TFI International Reports First Quarter 2026 Results

Source: TFI International

TFI International has released its financial results for the first quarter ended March 31, 2026, reporting total revenue of US$1.95 billion, compared with US$1.96 billion in the same quarter last year.

Operating income reached US$96.6 million, down from US$114.6 million in the first quarter of 2025. Net income stood at US$43.3 million, compared with US$56.0 million a year earlier. Adjusted net income was US$57.2 million, compared with US$64.2 million in Q1 2025.

Diluted earnings per share were US$0.53, while adjusted diluted EPS came in at US$0.69, compared with US$0.76 in the same period last year.

Despite softer market demand and challenging weather conditions early in the quarter, TFI said it exceeded its earnings expectations, supported by stronger profitability in its truckload and logistics segments.

Alain Bédard, Chairman, President and CEO of TFI International, said the company’s strategic acquisitions made during the freight downturn are beginning to improve operational results.

Operating income increased 14% in truckload and 10% in logistics, while less-than-truckload declined 35%.

Cash flow from operating activities reached US$121.5 million, compared with US$193.6 million last year. TFI’s board also approved a quarterly dividend of US$0.47 per share, a 4% increase year over year.

For the second quarter of 2026, TFI expects adjusted diluted EPS between US$1.50 and US$1.60.