TFI International earns US$88.1 million in fourth quarter
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Hey there, time traveller!
This article was published 19/02/2025 (402 days ago), so information in it may no longer be current.
TFI International Inc. says it earned US$88.1 million dollars in its fourth quarter, down from US$131.4 million a year earlier.
The company says revenues were US$2.1 billion, up from US$2.0 billion during the fourth quarter of 2023.
Earnings per diluted share were US$1.03, down from US$1.53.
TFI says the higher revenue came primarily from acquisitions, and was offset by reduced volumes driven by weaker end-market demand.
It says total revenue for the truckload segment increased 64 per cent due primarily to its acquisition of Daseke.
Earnings for the full financial year declined to US$422.5 million, while revenues rose to US$8.4 billion.
This report by The Canadian Press was first published Feb. 19, 2025.
Companies in this story: (TSX:TFII)