TFI International Reports Q1 2025 Earnings Miss, Despite Revenue Growth
TFI International’s adjusted earnings per share (EPS) for the first quarter of 2025 were 76 cents, falling short of estimates of 94 cents and significantly down from $1.24 in the same quarter last year. Revenue reached $1.96 billion, up 4.8% year-over-year, but came in below the expected $2.04 billion.
Segmentally, truckload revenue surged 67% year-over-year to $662.9 million, reflecting strong growth in that division. In contrast, logistics revenue declined 13% to $384.9 million, and less-than-truckload (LTL) revenue was marginally down 0.2% at $679.0 million.
Operating income declined 24% year-over-year to $114.6 million, missing the estimated $128.4 million. Despite these challenges, the company improved operating ratios in several areas and emphasized a focus on robust cash flow growth, which increased 40% compared to last year.
CEO Alain Bédard highlighted the company’s strategic investments and commitment to operational excellence amidst industry headwinds and weak freight demand. TFI International currently holds 15 buy ratings, with 4 hold and 1 sell from analysts.
