TFI International reports Q2 adjusted EPS $1.71, consensus $1.61

Reports Q2 revenue $2.26B, consensus $2.28B. “TFI International again posted very solid results despite soft market conditions, with year-over-year growth in revenues and operating income across all our business segments,” said Alain Bedard, Chairman, President and Chief Executive Officer. “Our performance was driven by the impressive execution by our team, including at the recently acquired Daseke operations where integration work is already off to a strong start. In addition, we’re executing well within US LTL, with continued improvements in tonnage, weight per shipment and revenue per shipment. We’re pleased with our consolidated net cash from operating activities of nearly $250 million and our free cash flow of more than $150 million, both up significantly over the past year. This strong cash flow is key in our ability to create value through strategic investment, regardless of market conditions, while returning excess capital to shareholders whenever possible.”