TFI International Announces 2026 Third Quarter Results
Key Highlights
- ➤Adjusted diluted EPS $1.67, up 39% from $1.20 in Q3 2025
- ➤Operating income $180.0 million, up 17% year over year
- ➤Truckload operating income surged 91% to $100.2 million
- ➤Q4 2026 adjusted diluted EPS expected between $1.30 and $1.40
- ➤Free cash flow fell to $116.4 million from $199.4 million
- ➤Quarterly dividend increased 4% to $0.47 per share
Expert Statements
Alain Bédard, Chairman, President and Chief Executive Officer of TFI International
“Through our talented team’s impressive efforts we again generated a sub-90 firmwide operating ratio which, along with a remarkably strong performance from our Truckload operations, helped TFI International record 17% operating income growth and nearly 40% adjusted EPS growth. These results are a direct reflection of our initiatives in recent years to strategically invest and pursue attractive M&A, resulting in a superior focus on specialized freight with industrial end market diversification across multiple modes of transportation.”
Alain Bédard, Chairman, President and Chief Executive Officer of TFI International
“Our Truckload performance is particularly gratifying, with double digit top line growth despite fewer trucks and operating income that nearly doubled. Our Logistics segment was also very strong, with operating income up nearly 60% and a 15% return on invested capital, while our pricing initiatives within LTL began to benefit results late in the quarter and into October. Overall, TFI International has now produced $440 million of year-to-date free cash flow, improving our leverage ratio both sequentially and year-over-year, all while rewarding our shareholders with the return of excess capital. This solid financial foundation will allow us to remain highly strategic going forward regardless of the cycle, in our drive to further enhance shareholder value.”
* Operating income increased 17% to $180.0 million from $153.3 million in the same prior year quarter * Net income increased 25% to $105.7 million from $84.7 million in Q3 2025, while adjusted net income(1 ) increased 38% to $137.3 million from $99.1 million in Q3 2025 * Diluted earnings per share (diluted “EPS”) increased 25% to $1.28 from $1.02 in Q3 2025, while adjusted diluted EPS(1) increased 39% to $1.67 from $1.20 in Q3 2025 * Net cash from operating activities of $235.2 million compares to $255.4 million in Q3 2025, while free cash flow(1 )of $116.4 million compared to $199.4 million in Q3 2025 * The Board of Directors approved a $0.47 quarterly dividend, an increase of 4% over the prior year period MONTREAL, Oct. 29, 2026 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced its results for the third quarter ended September 30, 2026. All amounts are shown in U.S. dollars.
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