Overview

* TFI International ( TFII ) Q2 revenue falls to $2.04 bln from $2.26 bln

* Adjusted EPS of $1.34 beats analyst expectations, per LSEG data

* Free cash flow increased 20% due to operational efficiencies

Outlook

* TFI International ( TFII ) emphasizes strong balance sheet to capitalize on future demand

* Company focuses on operational efficiencies amid subdued market conditions

* TFI International ( TFII ) aims for strategic investments to drive long-term profitability

Result Drivers

* WEAKER DEMAND - Revenue declined due to reduced volumes driven by weaker end market demand

* STRONG MARGINS - Margin performance across all business segments contributed to increased free cash flow

* OPERATIONAL EFFICIENCIES - New segment leadership focused on operational efficiencies, aiding performance despite subdued market conditions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $2.04

Revenue bln

Q2 Miss $1.79 $2.07

Adjusted bln bln (9

Revenue Analysts

)

Q2 Beat $1.34 $1.24

Adjusted (14

EPS Analysts

)

Q2 EPS $1.17

Q2 Beat $112 mln $102.50

Adjusted mln (8

Net Analysts

Income )

Q2 Net $98.20

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 6 "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 8.5% above its July 25 closing price of C$128.13

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(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.)