Author Topic: TFI.TO - Transforce  (Read 6280 times)

longlake95

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Re: TFI.TO - Transforce
« Reply #10 on: February 10, 2020, 02:40:08 PM »
Solid finish for 2019, considering soft freight environment. Closing in on $4 / share of earnings. They also filed registration statement in the U.S. to list TFI on NYSE. Great news.


longlake95

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Re: TFI.TO - Transforce
« Reply #11 on: April 22, 2020, 09:30:32 AM »
Great Q1 all considering:

Record first quarter operating income of $118.5 million, an increase of 13% over the same quarter last year
Net cash from operating activities of $191.7 million, as compared to $160.7 million in Q1 2019
Net income of $75.8 million increased from $65.1 million in Q1 2019
Adjusted net income1, a non-IFRS measure, of $71.3 million increased from $67.1 million in Q1 2019
Diluted EPS of $0.88 compared to $0.74 in Q1 2019
Adjusted diluted EPS1, a non-IFRS measure, of $0.83 compared to $0.77 in Q1 2019

I'm a little skeptical about the $5.6m bargain purchase gain and asset sales for the quarter...but even if you back that out, it's a good quarter.

Management stated the economy was growing well into early March...then turned down with COVID.

Sure Q2 will see significant GDP declines...however maybe on a high level, all of 2020 won't be down as much as some suggest.
« Last Edit: April 22, 2020, 10:03:03 AM by longlake95 »