The revenue report at the TFI International (NYSE: TFII) Telecommunication Company defeated Wall Street estimation at the bottom, but almost every operational metric in its main LTL section, including US operations, which is former UPS, was lower than the second quarter of 2024.
But in the first moments of contact with the company’s revenue with analysts, CEO Alan pointed to the “strong” and “solid margin performance” figures. He also pointed to the successive improvement in the operational ratio in LTL operations. And Wall Street loved what he heard, with a close trade, raised TFI stocks by about 6.25 %.
Operational ratio (OR) in the US LTL in the second quarter reached 94 % from 94 % from 94.8 % in the quarter of 2024 to 94 %. Income of each hundred weights with the exception of fuel reached 2 % to $ 331.18.
In a statement prepared with revenue, TFI pointed to a clear point in US LTL operations that weight gain per shipment is more than 5 %. But the rest of the countdown was negative: a drop of 10.1 % in the number of cargoes and a 5.5 % reduction in the total level of cargoes measured in the ton.
Canadian LTL, an example of TFI management, has said it wants to imitate in the United States, or reduced to 80.6 % in OR or reduced 500 BPS. Income per 100 weights, with the exception of fuel, has fallen by 3.56 %.
The TFI truck cargo operation suffered the same type as shown in other revenue reports by truck transport companies. The revenue before the fuel was reduced by about 3.4 %, the modified EBITDA has declined slightly, but the income of each truck per week, with the exception of fuel, is only slightly reduced. Set up or in the truck of 110 BPS to 90.1 %.
The modified net income of the TFI $ 1.34 per share has fallen from $ 1.71 in the respective quarter last year. However, according to Seekingalpha, 11 cents were still better than predictions.
Total revenue of $ 1.8 billion decreased by 9.4 % compared to the previous year. According to Seekingalpha, it was $ 20 million less than Wall Street consensus.
With the end of Monday’s trading, TFI stocks declined by about 41.3 percent in the past 12 months before the market.
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