TFI International Inc. (TFII) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

conference call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question and answer session. Callers will be limited to one question and a follow-up. Again, that's one question and a follow-up so that we can get to as many callers as possible. Further instructions for entering the queue will be provided at that time. Please be advised that this conference call will contain statements that are forward-looking in nature and subject to a number of risks and uncertainties that could cause actual results to differ materially. I would also like to remind everyone that this conference call is being recorded on April 24, 2025. Joining us on today's call are Elaine Bedard, Chairman, President, and Chief Executive Officer, and David Saperstein, Chief Financial Officer. I'll now turn the call over to Elaine Bedard. Please go ahead, sir. All right. Well, thank you. Thanks for that, operator, and we appreciate everyone being on our call today. After market close yesterday, we reported our quarterly results amidst continued economic uncertainty and the resulting slowdown in freight volume across the industry. Despite cyclical challenges, we're pleased to have again generated strong free cash flow of over 190 million. which, as you've heard me say many times, is a primary focus of ours. Over time, it's this free cash flow that allows us to maintain a strong balance sheet and strategically invest in both organic growth and attractive M&A, while returning excess capital to shareholders whenever possible. Taking a look at our consolidated results, we generated total revenue before fuel surcharge of $1.7 billion, up from $1.6 billion a year earlier, supported by the Dasky acquisition a year ago this month. The industry-wide slump...