TFI International (US:TFII) Globenewswireยท2025-10-30 20:05Core Insights - TFI International Inc. reported a decrease in total revenue for Q3 2025, amounting to $1.97 billion, down from $2.18 billion in the same period last year, primarily due to reduced volumes from weaker end market demand [4][8] - The company generated over $570 million in free cash flow year-to-date, exceeding the previous year's nine-month figure, which enhances its ability to operate and invest strategically [2][4] - The Board of Directors approved a 4% increase in the quarterly dividend to $0.47 per share, reflecting a commitment to returning excess capital to shareholders [6][18] Financial Highlights - Total revenue for Q3 2025 was $1,968.7 million, compared to $2,184.6 million in Q3 2024, marking an 11% decrease [4][8] - Adjusted EBITDA for Q3 2025 was $305.4 million, down from $357.2 million in Q3 2024 [32] - Net income for Q3 2025 was $84.7 million, compared to $125.9 million in Q3 2024, with diluted EPS decreasing from $1.48 to $1.02 [5][10] Segment Performance - The Less-Than-Truckload segment saw a revenue decrease of 11%, Truckload decreased by 7%, and Logistics decreased by 14% compared to Q3 2024 [7] - Operating income decreased by 19% for Less-Than-Truckload, 25% for Truckload, and 36% for the Logistics segment [7] Cash Flow and Shareholder Returns - Net cash from operating activities for Q3 2025 was $255.4 million, down from $351.1 million in Q3 2024 [13] - The company returned $104.8 million to shareholders during the quarter, including $37.3 million in dividends and $67.4 million in share repurchases [15] Guidance - For Q4 2025, TFI International expects adjusted diluted EPS to be in the range of $0.80 to $0.90, influenced by lower deliveries in the Logistics segment and weak overall freight demand [16]