From Yahoo Finance: 2025-04-23 18:06:00

TFI International stock took a significant hit post-close, down 2% to $76.85. Non-GAAP earnings fell short of forecasts by 18 cents, with revenue missing analyst expectations by $100 million. U.S. LTL operations struggled, with various negative operating metrics. Canadian LTL division saw improvement, with an OR of 80.2%.

Truckload revenue saw a 66% increase, while LTL revenue dropped. CEO Bedard compared U.S. LTL unfavorably to Canadian operations. Operating income in Truckload rose to $48.8 million, while LTL income was $47.1 million. Bedard emphasized focus on free cash flow growth and strong financial position.

Bedard highlighted TFI’s strategic investments and operational excellence. The company saw a 40% increase in free cash flow during the first quarter. Bedard emphasized the importance of returning value to shareholders through dividends and buybacks. TFI remains focused on navigating industrywide freight demand weakness.

Read more: Another disappointing LTL quarter at TFI International