TFI International (TFII) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 27, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.62

Last Year’s EPS

0.76

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 16 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 17, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call highlights strong cash generation, disciplined capital returns (>$225M buybacks, dividend increase), improved service metrics, and strategic focus on higher-value verticals and tuck-in M&A. However, these positives are tempered by declining revenues across segments, lower operating income, margin pressure (notably in Truckload and Logistics), weather-related costs, and continued macro/industry overcapacity and demand softness. Management offered conservative near-term guidance (Q1 EPS $0.50–$0.60) while signaling operational fixes and opportunities for improvement (data centers, energy, asset-light growth) that could boost results later in 2026. Overall, the call balances clear financial and operational strengths against meaningful near-term headwinds and uncertainty.

Company Guidance

TFI guided first‑quarter adjusted diluted EPS of $0.50–$0.60 and full‑year 2026 net CapEx (ex‑real estate) of $225–$250 million, assuming no material change in the operating environment, and reiterated the plan to deliver higher full‑year EPS versus 2025 while being conservative after a weather‑hit January and a March‑weighted Q1; for context Q4 revenue before fuel was $1.7 billion with operating income of $127 million (7.6% margin), Q4 net cash from operations $282 million (+8% YoY), Q4 free cash flow $259 million (+25% YoY) and full‑year 2025 free cash flow >$10 per share (≈$832 million), year‑end leverage 2.5x debt/EBITDA (management prefers nearer 2.0x), >$225 million of share repurchases in 2025 and a dividend increase. Management flagged segment dynamics and near‑term headwinds: U.S. LTL expected to see ~250 bps sequential margin deterioration (similar in Canada), P&C down ~1,000 bps with revenue down ~15% sequentially, Specialty Truckload roughly flat sequential, Canadian Truckload ~‑100 bps and Logistics ~‑150 bps, and estimated weather disruption already cost roughly $5–6 million (≈100 bps).

Annual Free Cash Flow and Per-Share Generation

Generated more than $10 per share of free cash flow in 2025, totaling approximately $832 million (also referenced as ~$830M), demonstrating strong cash generation despite a soft freight environment.

Quarterly Free Cash Flow and Operating Cash Improvement

Fourth-quarter free cash flow of $259 million, a 25% year-over-year increase; net cash from operating activities for the quarter was $282 million, up 8% year-over-year.

Capital Return to Shareholders

Returned capital via opportunistic repurchases of over $225 million of common shares during 2025 and increased the dividend (Board raised dividend in Q4).

Segment Returns and Profitability (Selected)

LTL return on invested capital at 12.2% and Logistics ROIC at ~11.8%, indicating attractive returns in those businesses despite revenue pressure; Truckload ROIC lower at 5.8% but improving capital efficiency initiatives cited.

Operational and Service Improvements

Service metrics improved in Q4: missed pickups reduced to 1.5% (from 3.3% a year ago), reschedules down to 8% (from 12%), and on-time delivery stable at ~91%. Small/medium shipper revenue increased to ~28% from 25% year-over-year.

Balance Sheet Strength and Leverage Management

Ended the year with a debt-to-EBITDA ratio of 2.5x and management intention to reduce leverage (targeting closer to 2.0x over time); capital allocation plan prioritizes tuck-in M&A, dividends and deleveraging.

Cost/Capital Efficiency Initiatives

Actions to reduce Truckload capital intensity (lower depreciation expense), fleet/capital optimization and growth of asset-light brokerage to improve ROIC; Q4 Truckload depreciation-related expense was ~ $3 million lower year-over-year in the quarter.

Strategy & Growth Opportunities (Data Centers, Energy, M&A)

Strategic focus on higher-value industrial verticals — data centers, electric/grid, wind/energy — with recent tuck-in acquisitions adding capability; management expects $200M–$300M of tuck-in M&A in 2026 and is positioned to pursue larger deals in 2026–2027 if pricing and regulatory clarity permit.

TFI International (TFII) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TFII Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 27, 2026	2026 (Q1)	0.62 / -	0.76	―	―	―
Feb 17, 2026	2025 (Q4)	0.85 / 1.09	1.19	-8.40% (-0.10)
Oct 30, 2025	2025 (Q3)	1.20 / 1.20	1.6	-25.00% (-0.40)
Jul 28, 2025	2025 (Q2)	1.23 / 1.34	1.71	-21.64% (-0.37)
Apr 23, 2025	2025 (Q1)	0.93 / 0.76	1.24	-38.71% (-0.48)
Feb 19, 2025	2024 (Q4)	1.58 / 1.19	1.71	-30.41% (-0.52)
Oct 21, 2024	2024 (Q3)	1.77 / 1.60	1.57	1.91% (+0.03)
Jul 25, 2024	2024 (Q2)	1.62 / 1.71	1.59	7.55% (+0.12)
Apr 25, 2024	2024 (Q1)	1.35 / 1.24	1.33	-6.77% (-0.09)
Feb 08, 2024	2023 (Q4)	1.67 / 1.71	1.72	-0.58% (-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TFII Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 17, 2026	$121.06	$116.27	-3.96%
Oct 30, 2025	$87.37	$89.73	+2.70%
Jul 28, 2025	$89.78	$93.25	+3.86%
Apr 23, 2025	$77.64	$83.69	+7.78%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.