Business
TFI International Announces 2024 Fourth Quarter and Full-Year Results
Fourth quarter operating income of $160.2 million compares to $198.3 million in the same prior ye...
About this update from Tfi International Inc.
[{"type":"text","content":"TFI International Announces 2024 Fourth Quarter and Full-Year Results\n\n\n\n\n\n Fourth quarter operating income of $160.2 million compares to $198.3 million in the same prior year quarter\n \n\n\n\n Fourth quarter net income of $88.1 million compares to $131.4 million in Q4 2023, while adjusted net income\n \n\n\n 1\n \n\n\n of $101.8 million compares to $147.0 million in Q4 2023\n \n\n\n\n Fourth quarter diluted earnings per share (diluted “EPS”) of $1.03 compares to $1.53 in Q4 2023, while adjusted diluted EPS\n \n\n\n 1\n \n\n\n of $1.19 compares to $1.71 in Q4 2023\n \n\n\n\n Fourth quarter net cash from operating activities $266.6 million compares to $302.6 million in Q4 2023, while free cash flow\n \n\n\n 1\n \n\n\n of $211.8 million compares to $243.8 million in Q4 2023\n \n\n\n\n The Board of Directors approved a $0.45 quarterly dividend, an increase of 13%\n \n\n\n\n TFI intends to Pursue Re-Domiciliation to United States\n \n\n\n\n MONTREAL, Feb. 19, 2025 (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 fourth quarter and full year ended December 31, 2024. All amounts are shown in U.S. dollars.\n \n\n “Amidst ongoing challenging conditions, TFI International’s solid performance continued through the final quarter of 2024. We generated more than $260 million of net cash from operating activities and over $200 million of free cash flow, bringing our full-year free cash flow to more than $750 million for a third year in a row,” said Alain Bédard, Chairman, President and Chief Executive Officer. “We reinforced our firm financial footing by reducing debt, and executed targeted bolt-on acquisitions during and subsequent to the quarter, as well as additional share repurchases following the October renewal of our normal course issuer bid. We were also pleased to declare a 13% increase to our quarterly dividend in December. Looking ahead into 2025, the skilled men and women of TFI International are intensely focused on continued strong execution in our mission to generate robust free cash flow and make strategic investments, especially during periods of reduced freight volumes, all while returning meaningful capital to shareholders and building long-term value...