Overview

* TFI International ( TFII ) Q3 revenue declines due to weaker market demand

* Adjusted EPS for Q3 meets analyst expectations

* Company announces 4% increase in quarterly dividend

Outlook

* Company expects Q4 adjusted diluted EPS between $0.80 and $0.90

* Company lowers full-year capital expenditure forecast to $150 mln-$175 mln

Result Drivers

* WEAKER DEMAND - Revenue decline attributed to reduced volumes driven by weaker end market demand

* SEGMENT PERFORMANCE - U.S. LTL segment maintained operating ratio despite muted freight environment, per CEO Alain Bédard

* CAPITAL MANAGEMENT - Strong balance sheet supports share repurchases and dividend increases, enhancing future EPS growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $1.96

Revenue bln

Q3 In-line $1.20 $1.20

Adjusted (15

EPS Analysts

)

Q3 EPS $1.02

Q3 *Slight $99.10 $99.87

Adjusted Miss mln mln (9

Net Analysts

Income )

Q3 Net $84.70

Income mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the ground freight & logistics peer group is "buy"

* Wall Street's median 12-month price target for TFI International Inc ( TFII ) is C$140.00, about 11.1% above its October 29 closing price of C$124.44

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)