- TFI International’s adjusted EPS (Earnings per Share) for Q1 2024 missed estimates falling to $1.24 against the estimation of $1.36 and previous year’s EPS of $1.33.
- Total revenue was reported to be $1.87 billion, indicating a 1.1% increase on a year-on-year basis.
- Package and courier revenue decreased by 8.3% to $103.2 million on a year-on-year basis.
- Truckload revenue also experienced a drop of 4%, coming down to $397.7 million.
- Logistics revenue, on the other hand, saw a significant growth, rising by 24% to $441.9 million on a year-on-year basis.
- LTL (less-than-truckload) revenue experienced a slight contraction of 1.5%, decreasing to $680.7 million.
- Operating income stood at $151.6 million, falling short of the estimates at $169.7 million. This constitutes an 8.9% decrease compared to the previous year.
- Although adjusted Ebitda (Earnings before interest, taxes, depreciation and amortization) grew by 1.6% to stand at $268.4 million, it was still lower than the estimated $278.5 million.
- Adjusted net income was $105.5 million, indicating a decrease of 9.4% y/y, against the estimated net income of $117.5 million.
- Positive steps have been made in TForce Freight’s turnaround with an increase in revenue per shipment before fuel surcharge by 12% attributed to improved service and tonnage growth.
- The company’s stock received 15 buy ratings, 4 hold ratings, and no sell ratings.
A look at Tfi International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
TFI International Inc, a key player in the transportation and logistics industry, is poised for a promising long-term outlook based on an analysis of its Smartkarma Smart Scores. With solid ratings in Growth and Momentum at 4 each, the company shows potential for strong expansion and market traction over time. The focus on strategic acquisitions and subsidiary management has positioned TFI International as a robust player in the transportation sector, operating across the United States, Canada, and Mexico.
Although TFI International garners average scores in Value, Dividend, and Resilience at 2 each, the higher ratings in Growth and Momentum suggest a positive trajectory for the company’s future performance. Leveraging its established network and strategic approach, TFI International is likely to capitalize on growth opportunities and maintain momentum in the competitive transportation and logistics market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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