TFI International Q3 adjusted net income misses estimates
TFII•TFI International’s third-quarter revenue rose 13% year over year to $2.23 billion, while adjusted net income of $137.3 million missed the $145.05 million analyst estimate. The company raised its quarterly dividend by 4% and expects fourth-quarter adjusted diluted EPS of $1.30 to $1.40.
1. Quarterly results
TFI International reported third-quarter revenue of $2.23 billion, up 13% year over year, and adjusted net income of $137.3 million, below the $145.05 million estimate from eight analysts. Net income was $105.7 million and EPS was $1.28.
2. Segment performance
The company said Truckload revenue grew by double digits and operating income nearly doubled despite fewer trucks. Logistics revenue rose 22%, while operating income increased nearly 60%; the segment reported a 15% return on invested capital. TFI attributed revenue growth to acquisitions and improved market conditions.
3. Outlook and dividend
TFI expects fourth-quarter 2026 adjusted diluted EPS of $1.30 to $1.40 and 2026 net capital expenditures, excluding real estate, of $225 million to $250 million. It anticipates adjusted operating ratio improvement in Truckload and Logistics and a decline in LTL, and raised its quarterly dividend by 4% over the prior-year period.
