Canada's TFI International beats Q1 adjusted EPS estimates, dividend up 4%

TFI International

27/04/2026 21:13

Overview

Canada transportation and logistics firm's Q1 adjusted EPS beat analyst expectations, adjusted revenue missed

Total revenue declined slightly yr/yr due to weaker end market demand, partly offset by acquisitions

Company raised quarterly dividend by 4% over prior year period

Outlook

TFI International expects Q2 2026 adjusted diluted EPS between $1.50 and $1.60

Company expects 2026 net capital expenditures, excluding real estate, of $225 mln to $250 mln

TFI International says it is well positioned as freight dynamics improve in March

Result Drivers

WEAKER DEMAND - Co said lower volumes from weaker end market demand drove revenue and operating income declines

ACQUISITIONS - Recent acquisitions contributed to revenue and operating income, partially offsetting volume declines

ACCIDENT-RELATED EXPENSES - Higher accident-related costs increased corporate expenses and weighed on operating income

Company press release: ID:nGNXbwT4V9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$1.95 bln
Q1 Adjusted Revenue
Miss
$1.70 bln
$1.89 bln (9 Analysts)
Q1 Adjusted EPS
Beat
$0.69
$0.61 (14 Analysts)
Q1 EPS
$0.53
Q1 Adjusted Net Income
Beat
$57.20 mln
$48.39 mln (7 Analysts)
Q1 Net Income
$43.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 is C$169.84, about 10.4% below its April 24 closing price of C$189.57

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)