TFI International (TFII) Company Report

TFI International reported Q3 2025 adjusted net income of $99 million and adjusted EPS of $1.20, a decrease from $134 million and $1.58 respectively in Q3 2024, on total revenue before fuel surcharge of $1.7 billion.
The company generated nearly $200 million in free cash flow during Q3 2025, contributing to over $570 million year-to-date, and announced a 4% increase in its quarterly dividend to $0.47 per share while repurchasing $67 million in shares during the quarter.
For Q4 2025, TFII expects adjusted diluted EPS between $0.80 and $0.90, anticipating a difficult quarter with U.S. LTL operating ratio projected at 96% due to slow volumes and external factors.
Management expressed optimism for a market rebound in 2026 and plans significant investments in AI to improve efficiency, while also considering large M&A opportunities in mid-to-late 2026.

Oct 31, 2025, 2:00 PM

TFII Announces Third Quarter 2025 Results

TFII

Earnings

Dividends

Share Buyback

For the third quarter ended September 30, 2025, TFI International Inc. reported total revenue of $1,968.7 million, net income of $84.7 million, and diluted earnings per share of $1.02. These results reflect a decrease compared to the third quarter of 2024, primarily due to a decline in revenues from existing operations driven by weaker market demand.
Net cash from operating activities for Q3 2025 was $255.4 million, and free cash flow was $199.4 million.
The Board of Directors approved an increase to the quarterly dividend to $0.47 per outstanding common share, payable on January 15, 2026.
A renewed Normal Course Issuer Bid (NCIB) was approved, authorizing the company to purchase for cancellation a maximum of 7,667,696 common shares, representing 10% of the public float, from November 4, 2025, to November 3, 2026.

Oct 30, 2025, 8:19 PM

TFI International Announces Q3 2025 Results

TFII

Earnings

Dividends

Guidance Update

TFI International reported Q3 2025 operating income of $153.3 million, a decrease from $201.2 million in Q3 2024, and net income of $84.7 million, down from $125.9 million in the prior year quarter.
Diluted earnings per share (EPS) for Q3 2025 was $1.02, down from $1.48 in Q3 2024, with adjusted diluted EPS at $1.20 compared to $1.58 in Q3 2024.
Net cash from operating activities for Q3 2025 was $255.4 million, down from $351.1 million in Q3 2024, with free cash flow of $199.4 million, compared to $272.5 million in Q3 2024.
The Board of Directors approved a 4% increase in the quarterly dividend to $0.47.
The company expects Q4 2025 adjusted diluted EPS to be in the range of $0.80 to $0.90.

Oct 30, 2025, 8:05 PM

Earnings Transcripts

Quarterly earnings call transcripts for TFI International.

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