TFI International (US:TFII) Globenewswireยท2025-07-28 20:05Core 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]