TFI International Inc

Latest Results (18.12.2024):

Operating Income

In the third quarter of 2024, TFI International Inc. reported an operating income of $203.3 million, which marks an increase from $200.6 million in the same quarter of the previous year. This growth was primarily driven by contributions from business acquisitions, although it was partially offset by weaker market conditions and higher net gains on the sale of assets held for sale in the prior year period.

Net Income

TFI International Inc.'s net income for the third quarter of 2024 was $128.0 million, a slight decrease from $133.3 million in Q3 2023. However, the adjusted net income increased to $136.6 million from $136.0 million in the previous year, indicating a positive adjustment in the company's financial performance.

Earnings Per Share

The company's diluted earnings per share (EPS) for the third quarter of 2024 was $1.50, compared to $1.54 in Q3 2023. On an adjusted basis, the diluted EPS increased to $1.60 from $1.57, reflecting a favorable adjustment in earnings per share despite the challenging market conditions.

Cash Flow

TFI International Inc. generated net cash from operating activities amounting to $351.1 million in the third quarter of 2024, up from $278.7 million in the same period of the previous year. The free cash flow also saw a significant increase to $272.5 million from $198.3 million, which was partly used to repay over $130 million of debt.

Dividend Increase

The Board of Directors of TFI International Inc. approved a quarterly dividend of $0.45 per share for the third quarter of 2024, representing a 13% increase. This decision reflects the company's commitment to returning capital to shareholders while maintaining a strong balance sheet.