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Investing.com -- TFI International Inc. (NYSE and TSX:NYSE:TFII) reported second-quarter adjusted earnings that exceeded analyst expectations despite a slight revenue miss, as strong margin performance across all business segments helped offset weaker market conditions.
The North American transportation and logistics leader posted adjusted earnings per share of $1.34 for the quarter ended June 30, 2025, surpassing the analyst estimate of $1.23. Revenue came in at $2.04 billion, slightly below the consensus estimate of $2.06 billion and down 10% from $2.26 billion in the same quarter last year. TFI’s stock was flat following the announcement, reflecting the mixed results.
"We delivered strong margin performance across all business segments which drove another quarter of solid free cash flow for TFI International," said Alain Bédard, Chairman, President and Chief Executive Officer. "New segment leadership has sharpened our teams’ focus on our fundamental principles, including quality of revenue and operational efficiencies, enabling us to perform despite still-subdued market conditions."
Operating income decreased to $170.2 million from $206.0 million in the prior-year period, primarily due to reduced volumes driven by weaker end market demand. The company’s Less-Than-Truckload segment saw revenue decline by 13%, while Truckload revenue fell 6% and Logistics revenue dropped 12% compared to Q2 2024.
Despite the challenging environment, TFI maintained strong cash flow with net cash from operating activities at $246.7 million during the quarter, nearly matching the $248.5 million reported in the same period last year.
The company continued its commitment to shareholder returns, distributing $123.7 million to shareholders during the quarter through dividends ($38.8 million) and share repurchases ($84.9 million). On June 16, TFI’s Board declared a quarterly dividend of $0.45 per share, representing a 13% increase over the $0.40 quarterly dividend declared in Q2 2024.
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