Announcement • Jun 30
TFI International Inc. to Report Q2, 2026 Results on Jul 27, 2026 TFI International Inc. announced that they will report Q2, 2026 results After-Market on Jul 27, 2026 Announcement • Jun 16
TFI International Inc. Announces Quarterly Dividend, Payable on July 15, 2026 The Board of Directors of TFI International Inc. declared a quarterly dividend of $0.47 per outstanding common share of its capital payable on July 15, 2026 to shareholders of record at the close of business on June 30, 2026. Announcement • Mar 31
TFI International Inc. to Report Q1, 2026 Results on Apr 27, 2026 TFI International Inc. announced that they will report Q1, 2026 results After-Market on Apr 27, 2026 Announcement • Mar 18
TFI International Inc. Announces Quarterly Dividend, Payable on April 15, 2026 TFI International Inc. declared a quarterly dividend of USD 0.47 per outstanding common share of its capital payable on April 15, 2026 to shareholders of record at the close of business on March 31, 2026. Announcement • Feb 24
TFI International Inc., Annual General Meeting, Apr 27, 2026 TFI International Inc., Annual General Meeting, Apr 27, 2026. Location: quebec, montreal Canada Announcement • Feb 18
TFI International Inc. Announces Board Changes TFI International Inc. announced the upcoming retirement of independent director André Bérard after 23 years on the Company’s Board. Mr. Bérard has stepped down from his position as Lead Director but will remain on the Board until the Company’s annual meeting on April 27, 2026. TFI also announced that existing Board member Diane Giard will become the Company’s new Lead Director. Ms. Giard has been an Independent Director of the Company since 2018 and has served as a member of the Audit Committee. She was a former Executive Vice-President of the National Bank of Canada and Senior Vice-President of Scotiabank. Ms. Giard serves on the Board of Bombardier Inc., was ranked among the Top 25 in Quebec’s financial industry seven times, and was named one of Canada’s Most Powerful Women by the Women’s Executive Network in 2014 and 2015. Announcement • Dec 16
TFI International Declares Quarterly Dividend, Payable on January 15, 2026 The Board of Directors of TFI International Inc. declared a quarterly dividend of USD 0.47 per outstanding common share of its capital payable on January 15, 2026 to shareholders of record at the close of business on December 31, 2025. As previously announced on October 30, 2025, the new quarterly dividend of USD 0.47 per outstanding common share represents a 4% increase over the previous quarterly dividend of USD 0.45 per outstanding common share. Announcement • Oct 31
TFI International Inc. Announces Quarterly Dividend, Payable on January 15, 2026 On October 30, 2025, TFI International Inc. approved an increase to the quarterly dividend to $0.47 per outstanding common share of the Company's capital, to be declared in December and payable on January 15, 2026, to shareholders of record at the close of business on December 31, 2025, for an expected aggregate amount of $38.7 million. Announcement • Oct 10
TFI International Inc. to Report Q3, 2025 Results on Oct 30, 2025 TFI International Inc. announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Announcement • Sep 16
TFI International Inc. Declares Quarterly Dividend, Payable on October 15, 2025 The Board of Directors of TFI International Inc. declared a quarterly dividend of USD 0.45 per outstanding common share of its capital payable on October 15, 2025 to shareholders of record at the close of business on September 30, 2025. Recent Insider Transactions • Aug 06
Independent Director recently bought Mex$2.7m worth of stock On the 30th of July, Debra Kelly-Ennis bought around 2k shares on-market at roughly Mex$1,666 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$48m more in shares than they have sold in the last 12 months. Announcement • Jul 08
TFI International Inc. to Report Q2, 2025 Results on Jul 28, 2025 TFI International Inc. announced that they will report Q2, 2025 results After-Market on Jul 28, 2025 Announcement • Jun 18
TFI International Declares Quarterly Dividend, Payable on July 15, 2025 The Board of Directors of TFI International Inc. declared a quarterly dividend of USD 0.45 per outstanding common share of its capital payable on July 15, 2025 to shareholders of record at the close of business on June 30, 2025. Announcement • Apr 04
TFI International Inc. to Report Q1, 2025 Results on Apr 23, 2025 TFI International Inc. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Announcement • Mar 20
Bragar Eagel & Squire, P.C. Files Class Action Lawsuit Against TFI International Inc Bragar Eagel & Squire, P.C announced that a class action lawsuit has been filed against TFI International Inc. in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired TFI securities between April 26, 2024 and February 19, 2025, both dates inclusive (the “Class Period”). Investors have until May 13, 2025 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material facts regarding TFI's business, operations, and prospects, including allegations that: (1) TFI was losing small and medium business customers; (2) as a result, the Company's TForce revenue was declining; (3) TFI was experiencing difficulties managing its costs; and (4) as a result of the foregoing, the profitability of its larger business segment was declining. Announcement • Mar 18
TFI International Inc. Declares Quarterly Dividend, Payable on April 15, 2025 The Board of Directors of TFI International Inc. declared a quarterly dividend of USD 0.45 per outstanding common share of its capital payable on April 15, 2025 to shareholders of record at the close of business on March 31, 2025. Announcement • Feb 25
TFI International Inc., Annual General Meeting, Apr 23, 2025 TFI International Inc., Annual General Meeting, Apr 23, 2025. Location: montreal, quebec Canada Announcement • Jan 23
TFI International Inc. to Report Q4, 2024 Results on Feb 19, 2025 TFI International Inc. announced that they will report Q4, 2024 results After-Market on Feb 19, 2025 Announcement • Oct 23
TFI International Inc. Announces the Retirement of Neil Manning as Independent Director TFI International Inc. announced the retirement of independent director Neil Manning after 11 years on the Company’s Board, effective October 22, 2024. Announcement • Oct 22
TFI International Inc. Approves Quarterly Dividend on Common Shares, Payable on January 15, 2025 On October 21, 2024, the Board of Directors of TFI International Inc. approved a quarterly dividend of $0.45 per outstanding common share of the Company’s capital, for an expected aggregate payment of $38.1 million to be paid on January 15, 2025, to shareholders of record at the close of business on December 31, 2024. Announcement • Oct 01
TFI International Inc. to Report Q3, 2024 Results on Oct 21, 2024 TFI International Inc. announced that they will report Q3, 2024 results After-Market on Oct 21, 2024 Announcement • Sep 17
TFI International Inc. Declares Quarterly Dividend on Common Shares, Payable on October 15, 2024 The Board of Directors of TFI International Inc. declared a quarterly dividend of $0.40 per outstanding common share of its capital payable on October 15, 2024 to shareholders of record at the close of business on September 30, 2024. Announcement • Jul 27
TFI International Inc. Provides Earnings Guidance for the Full Year 2024 TFI International Inc. provided earnings guidance for the full year 2024. For the period, the company expected EPS to be in the range of $6.75 to $7. Announcement • Jul 04
TFI International Inc. to Report Q2, 2024 Results on Jul 25, 2024 TFI International Inc. announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Announcement • Jun 18
TFI International Inc. Declares Quarterly Dividend on Common Shares, Payable on July 15, 2024 The Board of Directors of TFI International Inc. declared a quarterly dividend of $0.40 per outstanding common share of its capital payable on July 15, 2024 to shareholders of record at the close of business on June 28, 2024. Announcement • Apr 05
TFI International Inc. to Report Q1, 2024 Results on Apr 25, 2024 TFI International Inc. announced that they will report Q1, 2024 results After-Market on Apr 25, 2024 Announcement • Apr 02
TFI International Inc. (TSX:TFII) completed the acquisition of Daseke, Inc. (NasdaqCM:DSKE) from a group of shareholders. TFI International Inc. (TSX:TFII) entered into a definitive agreement to acquire Daseke, Inc. (NasdaqCM:DSKE) from a group of shareholders for approximately $410 million on December 22, 2023. Subject to the terms of the agreement, Daseke common stockholders will receive $8.30 per share in cash. The total enterprise value of the transaction is approximately $1.1 billion, including the merger consideration for the common stock, retirement of Daseke’s outstanding preferred stock, payoff or assumption of outstanding debt, net of cash, and estimated transaction fees and expenses. Upon closing of the transaction, Daseke’s common stock will no longer be listed on any stock exchange, and Daseke will operate its portfolio of brands as part of TFI International’s Truckload segment. In the event of termination, Daseke, Inc. will be obligated to pay $12.45 million as a termination fee to TFI International.
The transaction is subject to Daseke common stockholder approval, regulatory approvals, expiration or termination of waiting period under the Sherman Act of 1890, the Clayton Act of 1914, the Federal Trade Commission Act of 1914, the HSR Act and all other federal, state, foreign, national or supranational Laws or Orders and other customary closing conditions. Closing is not subject to any financing condition. The merger agreement has been unanimously approved by the Boards of Directors of TFI International and Daseke. The transaction is expected to close during the second quarter of 2024. Management expects the transaction to be EPS-neutral to TFI International in 2024, and accretive by at least $0.5 per share in 2025 based on current market conditions.
J.P. Morgan Securities LLC acted as exclusive financial advisor as well as fairness opinion provider and Jennifer Gasser, David Feirstein, Douglas Bacon, Lanchi Huynh and Stephen Jacobson of Kirkland & Ellis LLP acted as legal advisors to Daseke. Mark Scudder and Heidi Hornung-Scherr of Scudder Law Firm, P.C., L.L.O. served as TFI International’s legal advisor in connection with the transaction. J.P. Morgan Securities LLC acted as due diligence provider to Daseke. Continental Stock Transfer & Trust Company acted as transfer agent to Daseke. Daseke has retained D.F. King & Co., Inc. as its proxy solicitor for a fee not to exceed $20,000 plus reimbursement of its reasonable, out-of-pocket expenses for its services. or services rendered in connection with the Merger and the delivery of its opinion, Daseke has agreed to pay J.P. Morgan a fee of approximately $17.8 million, of which $5 million became payable upon delivery of the opinion and the remainder of which is contingent and payable upon the closing of the Merger.
TFI International Inc. (TSX:TFII) completed the acquisition of Daseke, Inc. (NasdaqCM:DSKE) from a group of shareholders on April 1, 2024. Announcement • Mar 20
TFI International Declares Quarterly Dividend, Payable on April 15, 2024 The Board of Directors of TFI International Inc. declared a quarterly dividend of $0.40 per outstanding common share of its capital payable on April 15, 2024 to shareholders of record at the close of business on March 28, 2024. Announcement • Mar 12
TFI International Inc. (TSX:TFII) acquired Hercules Forwarding Inc. TFI International Inc. (TSX:TFII) acquired Hercules Forwarding Inc. on March 11, 2024. As of March 11, 2024, Hercules Forwarding Inc. reported a revenue of approximately $100 million for the year ended December 31, 2023.
TFI International Inc. (TSX:TFII) completed the acquisition of Hercules Forwarding Inc. on March 11, 2024. Announcement • Feb 17
TFI International Inc., Annual General Meeting, Apr 25, 2024 TFI International Inc., Annual General Meeting, Apr 25, 2024. Announcement • Jan 19
TFI International Inc. to Report Q4, 2023 Results on Feb 08, 2024 TFI International Inc. announced that they will report Q4, 2023 results After-Market on Feb 08, 2024 Announcement • Dec 24
TFI International Inc. (TSX:TFII) entered into a definitive agreement to acquire Daseke, Inc. (NasdaqCM:DSKE) for approximately $400 million. TFI International Inc. (TSX:TFII) entered into a definitive agreement to acquire Daseke, Inc. (NasdaqCM:DSKE) for approximately $400 million on December 22, 2023. Subject to the terms of the agreement, Daseke common stockholders will receive $8.30 per share in cash. The total enterprise value of the transaction is approximately $1.1 billion, including the merger consideration for the common stock, retirement of Daseke’s outstanding preferred stock, payoff or assumption of outstanding debt, net of cash, and estimated transaction fees and expenses. Upon closing of the transaction, Daseke’s common stock will no longer be listed on any stock exchange, and Daseke will operate its portfolio of brands as part of TFI International’s Truckload segment.
The transaction is subject to Daseke common stockholder approval, regulatory approvals and other customary closing conditions. Closing is not subject to any financing condition. The merger agreement has been unanimously approved by the Boards of Directors of TFI International and Daseke. The transaction is expected to close during the second quarter of 2024. Management expects the transaction to be EPS-neutral to TFI International in 2024, and accretive by at least $0.5 per share in 2025 based on current market conditions. J.P. Morgan Securities LLC acted as exclusive financial advisor and Jennifer Gasser, David Feirstein, Douglas Bacon, Lanchi Huynh and Stephen Jacobson of Kirkland & Ellis LLP acted as legal advisors to Daseke. Scudder Law Firm, P.C., L.L.O. served as TFI International’s legal advisor in connection with the transaction. Announcement • Dec 19
TFI International Inc. Declares Quarterly Dividend, Payable on January 15, 2024 TFI International Inc. declared a quarterly dividend of USD 0.40 per outstanding common share of its capital payable on January 15, 2024 to shareholders of record at the close of business on December 29, 2023. Announcement • Oct 05
TFI International Inc. to Report Q3, 2023 Results on Oct 02, 2023 TFI International Inc. announced that they will report Q3, 2023 results on Oct 02, 2023 Announcement • Sep 19
TFI International Inc. Declares Quarterly Dividend, Payable on October 16, 2023 The Board of Directors of TFI International Inc. declared a quarterly dividend of USD 0.35 per outstanding common share of its capital payable on October 16, 2023 to shareholders of record at the close of business on September 29, 2023. Announcement • Sep 06
TFI International Inc. (TSX:TFII) acquired The Vedder Transportation Group. TFI International Inc. (TSX:TFII) acquired The Vedder Transportation Group on September 5, 2023. Vedder generates annual revenues in excess of CAD 80 million. Run by President Fred Zweep, Vedder will join TFI International’s Specialized Truckload business segment.
TFI International Inc. (TSX:TFII) completed the acquisition of The Vedder Transportation Group on September 5, 2023. Announcement • Aug 18
TFI International Inc. (TSX:TFII) acquired JHT Holdings, Inc. TFI International Inc. (TSX:TFII) agreed to acquire JHT Holdings, Inc. on August 7, 2023. JHT Holdings, Inc. is generating annual revenues of more than US $500 million. Chief Executive Officer John Harrington and his team will join TFI International Inc. The transaction is subject to customary closing adjustments and is expected to close during the third quarter 2023.
TFI International Inc. (TSX:TFII) completed the acquisition of JHT Holdings, Inc. on August 16, 2023. Morgan Stanley acted as financial advisor to JHT Holdings, Inc. Announcement • Aug 09
TFI International Inc. (TSX:TFII) has agreed to acquire JHT Holdings, Inc. TFI International Inc. (TSX:TFII) has agreed to acquire JHT Holdings, Inc. on August 7, 2023. JHT Holdings, Inc. is generating annual revenues of more than US $500 million. Chief Executive Officer John Harrington and his team will join TFI International Inc. The transaction is subject to customary closing adjustments and is expected to close during the third quarter 2023. Announcement • Jul 28
TFI International Inc. Appoints Sébastien Martel to its Board of Directors, Effective July 31, 2023 TFI International Inc. announced that Sébastien Martel will join its Board of Directors, effective July 31, 2023. Mr. Martel is the Chief Financial Officer of BRP Inc. He has been with BRP for nearly 20 years, serving as CFO since 2014. A registered CPA, Mr. Martel holds a Bachelor degree in Accountancy from McGill University. Announcement • Jul 14
TFI International Inc. (TSX:TFII) completed the acquisition of Siemens Transportation Group Inc. from the family. TFI International Inc. (TSX:TFII) agreed to acquire Siemens Transportation Group Inc. from the family on May 1, 2023. STG generated approximately CAD 150 million of revenue. STG’s Doug Siemens will continue to manage the business as part of TFI’s Less-ThanTruckload segment, reporting to Executive Vice-President Chris Traikos. The transaction is subject to regulatory approval.TFI International Inc. (TSX:TFII) completed the acquisition of Siemens Transportation Group Inc. from the family on July 13, 2023. Announcement • Jul 12
TFI International Inc. to Report Q2, 2023 Results on Jul 31, 2023 TFI International Inc. announced that they will report Q2, 2023 results After-Market on Jul 31, 2023 Announcement • Jun 16
TFI International Inc. Declares Quarterly Dividend, Payable on July 17, 2023 The Board of Directors of TFI International Inc. declared a quarterly dividend of USD 0.35 per outstanding common share of its capital payable on July 17, 2023 to shareholders of record at the close of business on June 30, 2023. Announcement • Feb 09
TFI International Inc. Provides Earnings Guidance for the Year 2023 TFI International Inc. provided earnings guidance for the year 2023. For the year, the group expect $7.50 to $7.60 of earnings per share. Reported Earnings • Feb 08
Full year 2022 earnings released: EPS: US$9.21 (vs US$7.14 in FY 2021) Full year 2022 results: EPS: US$9.21 (up from US$7.14 in FY 2021). Revenue: US$8.81b (up 22% from FY 2021). Net income: US$823.2m (up 24% from FY 2021). Profit margin: 9.3% (up from 9.2% in FY 2021). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Transportation industry in South America. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 14
TFI International Inc. to Report Q4, 2022 Results on Feb 06, 2023 TFI International Inc. announced that they will report Q4, 2022 results After-Market on Feb 06, 2023 Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$2.78 (vs US$1.43 in 3Q 2021) Third quarter 2022 results: EPS: US$2.78 (up from US$1.43 in 3Q 2021). Revenue: US$2.24b (up 7.1% from 3Q 2021). Net income: US$245.2m (up 85% from 3Q 2021). Profit margin: 11% (up from 6.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Transportation industry in South America are expected to grow by 22%. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$3.05 (vs US$2.69 in 2Q 2021) Second quarter 2022 results: EPS: US$3.05 (up from US$2.69 in 2Q 2021). Revenue: US$2.42b (up 32% from 2Q 2021). Net income: US$276.8m (up 10% from 2Q 2021). Profit margin: 11% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.2%, compared to a 109% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 24% share price gain to Mex$1,860, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Transportation industry in South America. Total returns to shareholders of 234% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$3,497 per share. Upcoming Dividend • Jun 22
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Mexican dividend payers (5.8%). Lower than average of industry peers (2.8%). Recent Insider Transactions • May 30
Independent Director recently sold Mex$466k worth of stock On the 25th of May, Richard Guay sold around 300 shares on-market at roughly Mex$1,552 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$22m. Insiders have been net sellers, collectively disposing of Mex$24m more than they bought in the last 12 months. Recent Insider Transactions • May 04
President recently bought Mex$5.0m worth of stock On the 2nd of May, Alain Bedard bought around 3k shares on-market at roughly Mex$1,645 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Alain has been a net seller over the last 12 months, reducing personal holdings by Mex$16m. Reported Earnings • May 03
First quarter 2022 earnings released: EPS: US$1.61 (vs US$0.72 in 1Q 2021) First quarter 2022 results: EPS: US$1.61 (up from US$0.72 in 1Q 2021). Revenue: US$2.19b (up 91% from 1Q 2021). Net income: US$147.7m (up 121% from 1Q 2021). Profit margin: 6.7% (up from 5.8% in 1Q 2021). Over the next year, revenue is forecast to grow 7.2%, compared to a 29% growth forecast for the industry in Mexico. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Mex$1,735, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Transportation industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,926 per share. Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$7.14 (up from US$3.09 in FY 2020). Revenue: US$7.22b (up 91% from FY 2020). Net income: US$664.4m (up 141% from FY 2020). Profit margin: 9.2% (up from 7.3% in FY 2020). Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 18%, compared to a 31% growth forecast for the industry in Mexico. Recent Insider Transactions • Mar 12
Independent Director recently sold Mex$643k worth of stock On the 4th of March, Richard Guay sold around 300 shares on-market at roughly Mex$2,144 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$3.8m more than they bought in the last 12 months. Recent Insider Transactions • Mar 10
Independent Director recently sold Mex$643k worth of stock On the 4th of March, Richard Guay sold around 300 shares on-market at roughly Mex$2,144 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$3.8m more than they bought in the last 12 months. Recent Insider Transactions • Feb 26
President recently bought Mex$1.3m worth of stock On the 23rd of February, Alain Bedard bought around 635 shares on-market at roughly Mex$2,063 per share. This was the largest purchase by an insider in the last 3 months. Alain has been a buyer over the last 12 months, purchasing a net total of Mex$3.9m worth in shares. Recent Insider Transactions • Feb 18
President recently bought Mex$55m worth of stock On the 14th of February, Alain Bedard bought around 25k shares on-market at roughly Mex$2,186 per share. This was the largest purchase by an insider in the last 3 months. Alain has been a buyer over the last 12 months, purchasing a net total of Mex$57m worth in shares. Reported Earnings • Feb 10
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$7.14 (up from US$3.09 in FY 2020). Revenue: US$7.22b (up 91% from FY 2020). Net income: US$664.4m (up 141% from FY 2020). Profit margin: 9.2% (up from 7.3% in FY 2020). Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 17%, compared to a 27% growth forecast for the industry in Mexico. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Mex$1,910, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Transportation industry in South America. Total returns to shareholders of 94% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,751 per share. Reported Earnings • Nov 02
Third quarter 2021 earnings released: EPS US$1.43 (vs US$0.91 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$2.09b (up 124% from 3Q 2020). Net income: US$132.8m (up 60% from 3Q 2020). Profit margin: 6.3% (down from 8.9% in 3Q 2020). Executive Departure • Aug 26
Independent Director Lucien Bouchard has left the company On the 23rd of August, Lucien Bouchard's tenure as Independent Director ended after 13.7 years in the role. We don't have any record of a personal shareholding under Lucien's name. Lucien is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.33 years. Recent Insider Transactions • Aug 06
Independent Director recently sold Mex$6.7m worth of stock On the 3rd of August, Richard Guay sold around 3k shares on-market at roughly Mex$2,237 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$4.2m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 15% share price gain to US$2,247, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Transportation industry in South America. Total returns to shareholders of 138% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,624 per share. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS US$2.69 (vs US$0.58 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.84b (up 130% from 2Q 2020). Net income: US$251.1m (up 398% from 2Q 2020). Profit margin: 14% (up from 6.3% in 2Q 2020). Upcoming Dividend • Jun 22
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 July 2021. Trailing yield: 1.0%. Lower than top quartile of Mexican dividend payers (5.1%). Lower than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 18% share price gain to US$1,795, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Transportation industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,888 per share. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS US$0.72 (vs US$0.63 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: US$1.15b (up 31% from 1Q 2020). Net income: US$66.9m (up 25% from 1Q 2020). Profit margin: 5.8% (down from 6.1% in 1Q 2020). Announcement • Apr 28
TFI International Inc. Declares Dividend for the First Quarter of 2021, Payable on July 15, 2021 TFI International Inc. declared $21.4 million in dividends, or $0.23 per common share, in the first quarter of 2021. The Board of Directors approved a quarterly dividend of $0.23 per outstanding common share of the Company's capital, for an expected aggregate payment of $21.4 million to be paid on July 15, 2021 to shareholders of record at the close of business on June 30, 2021. Announcement • Mar 16
TFI International Declares Quarterly Dividend, Payable on April 15, 2021 The Board of Directors of TFI International Inc. declared a quarterly dividend of USD 0.23 per outstanding common share of its capital payable on April 15, 2021 to shareholders of record at the close of business on March 31, 2021. Recent Insider Transactions • Mar 10
President recently bought Mex$369k worth of stock On the 8th of March, Alain Bedard bought around 235 shares on-market at roughly Mex$1,570 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$1.5m. Alain has been a buyer over the last 12 months, purchasing a net total of Mex$693k worth in shares. Announcement • Feb 20
TFI International Inc., Annual General Meeting, Apr 27, 2021 TFI International Inc., Annual General Meeting, Apr 27, 2021. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 17% share price gain to US$1,575, the stock is trading at a trailing P/E ratio of 24.7x, up from the previous P/E ratio of 21x. This compares to an average P/E of 40x in the Transportation industry in South America. Recent Insider Transactions • Feb 13
Independent Director recently sold Mex$1.6m worth of stock On the 11th of February, Richard Guay sold around 1k shares on-market at roughly Mex$1,556 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought Mex$2.4m more than they sold in the last 12 months. Analyst Estimate Surprise Post Earnings • Feb 10
Revenue misses expectations Revenue missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 65%, compared to a 17% growth forecast for the Transportation industry in Mexico. Reported Earnings • Feb 10
Full year 2020 earnings released: EPS US$3.09 (vs US$3.00 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$3.78b (down 5.3% from FY 2019). Net income: US$275.7m (up 10% from FY 2019). Profit margin: 7.3% (up from 6.3% in FY 2019). The increase in margin was driven by lower expenses. Announcement • Feb 02
TFI International Inc. (TSX:TFII) acquired Fleetway Transport Inc. TFI International Inc. (TSX:TFII) acquired Fleetway Transport Inc on February 1, 2021. Upon completion, Fleetway will operate as a standalone business unit within TFI International’s Specialized Truckload segment and will be led by David Rees and Scott Walker. The annualized revenue generated by Fleetway is CAD 25 million.
TFI International Inc. (TSX:TFII) completed the acquisition of Fleetway Transport Inc on February 1, 2021. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 35% share price gain to CA$1,344, the stock is trading at a trailing P/E ratio of 21.9x, up from the previous P/E ratio of 16.2x. This compares to an average P/E of 37x in the Transportation industry in South America. Announcement • Jan 26
TFI International Inc. to Report Q4, 2020 Results on Feb 08, 2021 TFI International Inc. announced that they will report Q4, 2020 results After-Market on Feb 08, 2021 Upcoming Dividend • Dec 23
Upcoming Dividend of CA$0.29 Per Share Will be paid on the 15th of January to those who are registered shareholders by the 30th of December. The trailing yield of 1.8% is below the top quartile of Mexican dividend payers (5.3%), but it is higher than industry peers (1.3%). Announcement • Nov 03
TFI International Inc. (TSX:TFII) completed the acquisition of DLS Worldwide logistics business from R. R. Donnelley & Sons Company (NYSE:RRD) and RR Donnelley Logistics Services Worldwide, Inc. for approximately $230 million. TFI International Inc. (TSX:TFII) entered into an asset purchase agreement to acquire DLS Worldwide logistics business from R. R. Donnelley & Sons Company (NYSE:RRD) and RR Donnelley Logistics Services Worldwide, Inc. for approximately $230 million on September 14, 2020. The consideration will be paid in cash subject to a customary working capital adjustment and an escrow of $22.5 million. The purchase price and the closing date cash payment shall be reduced by the aggregate amount of all indebtedness. The transaction shall not include the international mail and parcel solutions business. The acquired business will operate standalone within TFI International’s Logistics segment under its new name, TForce Worldwide Inc. or TFWW. The sale price is equal to approximately nine times DLS Worldwide’s EBITDA for the 12 months ended June 30, 2020. DLS Worldwide reported net sales, excluding intercompany transactions, of approximately $530 million for the 12 months ended June 30, 2020.
The transaction is subject to execution and delivery of certain closing agreements and certificates, filings pursuant to the HSR Act, if any, having been made and the applicable waiting period and any extensions thereof having been expired or been terminated and receipt of required regulatory approvals. As of September 30, 2020, Federal Trade Commission granted an early termination notice of antitrust approval waiting period. The transaction has received regulatory approval. The transaction is expected to close within the next 60 days. As of October 22, 2020 the transaction is expected to close in the fourth quarter. As of October 26, 2020, the transaction is expected to close early November 2020. As of October 28, 2020, the transaction is expected to close by the end of the year. R. R. Donnelley & Sons Company intends to use a portion of the proceeds from the transaction to reduce its borrowings under its credit facility and the remainder will be held temporarily as cash on hand until such time as R. R. Donnelley & Sons Company decides to further reduce outstanding borrowings on its credit facility and/or repurchase additional near term debt securities. Credit Suisse Securities (USA) LLC acted as the financial advisor and Adam Skilken of Baker & Hostetler LLP acted as legal advisor for R. R. Donnelley & Sons Company and RR Donnelley Logistics Services Worldwide, Inc.
TFI International Inc. (TSX:TFII) completed the acquisition of DLS Worldwide logistics business from R. R. Donnelley & Sons Company (NYSE:RRD) and RR Donnelley Logistics Services Worldwide, Inc. on November 2, 2020. 
