TFI International reports Q3 adjusted EPS $1.20, consensus $1.20

Reports Q3 revenue $1.969B, consensus $2.03B. “Our team’s heightened emphasis on customer service and our core operating principles again drove solid margin performance, strengthening our position for the next cycle,” said Alain Bedard, CEO. “Our U.S. LTL segment delivered an operating ratio that matched our strong performance a year earlier, which is but one example of new segment leadership executing through a still muted and uncertain freight environment. Year to date, we have generated more than $570M of free cash flow, exceeding the prior year’s nine-month figure and further enhancing our ability to strategically operate and invest. Our strong balance sheet also supports the return of excess capital to shareholders, and during the quarter we again paid our dividend, 13% higher than the prior year, and continued to repurchase shares which has meaningfully reduced our share count over time in support of future EPS growth.”