Financial PerformanceTFI International (TFII) posted 2Q24 adjusted EPS of $1.71, up 7% year-over-year, above the $1.64 estimate and Street’s $1.62 estimate.
Mergers And AcquisitionsWith an estimated $900 million of annual free cash flow and an under-levered balance sheet, TFII is likely to be active in mergers and acquisitions.
Strategic InitiativesTFII has several levers to mitigate the slowing demand environment including self-help cost improvement opportunities in U.S. Less-than-Truckload, revenue quality enhancement initiatives, and M&A/buybacks.