TFI International posts record Q1 results

by Truck News

MONTREAL, Que. – It was a record first quarter for TFI International, which posted a profit of $65.1 million, up sharply from a $48.2 million profit during the same quarter last year.

It achieved record operating income of $106.3 million, a 41% spike year-over-year.

“This year is off to a strong start at TFI International, continuing our momentum that grew throughout 2018,” said Alain Bedard, chairman, president and CEO. “We produced record first quarter results due to our relentless focus on strong execution and profitable growth, regardless of the economic cycle.”

All segments performed strongly, Bedard added, but logistic and last mile saw a 5% decline in revenue y-o-y. Operating income was higher across all segments.

Total revenue was $1.23 billion, a 3% increase from Q1 2018. Net cash flow from operating activities was $160.7 million, up 178% from Q1 2018.

“For the remainder of the year, as always, our focus will be on creating and unlocking shareholder value, and returning excess capital to shareholders wherever possible,” Bedard said.


Have your say


This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*

  • Yeah keep on making those share buybacks at the highs to inflate the share price and boost those earnings per share ,lol

    Now ain’t that a nice form of manipulation ,cough , I mean ” a great financial engineering tool ” ……….

    Now let’s see if insiders will be selling again two days after financial results have been released .

    https://www.forbes.com/sites/aalsin/2017/02/28/shareholders-should-be-required-to-vote-on-stock-buybacks/#29897ac26b1e

    On another note :

    This may be of interest for a “certain” few :
    https://www.canadianinsider.com/blog/2018-d%C3%A9j%C3%A0-vu

    Heed the warning , in my humble opinion ………..

    Reply