By Adriano Marchese
TFI International shares fell Wednesday after the company reported lower income and revenue in the fourth quarter due to softer demand.
Shares trading in Toronto were down 6.6% to 154.00 Canadian dollars ($112.92).
The Montreal-based freight and logistics operator said net income declined to $71.7 million, or 87 cents a share, from $88.1 million, or $1.03 a share, in the comparable quarter a year ago.
Fourth-quarter adjusted earnings were $1.09 a share, above its guidance for 80 cents to 90 cents. According to FactSet, analysts were expecting 86 cents a share.
Total revenue fell to $1.91 billion from $2.08 billion, and just below analyst forecasts of $1.92 billion.
TFI said the decline mainly reflected lower sales volumes caused by softer customer demand, partly offset by contributions from recent acquisitions.
For the first quarter, the company expects adjusted EPS of 50 cents to 60 cents, while analysts expect 78 cents.
Full-year net capital expenditures excluding real estate are expected to be between $225 million and $250 million, TFI said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
February 18, 2026 10:08 ET (15:08 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.