TFI International (NYSE:TFII) Releases Earnings Results, Beats Expectations By $0.10 EPS

Key Points

• TFI reported a Q1 beat with $0.69 EPS versus estimates and revenue of $1.95 billion, and raised Q2 adjusted EPS guidance to $1.50–$1.60 while forecasting a ~400–500 bps sequential operating-ratio improvement.
• Operational recovery is underway: LTL shipments improved from down ~10% in January to up ~8% in March (April tracking similarly) with LTL revenue only down ~3% YoY, while truckload productivity and pricing rose (revenue per truck ex-fuel ~+9%, truck count ~-7%).
• Balance-sheet strength and shareholder returns remain priorities — TFI generated $124M free cash flow in Q1, carries funded debt/EBITDA of ~2.6 and paid a quarterly dividend ($0.47/share) — but management is withholding full‑year guidance amid trade, fuel and tax uncertainty and has largely paused M&A.

TFI International (NYSE:TFII - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.10, Zacks reports. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.87 billion. TFI International had a net margin of 3.94% and a return on equity of 13.73%. TFI International updated its Q2 2026 guidance to 1.500-1.600 EPS.

Here are the key takeaways from TFI International's conference call:

• TFI reported strong cash generation and a solid balance sheet with $124M free cash flow in Q1 (after >$800M last year), funded debt/EBITDA of 2.6 and a $38M quarterly dividend, enabling continued capital returns and strategic investment.
• The company issued Q2 adjusted diluted EPS guidance of $1.50–$1.60 and expects a sequential consolidated operating ratio improvement of ~400–500 bps (notably 600–700 bps in LTL), signaling meaningful margin recovery into the quarter.
• LTL is showing operational recovery—shipments improved from down 10% in January to up ~8% in March with April tracking similarly, LTL revenue was only down 3% YoY and management expects organic LTL growth in Q2 as service stabilizes.
• Truckload productivity and pricing trends are improving: revenue per truck per week ex-fuel rose ~9%, truck count was reduced ~7% (lifting productivity), operating income increased, and U.S. flatbed contract renewals are coming in high-single to low-double digits.
• Significant uncertainty remains—management will not provide full-year guidance until a USMCA-like trade deal/clarity arrives, fuel-price volatility and a temporary low tax rate distorted Q1, and M&A activity is largely on hold while sellers await stronger market results.

TFI International Price Performance

TFII opened at $138.32 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.03 and a quick ratio of 1.02. The stock's 50 day simple moving average is $116.08 and its 200 day simple moving average is $105.98. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.76 and a beta of 1.53. TFI International has a 1 year low of $78.92 and a 1 year high of $140.07.

TFI International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.88 annualized dividend and a yield of 1.4%. TFI International's dividend payout ratio is currently 50.54%.

Institutional Investors Weigh In On TFI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC bought a new stake in TFI International in the 3rd quarter worth $207,000. United Services Automobile Association purchased a new stake in shares of TFI International during the first quarter worth about $217,000. Marshall Wace LLP purchased a new position in TFI International during the 2nd quarter valued at about $294,000. New York State Common Retirement Fund bought a new position in TFI International during the 4th quarter valued at approximately $782,000. Finally, Twin Tree Management LP lifted its holdings in TFI International by 6.5% in the 3rd quarter. Twin Tree Management LP now owns 16,527 shares of the company's stock worth $1,455,000 after buying an additional 1,013 shares during the period. 73.30% of the stock is currently owned by institutional investors.

More TFI International News

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Q1 results topped estimates — TFI reported $0.69 EPS vs. consensus of roughly $0.62, beating expectations and showing underlying operational resilience. TFII Q1 beat (Zacks)
• Positive Sentiment: Raised Q2 guidance — management set Q2 2026 EPS guidance at $1.50–$1.60 versus a consensus near $1.30, signaling confidence in near‑term margin/volume trends. Q1 release and guidance (GlobeNewswire)
• Neutral Sentiment: Annual meeting completed and directors re‑elected — routine governance update with no surprises reported. Shareholder voting results (GlobeNewswire)
• Neutral Sentiment: Company published the Q1 press release and slide deck for investors — useful for digging into segment performance and fleet/price dynamics. Q1 press release / slide deck
• Negative Sentiment: EPS declined year‑over‑year and margins remain modest — Q1 EPS of $0.69 compares with $0.76 a year ago and net margin is under 4%, which may concern investors focused on sustained margin expansion; valuation is relatively high, increasing sensitivity to execution risk. Q1 results details (GlobeNewswire)

Analysts Set New Price Targets

Several research analysts have commented on TFII shares. TD Cowen reissued a "buy" rating and issued a $130.00 price target (up from $112.00) on shares of TFI International in a report on Wednesday, February 18th. UBS Group boosted their target price on TFI International from $101.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, February 19th. Royal Bank Of Canada raised their price target on TFI International from $125.00 to $137.00 and gave the company an "outperform" rating in a report on Thursday, February 19th. Weiss Ratings reissued a "hold (c)" rating on shares of TFI International in a research note on Friday, March 27th. Finally, Citigroup lifted their price target on TFI International from $131.00 to $143.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $129.07.

About TFI International

TFI International Inc NYSE: TFII is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.