4 2024 was $2.08 billion, up from $1.97 billion in Q4 2023, with revenue before fuel surcharge at $1.83 billion compared to $1.67 billion in the prior year [3][4] - Adjusted EBITDA for Q4 2024 was $315.3 million, slightly down from $320.9 million in Q4 2023, while operating income decreased to $160.2 million from $198.3 million [3][5][10] - Net income for Q4 2024 was $88.1 million, down from $131.4 million in Q4 2023, with diluted EPS at $1.03 compared to $1.53 in the prior year [6][11] Segment Performance - The Truckload segment saw a 64% revenue increase, primarily due to the acquisition of Daseke, while the Less-Than-Truckload and Logistics segments experienced declines of 13% and 14%, respectively [8][12] - Operating income in the Truckload segment increased by 18%, while the Less-Than-Truckload and Logistics segments declined by 34% and 22%, respectively [8] Full-Year Results - Total revenue for 2024 was $8.40 billion, up from $7.52 billion in 2023, with revenue before fuel surcharge at $7.30 billion compared to $6.42 billion the previous year [9][11] - Full-year operating income totaled $719.0 million, down from $757.6 million in 2023, attributed to weaker market demand and reduced gains from asset sales [10][11] Cash Flow and Shareholder Returns - Net cash from operating activities for 2024 was $1.06 billion, compared to $1.01 billion in 2023, while free cash flow was $768.6 million, slightly down from $775.9 million [16][32] - The company returned $75.6 million to shareholders in Q4 2024, including $33.1 million in dividends and $42.4 million in share repurchases [17] Strategic Initiatives - TFI International plans to pursue re-domiciliation from Canada to the United States, reflecting its operational focus, with approximately 70% of its operations based in the U.S. [18]

Core Viewpoint - The market anticipates TFI International Inc. (TFII) will report a year-over-year decline in earnings despite an increase in revenues when it releases its results for the quarter ended December 2024 [1] Earnings Expectations - TFI International is expected to post quarterly earnings of $1.59 per share, reflecting a year-over-year decrease of 7% [3] - Revenues are projected to reach $2.23 billion, which is a 13.3% increase from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised down by 1.92% over the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for TFI International is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.61% [10][11] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a favorable Zacks Rank [8] - TFI International currently holds a Zacks Rank of 5, which complicates the prediction of an earnings beat despite the positive Earnings ESP [11] Historical Performance - In the last reported quarter, TFI International was expected to earn $1.79 per share but only achieved $1.60, resulting in a surprise of -10.61% [12] - Over the past four quarters, the company has exceeded consensus EPS estimates twice [13] Conclusion - While TFI International does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [16]

Group 1 - TFI International Inc. will release its financial results for Q4 2024 on February 19, 2025, after market close [1] - A webcast will be hosted by Alain Bédard, Chairman, President, and CEO, on February 20, 2025, at 8:30 AM Eastern Time to discuss the results [1][3] - TFI International operates in the transportation and logistics industry across the U.S., Canada, and Mexico, focusing on strategic acquisitions and efficiency [2] Group 2 - TFI International is publicly traded on the NYSE and TSX under the symbol TFII [2] - The company services various segments including Less-Than-Truckload, Truckload, and Logistics [4]

Group 1 - TFI International Inc. declared a quarterly dividend of US $0.45 per outstanding common share, payable on January 15, 2025, to shareholders of record at the close of business on December 31, 2024 [1] - The new quarterly dividend represents a 13% increase over the previous quarterly dividend of US $0.40 per outstanding common share [1] Group 2 - TFI International Inc. is a leader in the transportation and logistics industry in North America, operating in the United States, Canada, and Mexico [2] - The company focuses on strategic acquisitions and manages a growing network of wholly-owned operating subsidiaries to create value for shareholders [2] - TFI International services segments including Less-Than-Truckload, Truckload, and Logistics [2]

MONTREAL, Dec. 16, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TFI International Inc. (NYSE and TSX:TFII), a North American leader in the transportation and logistics industry, declared a quarterly dividend of US $0.45 per outstanding common share of its capital payable on January 15, 2025 to shareholders of record at the close of business on December 31, 2024. As previously announced on October 21, 2024, the new quarterly dividend of US $0.45 per outstanding common share represents a 13% increase ov ...

Financial Data and Key Metrics Changes - For Q3 2024, overall revenue before fuel surcharge increased by 17% year-over-year to $1.9 billion, driven by the acquisition of Daseke [5] - Operating income was $203 million, slightly up from $201 million in the prior year, resulting in an operating margin of 10.7%, down from 12.3% a year earlier [5] - Adjusted net income was $137 million, up from $136 million, with adjusted EPS increasing to $1.60 from $1.57 [5] - Free cash flow rose by 37% year-over-year to over $270 million, with cash from operating activities at $351 million, significantly higher than $279 million in the previous year [3][5] Business Line Data and Key Metrics Changes - LTL segment accounted for 40% of segmented revenue before fuel surcharge, with revenue up 7% year-over-year, but operating income down 24% due to higher gains last year [6][7] - U.S. LTL revenue before fuel surcharge was $531 million, down from $581 million, with operating income decreasing to $48 million from $68 million [7] - Canadian LTL revenue before fuel surcharge was $138 million, down 2%, while operating income rose slightly to $33 million [7] - Truckload segment represented 38% of segmented revenue before fuel surcharge at $723 million, up from $402 million, with operating income increasing to $72 million from $50 million [8] - Logistics segment, making up 22% of segmented revenue, saw revenue before fuel surcharge increase by 2% and operating income rise by 19% [10] Market Data and Key Metrics Changes - U.S. LTL experienced a 2% drop in tonnage, with a 3% increase in revenue per shipment excluding fuel [7] - The operating ratio for U.S. LTL was 92.2%, compared to 90.8% a year earlier, indicating increased operational costs [7] - Canadian LTL's operating ratio improved to 76.3% from 77.2% a year ago, reflecting better operational efficiency [7] Company Strategy and Development Direction - The company aims to improve operational performance and capitalize on long-term opportunities despite current market challenges [6] - Focus on enhancing service quality and cost efficiency, particularly in the U.S. LTL segment, is a priority [14][15] - Strategic M&A opportunities will be considered, with a commitment to maintaining a conservative balance sheet [3][11] - The company plans to invest $200 million to $300 million annually in tuck-in acquisitions [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenging market conditions, expecting 2024 performance to mirror that of 2023 [12][17] - The company is focused on improving service metrics and operational efficiency to enhance competitiveness [14][15] - Management expressed optimism about potential improvements in 2025, contingent on market recovery and internal operational enhancements [20][21] Other Important Information - The company reduced debt by $130 million during the quarter, improving the funded debt-to-EBITDA ratio to 2.07 from 2.15 [11] - A quarterly dividend of $0.40 per share was declared, with a subsequent 13% increase announced [12] - The company is implementing new financial management systems to improve billing accuracy and customer satisfaction [41] Q&A Session Summary Question: Earnings pressure in U.S. LTL - Management indicated that earnings pressure is influenced by both cyclical factors and evolving industry dynamics, emphasizing a focus on cost improvement and service enhancement [14][15] Question: 2024 EPS guidance - Management confirmed that 2024 EPS is expected to be flat compared to 2023 due to ongoing market conditions [17] Question: Consensus EPS for 2024 - Management noted that while consensus estimates are higher, they remain cautious given the freight recession and current market dynamics [19] Question: M&A deal sizes - Management indicated potential for $4 billion to $5 billion deals in the U.S. without issuing new stock, depending on market conditions [27] Question: U.S. LTL pricing environment - Management acknowledged pricing pressure but emphasized that their service proposals remain competitive [24][25] Question: Improvements in U.S. LTL service - Management outlined initiatives to enhance service quality, including reducing reliance on rail and improving pickup reliability [54][55] Question: P&C operations and revenue trends - Management reported improvements in P&C operations, attributing past challenges to management changes and competitive market conditions [48][50] Question: Sales team incentives - Management acknowledged the need to revise compensation structures to incentivize sales teams towards achieving better operational metrics [50][51]

TFI International Inc. (TFII) reported $2.18 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 14.3%. EPS of $1.60 for the same period compares to $1.57 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.28 billion, representing a surprise of -4.01%. The company delivered an EPS surprise of -10.61%, with the consensus EPS estimate being $1.79.While investors scrutinize revenue and earnings changes year-over-year and how they compar ...

TFI International Inc. (TFII) came out with quarterly earnings of $1.60 per share, missing the Zacks Consensus Estimate of $1.79 per share. This compares to earnings of $1.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.61%. A quarter ago, it was expected that this company would post earnings of $1.58 per share when it actually produced earnings of $1.71, delivering a surprise of 8.23%.Over the last four quarters, the c ...

Core Insights - TFI International Inc. (TFII) is expected to report quarterly earnings of $1.81 per share, reflecting a year-over-year increase of 15.3% and revenues of $2.29 billion, up 20% from the previous year [1] - Analysts have revised their consensus EPS estimate downward by 3.5% over the past 30 days, indicating a reappraisal of initial projections [1][2] Revenue and Earnings Estimates - Analysts predict 'Revenue before fuel surcharge' to be $1.94 billion, indicating an 18.7% year-over-year change [4] - The 'Fuel surcharge' is expected to reach $298.28 million, reflecting a 7.2% increase year-over-year [4] - The consensus estimate for 'Revenue- Logistics' stands at $478.58 million, suggesting a 15% year-over-year change [4] Segment Performance - 'Revenue- Less-Than-Truckload' is projected to be $864.99 million, indicating a 20.5% increase from the year-ago quarter [5] - The 'Adjusted Operating Ratio - Truckload' is expected to be 87.9%, slightly up from 87.7% reported in the same quarter last year [5] - The 'Adjusted Operating Ratio - Less-Than-Truckload' is projected at 87.2%, down from 88.1% in the same quarter last year [6] Tonnage and Operational Metrics - 'Canadian LTL - Tonnage' is expected to reach 664.46 KTons, up from 636 KTons a year ago [7] - 'U.S. LTL - Tonnage' is forecasted at 914.25 KTons, compared to 904 KTons reported in the same quarter last year [7] - 'Canadian LTL - Adjusted operating ratio' is estimated at 76.0%, down from 77.2% in the same quarter last year [8] Revenue per Hundredweight and Shipments - 'Canadian LTL - Revenue per hundredweight (excluding fuel)' is expected to be $11.38, compared to $11.07 a year ago [8] - 'Canadian LTL - Shipments' are projected at 617.76 thousand, up from 594 thousand in the previous year [9] Market Performance - TFI International shares have shown a return of -5.9% over the past month, contrasting with the Zacks S&P 500 composite's +3.5% change [9]

The market expects TFI International Inc. (TFII) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 21, 2024, might help the stock move higher if these ...