Tfi International Inc ( (TFII) ) has released its Q4 earnings. Here is a breakdown of the information Tfi International Inc presented to its investors.
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TFI International Inc., a prominent player in the North American transportation and logistics sector, specializes in Less-Than-Truckload, Truckload, and Logistics services across the United States, Canada, and Mexico. The company is publicly traded on the NYSE and TSX under the symbol TFII.
For the fourth quarter and full year 2024, TFI International reported a decline in operating income and net income compared to the previous year, amidst challenging market conditions. Despite these challenges, the company achieved a significant increase in total revenue due in part to strategic acquisitions.
Key financial metrics for the fourth quarter show a decrease in operating income to $160.2 million from $198.3 million, and net income down to $88.1 million from $131.4 million the previous year. Total revenue for the year rose to $8.40 billion from $7.52 billion in 2023, largely driven by the acquisition of Daseke, which substantially boosted the Truckload segment’s performance.
Looking ahead, TFI International is focused on maintaining strong cash flow and making strategic investments, even as it faces reduced freight volumes. The company has announced a 13% increase in its quarterly dividend and plans to pursue re-domiciliation to the United States, reflecting its significant U.S.-based operations and shareholder base.
