Canada's TFI International Q2 adjusted profit beats estimates on growth in all businesses

TFI International

27/07/2026 21:14

Overview
Canada transportation and logistics firm's Q2 revenue rises
Adjusted net income for Q2 beat analyst expectations
Company raised quarterly dividend by 4% over prior year period

Outlook
TFI expects Q3 2026 adjusted diluted EPS between $1.70 and $1.80
Company sees 2026 net capital expenditures excluding real estate at $225 mln to $250 mln
TFI expects Q3 adjusted operating ratio improvement of 550-650 bps for Truckload, 250-350 bps for Logistics, and comparable ratio for LTL

Result Drivers
SEGMENT GROWTH - All business segments generated higher revenue and operating income, with Truckload segment operating income up 50%, driven by diversified industrial end markets and specialized and flatbed strength
ACQUISITIONS AND ORGANIC IMPROVEMENT - Revenue and operating income increases were due to contributions from business acquisitions and organic growth, including margin improvements
PRICING AND MARKET CONDITIONS - Improving market conditions and incremental pricing opportunities, especially in Less-Than-Truckload, contributed to results

Company press release: ID:nGNX5P9jB3

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$2.29 bln
 
Q2 Adjusted Revenue
 
$1.90 bln
 
Q2 EPS
 
$1.65
 
Q2 Adjusted Net Income
Beat
$152.50 mln
$135.17 mln (8 Analysts)
Q2 Net Income
 
$136.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and no "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 is C$204.00, about 4% below its July 24 closing price of C$212.43
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

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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.)