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Shareholders that lost money on TFI International Inc.(TFII) should contact Levi & Korsinsky about pending Class Action - TFII
Prnewswire· 2025-03-21 09:45
NEW YORK, March 21, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in TFI International Inc. ("TFI International Inc." or the "Company") (NYSE: TFII) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of TFI International Inc. investors who were adversely affected by alleged securities fraud between April 26, 2024 and February 19, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra ...
TFII Investors Have Opportunity to Lead TFI International Inc. Securities Fraud Lawsuit
Prnewswire· 2025-03-20 00:35
Core Viewpoint - A class action lawsuit has been filed against TFI International Inc. for alleged misleading statements and failure to disclose critical business issues during the Class Period from April 26, 2024, to February 19, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that TFI International made false and/or misleading statements regarding its business operations, including losing small and medium business customers and declining revenue in its TForce Freight segment [5]. - It is alleged that TFI was experiencing difficulties in managing costs, leading to a decline in profitability for its largest business segment [5]. - The lawsuit asserts that the positive statements made by TFI's management lacked a reasonable basis and were materially misleading [5]. Group 2: Participation Information - Shareholders who purchased TFI International securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must file a motion with the court by May 13, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing shareholder interests [4].
TFII Investors Have Opportunity to Lead TFI International Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-03-17 20:21
Core Viewpoint - A class action lawsuit has been filed against TFI International Inc. for alleged violations of securities laws, specifically related to misleading statements about the company's financial health and customer losses [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased TFI's securities between April 26, 2024, and February 19, 2025, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against TFI - The complaint alleges that TFI made false and misleading statements regarding its financial performance [4]. - TFI was reportedly losing small and medium business customers, leading to a decline in TForce revenue [4]. - The company faced challenges in managing costs, which negatively affected the profitability of its largest business segment [4].
TFI International to Retain Canadian Corporation Status
Newsfilter· 2025-02-24 21:33
Group 1 - TFI International Inc. will remain a Canadian corporation and will not proceed with its plan to re-domicile to the United States based on shareholder feedback [1] - TFI International is a leader in the North American transportation and logistics industry, operating in the United States, Canada, and Mexico [2] - The company focuses on creating shareholder value through strategic acquisitions and managing a network of wholly-owned subsidiaries [2] Group 2 - TFI International operates in various segments including Less-Than-Truckload, Truckload, and Logistics [4]
TFI International (TFII) - 2024 Q4 - Earnings Call Transcript
2025-02-20 19:17
Financial Data and Key Metrics Changes - For Q4 2024, total revenue before fuel surcharge increased by 9% year-over-year to $1.8 billion, aided by the acquisition of Daseke [7] - Operating income decreased to $160 million from $198 million, resulting in an operating margin of 8.8% compared to 11.8% in the previous year [7] - Adjusted net income fell to $102 million from $148 million, with adjusted EPS dropping to $1.19 from $1.71 [8] - Free cash flow was $208 million, down from $244 million in the prior year [9] - Funded debt-to-EBITDA ratio improved to 2.1% after reducing debt by $156 million [14] Business Segment Data and Key Metrics Changes - LTL segment, accounting for 40% of segmented revenue, reported revenue of $737 million, up 10%, with operating income rising 34% to $70 million despite higher accident-related costs [10] - Truckload segment revenue increased to $693 million from $399 million, with operating income at $60 million, up from $51 million [11] - Logistics segment revenue decreased to $410 million from $472 million, with operating income falling to $43 million from $55 million [12] Market Data and Key Metrics Changes - The company noted a 6% year-over-year drop in shipment count, indicating a challenging market environment [18] - Truck manufacturers' volumes are down about 20%, expected to continue in the first three quarters of 2025 [24] Company Strategy and Development Direction - The company plans to redomicile from Canada to the U.S. to better align with its shareholder base and commercial presence [15] - Focus on optimizing free cash flow to invest strategically, pursue M&A opportunities, and return capital to shareholders [6] - Management emphasized the need to improve operational efficiency and reduce costs, particularly in the U.S. operations [25][35] Management's Comments on Operating Environment and Future Outlook - Management indicated that the freight recession is expected to persist into 2025, making the first half of the year particularly challenging [27][58] - The company aims to achieve an operating ratio between 93% and 95% in 2025, despite the difficult environment [45] - Management acknowledged the need for better density in U.S. operations and plans to focus on organic growth and potential M&A to improve this metric [36][38] Other Important Information - The Board declared a 13% increase in the quarterly dividend to $0.45 per share [14] - The company repurchased $42.4 million worth of shares during the quarter [14] Q&A Session Summary Question: What is the path to normalized EPS of $8? - Management indicated that significant work on cost reduction is needed, especially in TForce Freight, where shipment count is down 6% year-over-year [17][18] Question: Is there formal guidance for 2025? - Management stated that it is difficult to provide guidance due to the challenging start to the year and ongoing freight recession [26][27] Question: What is the outlook for U.S. LTL margins? - Management noted that losing small and medium-sized customers has impacted margins, and there is a need to be more aggressive in targeting these accounts [32][33] Question: What is the reason for the drop in length of haul? - Management explained that the active fleet size and operational changes contributed to the drop in length of haul, emphasizing the need to focus on active trucks [60][61] Question: What are the implications of redomiciling? - Management clarified that redomiciling is part of the company's evolution and will not involve delisting in Canada [74][76] Question: Will M&A be accelerated in the current environment? - Management acknowledged the potential for M&A but emphasized the need to balance bold actions with caution due to current market conditions [81][84] Question: Is TForce Freight expected to be profitable? - Management indicated that profitability is uncertain for TForce Freight in Q1, with expectations of a difficult quarter [116]
Compared to Estimates, TFI International (TFII) Q4 Earnings: A Look at Key Metrics
ZACKS· 2025-02-20 01:31
Core Insights - TFI International Inc. reported revenue of $2.08 billion for the quarter ended December 2024, reflecting a year-over-year increase of 5.5% but a revenue surprise of -6.89% compared to the Zacks Consensus Estimate of $2.23 billion [1] - The company's EPS was $1.19, down from $1.71 in the same quarter last year, resulting in an EPS surprise of -25.16% against the consensus estimate of $1.59 [1] Financial Performance Metrics - Adjusted Operating Ratio for Truckload was reported at 91.5%, higher than the average estimate of 89.6% from three analysts [4] - Adjusted Operating Ratio for Less-Than-Truckload was 90.3%, compared to the estimated 89.7% [4] - Overall Adjusted Operating Ratio was 91.2%, exceeding the average estimate of 89.2% [4] - Canadian LTL tonnage was 609 KTons, below the estimated 642.95 KTons [4] - U.S. LTL tonnage was reported at 811 KTons, compared to the average estimate of 860.18 KTons [4] - Canadian LTL Adjusted Operating Ratio was 81%, higher than the average estimate of 78.8% [4] - Revenue before fuel surcharge was $1.83 billion, lower than the estimated $1.98 billion, but showed a year-over-year increase of 9.1% [4] - Fuel surcharge revenue was $250.21 million, below the average estimate of $267.98 million [4] - Revenue from Logistics was $410.20 million, significantly lower than the estimated $466.72 million, representing a year-over-year decline of 13% [4] - Revenue from Less-Than-Truckload was $737.30 million, exceeding the average estimate of $722.18 million, with a year-over-year increase of 5.9% [4] - Revenue from Truckload was reported at $693.20 million, below the estimated $771.47 million, but showed a substantial year-over-year increase of 73.6% [4] Stock Performance - TFI International's shares have returned -5.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of +2.4% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]
TFI International Inc. (TFII) Misses Q4 Earnings and Revenue Estimates
ZACKS· 2025-02-19 23:15
Core Viewpoint - TFI International Inc. reported quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.59 per share, representing a -25.16% earnings surprise [1][2] Financial Performance - The company posted revenues of $2.08 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 6.89%, compared to $1.97 billion in the same quarter last year [2] - Over the last four quarters, TFI International has surpassed consensus EPS estimates only once [2] Stock Performance - TFI International shares have declined approximately 5.5% since the beginning of the year, while the S&P 500 has gained 4.2% [3] - The current Zacks Rank for TFI International is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.54 on revenues of $2.27 billion, and for the current fiscal year, it is $7.76 on revenues of $9.25 billion [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Transportation - Services industry, to which TFI International belongs, is currently ranked in the bottom 29% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]
TFI International Announces 2024 Fourth Quarter and Full-Year Results
GlobeNewswire· 2025-02-19 21:05
Core Insights - TFI International Inc. reported solid performance in Q4 2024, generating over $260 million in net cash from operating activities and over $200 million in free cash flow, maintaining a full-year free cash flow of over $750 million for the third consecutive year [2][4][32] - The company reduced debt and executed targeted acquisitions, alongside a 13% increase in quarterly dividends, indicating a strong financial position and commitment to returning capital to shareholders [2][17] Financial Highlights - Total revenue for Q4 2024 was $2.08 billion, up from $1.97 billion in Q4 2023, with revenue before fuel surcharge at $1.83 billion compared to $1.67 billion in the prior year [3][4] - Adjusted EBITDA for Q4 2024 was $315.3 million, slightly down from $320.9 million in Q4 2023, while operating income decreased to $160.2 million from $198.3 million [3][5][10] - Net income for Q4 2024 was $88.1 million, down from $131.4 million in Q4 2023, with diluted EPS at $1.03 compared to $1.53 in the prior year [6][11] Segment Performance - The Truckload segment saw a 64% revenue increase, primarily due to the acquisition of Daseke, while the Less-Than-Truckload and Logistics segments experienced declines of 13% and 14%, respectively [8][12] - Operating income in the Truckload segment increased by 18%, while the Less-Than-Truckload and Logistics segments declined by 34% and 22%, respectively [8] Full-Year Results - Total revenue for 2024 was $8.40 billion, up from $7.52 billion in 2023, with revenue before fuel surcharge at $7.30 billion compared to $6.42 billion the previous year [9][11] - Full-year operating income totaled $719.0 million, down from $757.6 million in 2023, attributed to weaker market demand and reduced gains from asset sales [10][11] Cash Flow and Shareholder Returns - Net cash from operating activities for 2024 was $1.06 billion, compared to $1.01 billion in 2023, while free cash flow was $768.6 million, slightly down from $775.9 million [16][32] - The company returned $75.6 million to shareholders in Q4 2024, including $33.1 million in dividends and $42.4 million in share repurchases [17] Strategic Initiatives - TFI International plans to pursue re-domiciliation from Canada to the United States, reflecting its operational focus, with approximately 70% of its operations based in the U.S. [18]
Earnings Preview: TFI International Inc. (TFII) Q4 Earnings Expected to Decline
ZACKS· 2025-02-12 16:06
Core Viewpoint - The market anticipates TFI International Inc. (TFII) will report a year-over-year decline in earnings despite an increase in revenues when it releases its results for the quarter ended December 2024 [1] Earnings Expectations - TFI International is expected to post quarterly earnings of $1.59 per share, reflecting a year-over-year decrease of 7% [3] - Revenues are projected to reach $2.23 billion, which is a 13.3% increase from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised down by 1.92% over the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for TFI International is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.61% [10][11] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a favorable Zacks Rank [8] - TFI International currently holds a Zacks Rank of 5, which complicates the prediction of an earnings beat despite the positive Earnings ESP [11] Historical Performance - In the last reported quarter, TFI International was expected to earn $1.79 per share but only achieved $1.60, resulting in a surprise of -10.61% [12] - Over the past four quarters, the company has exceeded consensus EPS estimates twice [13] Conclusion - While TFI International does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [16]
TFI International to Release 2024 Fourth Quarter Results
GlobeNewswire· 2025-01-23 15:40
Group 1 - TFI International Inc. will release its financial results for Q4 2024 on February 19, 2025, after market close [1] - A webcast will be hosted by Alain Bédard, Chairman, President, and CEO, on February 20, 2025, at 8:30 AM Eastern Time to discuss the results [1][3] - TFI International operates in the transportation and logistics industry across the U.S., Canada, and Mexico, focusing on strategic acquisitions and efficiency [2] Group 2 - TFI International is publicly traded on the NYSE and TSX under the symbol TFII [2] - The company services various segments including Less-Than-Truckload, Truckload, and Logistics [4]