TFI International Inc. (NYSE:TFII) Q3 2022 Earnings Conference Call October 28, 2022 8:30 AM ET Company Participants Alain Bedard - Chairman and President and Chief Executive Officer Conference Call Participants Jordan Alliger - Goldman Sachs Ravi Shanker - Morgan Stanley Brian Ossenbeck - JPMorgan Konark Gupta - Scotiabank Tom Wadewitz - UBS Jack Atkins - Stephens Scott Group - Wolfe Research Walter Spracklin - RBC Capital Markets Jason Seidl - Cowen Ken Hoexter - Bank of America Bascome Majors - Susquehan ...

TFI International, Inc. (NYSE:TFII) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET Company Participants Alain Bedard - President, CEO & Chairman Conference Call Participants Ravi Shanker - Morgan Stanley Ken Hoexter - Bank of America Jordan Alliger - Goldman Sachs Brian Ossenbeck - JPMorgan Tom Wadewitz - UBS Kevin Chiang - CIBC Walter Spracklin - RBC Capital Markets Jason Seidl - Cowen Benoit Porier - Desjardins Capital Markets Bascome Majors - Susquehanna Cameron Doerksen - National Bank Financ ...

TFI International, Inc. (NYSE:TFII) Q1 2022 Earnings Conference Call April 29, 2022 8:30 AM ET Company Participants Alain Bedard - President, CEO & Chairman Conference Call Participants Ravi Shanker - Morgan Stanley Jordan Alliger - Goldman Sachs Group Konark Gupta - Scotiabank Brian Ossenbeck - JPMorgan Chase & Co. Benoit Poirier - Desjardins Securities Kevin Chiang - CIBC Thomas Wadewitz - UBS Cameron Doerksen - National Bank Financial Scott Group - Wolfe Research Kenneth Hoexter - Bank of America Merrill ...

TFI International Inc. (NYSE:TFII) Q4 2021 Earnings Conference Call February 8, 2022 8:30 AM ET Company Participants Alain Bedard - Chairman, President & Chief Executive Officer Conference Call Participants Scott Group - Wolfe Research Tom Wadewitz - UBS Ravi Shanker - Morgan Stanley Konark Gupta - Scotiabank Jordan Alliger - Goldman Sachs Jack Atkins - Stephens Inc. Ken Hoexter - Bank of America Walter Spracklin - RBC Capital Markets Kevin Chiang - CIBC Brian Ossenbeck - JPMorgan Cameron Doerksen - Nationa ...

Financial Performance - Total revenue for Q4 2021 was $2.14 billion, up 91% year-over-year, while revenue before fuel surcharge was $1.89 billion, an increase of 80%[7] - Operating income for Q4 2021 grew 84% to $215.0 million from $117.1 million in Q4 2020, driven by acquisitions and cost efficiencies[6] - Full-year 2021 total revenue reached $7.22 billion, a significant increase of 91% compared to $3.78 billion in 2020[10] - Net income for Q4 2021 was $144.1 million, a 67% increase from $86.3 million in the prior year, resulting in diluted EPS of $1.52, up from $0.91[8] - Adjusted EBITDA for the full year 2021 was $1.08 billion, up 54% from $699.6 million in 2020[4] - Operating income for the full year 2021 was $889.2 million, representing 14% of revenue before fuel surcharge, up from 12% in the prior year[11] - Net income for the year attributable to owners of the Company was $664,361, up from $275,675 in 2020, representing a 141% increase[33] - Basic earnings per share increased to $7.14 in 2021 from $3.09 in 2020, reflecting a 131% growth[33] - Adjusted net income for Q4 2021 was $148.62 million, up 59.5% from $93.36 million in Q4 2020[51] - Adjusted EPS for Q4 2021 was $1.60 (basic) and $1.57 (diluted), compared to $1.00 and $0.98 in Q4 2020, representing increases of 60% and 60.2% respectively[51][52] Shareholder Returns - The Company returned $283.5 million to shareholders in 2021, including $85.4 million in dividends and $198.2 million in share repurchases[17] - The Company declared a quarterly dividend of $0.27 per share, representing a 17% increase from the previous year's dividend of $0.23[18] Cash Flow and Capital Expenditures - Net cash from operating activities for 2021 was $855.4 million, a 40% increase from $610.9 million in 2020[17] - Cash generated from operating activities before interest and taxes was $1,109,614 thousand, compared to $737,523 thousand in 2020, an increase of 50.5%[37] - Free cash flow for the year ended December 31, 2021, was $700,889,000, up from $544,644,000 in 2020, indicating an increase of 28.7%[66] - Net capital expenditures for the year ended December 31, 2021, totaled $136,782,000, up from $70,764,000 in 2020, indicating a rise of 93%[66] - Net capital expenditures for the three months ended December 31, 2021, totaled $68,237,000, a significant increase from $31,211,000 in the same period of 2020, representing a year-over-year growth of 118%[68] Assets and Liabilities - Total assets as of December 31, 2021, were $5,753,123, compared to $3,847,254 in 2020, marking a 49% increase[30] - Total liabilities increased to $3,532,812 in 2021 from $2,058,642 in 2020, a rise of 71%[30] - Cash and cash equivalents rose to $19,292 from $4,297, indicating a significant increase of 348%[30] - Trade and other receivables increased to $1,056,023 in 2021 from $597,873 in 2020, a growth of 77%[30] Segment Performance - The Less-Than-Truckload segment saw a staggering revenue increase of 509% in Q4 2021 compared to the prior year[9] - Total revenue for the Truckload segment for the year ended December 31, 2021, was $2,162,752,000, a 23.7% increase from $1,748,359,000 in 2020[45] - Total revenue for the Logistics segment reached $441,086,000 in Q4 2021, a 34.5% increase from $327,689,000 in Q4 2020[46] - Operating income for the Logistics segment increased to $142,794,000 in 2021, compared to $84,459,000 in 2020, marking a growth of 69%[70] Operational Metrics - Revenue per shipment (excluding fuel) increased to $6.21 in 2021 from $5.67 in 2020, a rise of 9.4%[41] - The average vehicle count increased to 1,139 in 2021 from 1,008 in 2020, representing a growth of 13.0%[41] - The average tractor count in the U.S. based Conventional TL segment increased by 17.6% to 3,447 in Q4 2021 from 2,932 in Q4 2020[45] - The average trailer count in the Canadian based Conventional TL segment rose by 21.1% to 3,401 in Q4 2021 from 2,809 in Q4 2020[45] Financial Ratios - The funded debt-to-EBITDA ratio as of December 31, 2021, was 1.51, well below the requirement of less than 3.50, indicating strong financial health[68] - The EBITDAR coverage ratio was reported at 5.59, significantly above the required minimum of 1.75, showcasing strong earnings relative to interest and rent expenses[68] Other Financial Metrics - Other comprehensive income for the year was $17,524, compared to $17,052 in 2020, showing a slight increase[34] - Depreciation and amortization expenses for the year ended December 31, 2021, totaled $55.24 million, compared to $48.21 million in 2020[55]

TFI International Inc. (NYSE:TFII) Q3 2021 Earnings Conference Call October 29, 2021 8:30 AM ET Company Participants Alain Bedard - Chairman, President & Chief Executive Officer Conference Call Participants Jordan Alliger - Goldman Sachs Scott Group - Wolfe Research Brian Ossenbeck - JPMorgan Ken Hoexter - Bank of America Ravi Shanker - Morgan Stanley Walter Spracklin - RBC Capital Markets Tom Wadewitz - UBS Kevin Chiang - CIBC Jason Seidl - Cowen Konark Gupta - Scotiabank Benoit Poirier - Desjardins Capita ...

TFI International Inc. (NYSE:TFII) Q2 2021 Earnings Conference Call July 26, 2021 6:00 PM ET Company Participants Alain Bedard - Chairman, President and CEO Conference Call Participants Ravi Shanker - Morgan Stanley Tom Wadewitz - UBS Scott Group - Wolfe Research Jack Atkins - Stephens Inc. Jordan Alliger - Goldman Sachs Konark Gupta - Scotia Bank Brian Ossenbeck - J.P. Morgan Tim James - TD Securities Jason Seidl - Cowen Walter Spracklin - RBC Ari Rosa - Bank of America Merrill Lynch Cameron Doerksen - Nat ...

TFI International, Inc. (NYSE:TFII) Q1 2021 Earnings Conference Call April 28, 2021 8:30 AM ET Company Participants Alain Bedard - Chairman, President & CEO Conference Call Participants Scott Group - Wolfe Research Konark Gupta - Scotia Bank Allison Landry - Credit Suisse Kevin Chiang - CIBC Fadi Chamoun - BMO Capital Markets Tim James - TD Securities Jason Seidl - Cowen Cameron Doerksen - National Bank Financial Benoit Poirier - Desjardins Capital Walter Spracklin - RBC Sanjay Ramaswamy - Bank of America O ...

TFI International Inc. (NYSE:TFII) Q4 2020 Earnings Conference Call February 8, 2021 5:00 PM ET Company Participants Alain Bedard - President, Chief Executive Officer and Chairman Conference Call Participants Ravi Shanker - Morgan Stanley Allison Landry - Credit Suisse David Ross - Stifel Nicolaus Scott Group - Wolfe Research Walter Spracklin - RBC Capital Markets Tom Wadewitz - UBS Konark Gupta - Scotia Capital Jason Seidl - Cowen and Company Ken Hoexter - Bank of America Tim James - TD Securities Brian Os ...

TFI International Inc. (NYSE:TFII) Q3 2020 Results Earnings Conference Call October 23, 2020 8:10 AM ET Company Participants Alain Bédard - Chairman, President, Chief Executive Officer David Saperstein - Chief Financial Officer Conference Call Participants Ravi Shanker - Morgan Stanley Jason Seidl - Cowen Allison Landry - Credit Suisse Scott Group - Wolfe Research Walter Spracklin - RBC Capital Markets Tom Wadewitz - UBS Jordan Alliger - Goldman Sachs Mona Nazir - Laurentian Bank Sanjay Ramaswamy - Bank of ...