Business
TransForce Announces 2013 First Quarter Results
Total revenue of $749.7 million, compared with $788.2 million last year EBIT margin ...
About this update from Tfi International Inc.
[{"type":"text","content":"\n\n\n\n\n\n\nTotal revenue of $749.7 million, compared with $788.2 million last year\n\n\nEBIT margin stable at 5.9% of total revenue\n\n\nAdjusted EPS of $0.26 per share, up from $0.25 per share a year ago\n\n\n\nFurther profitability improvement in the Package and Courier segment\n\n\n\n\n\nMONTREAL, April 18, 2013 /CNW Telbec/ - TransForce Inc. (TSX: TFI), a\n North American leader in the transportation and logistics industry,\n today announced its results for the first quarter ended March 31, 2013.\n\n\n\"First-quarter results reflect persistent softness in certain key\n sectors of the North American economy and more normal seasonal demand\n patterns in 2013 compared with last year. Still, our constant drive to\n maximize efficiency allowed for stable EBIT margin and adjusted net\n income, key performance metrics for TransForce, during the quarter,\"\n said Alain Bédard, Chairman, President and Chief Executive Officer of\n TransForce.\n\n\n\n\n\n\n\n \n\n\n\n\nFinancial highlights\n\n\nQuarters ended March 31, \n\n\n\n\n(in millions of dollars, except per share data)\n\n\n            2013\n\n\n \n\n\n2012 \n\n\n\n\nTotal revenue\n\n\n749.7\n\n\n \n\n\n788.2\n\n\n\n\nRevenue excluding fuel surcharge\n\n\n671.0\n\n\n \n\n\n707.5\n\n\n\n\nIncome from operating activities (EBIT1)\n\n\n44.6\n\n\n \n\n\n47.4 \n\n\n\n\nFree cash flow2\n\n\n26.5\n\n\n \n\n\n38.3 \n\n\n\n\nAdjusted net income3\n\n\n24.4\n\n\n \n\n\n24.7 \n\n\n\n\n \n\n\nPer share - diluted ($)\n\n\n0.26\n\n\n \n\n\n0.25 \n\n\n\n\nNet income\n\n\n18.9\n\n\n \n\n\n30.2 \n\n\n\n\n \n\n\nPer share - diluted ($)\n\n\n0.20\n\n\n \n\n\n0.31 \n\n\n\n\nWeighted average shares outstanding ('000s)\n\n\n92,842\n\n\n \n\n\n95,589\n\n\n\n\n1 Earnings before finance income and costs and income taxes.\n2 Net cash from operating activities less additions to property and\n equipment plus proceeds from sale of property and equipment.\n3 Excluding the after-tax effect of changes in the fair value of\n derivatives and net foreign exchange gain or loss.\n\n\n\n\n\n\"On the operating front, Package and Courier margins further improved\n driven by continuous efficiency gains that more than offset a loss at\n Velocity Express, w...