Canada's TFI International Q3 adjusted net income misses estimates

TFI International

29/10/2026 20:46

Overview
Canada transportation and logistics firm's Q3 revenue rose 13% yr/yr, driven by acquisitions and market gains
Q3 adjusted net income missed analyst expectations
Company raised quarterly dividend by 4% over prior year period

Outlook
TFI International expects Q4 2026 adjusted diluted EPS between $1.30 and $1.40
Company expects 2026 net capital expenditures excluding real estate of $225 mln to $250 mln
Company anticipates Q4 adjusted operating ratio improvement in Truckload and Logistics, decline in LTL

Result Drivers
TRUCKLOAD SEGMENT - Co said Truckload segment saw double-digit revenue growth and operating income nearly doubled, despite fewer trucks
LOGISTICS SEGMENT - Logistics segment operating income up nearly 60%, with 22% revenue growth and 15% return on invested capital
ACQUISITIONS AND MARKET CONDITIONS - Co attributed revenue growth to business acquisitions and improved market conditions

Company press release: ID:nGNX6mYmVL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$2.23 bln
 
Q3 EPS
 
$1.28
 
Q3 Adjusted Net Income
Miss
$137.3 mln
$145.05 mln (8 Analysts)
Q3 Net Income
 
$105.7 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "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$222.31, about 41.9% above its October 28 closing price of C$156.69
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Oct 27 - Logistics firm Landstar System's Q3 revenue rises 25%, beats estimates
Oct 29 - Saia Inc Q3 revenue rises 17%, beats analyst estimates
Oct 29 - Schneider National Q3 revenue slightly beats estimates; raises 2026 EPS outlook

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.)