Q: TFII reports later today. Could you provide quick summary and thoughts on the earnings after reporting today. Based on results and commentary, may be time to buy.
5i Research Answer:
EPS of $1.09 beat estimates of 86c; revenue of $1.91B beat estimates of $1.89B. EBITDA of $279.6M beat estimates by 5%. The dividend was raised 4%. Q1 guidance was lower than estimates, at 50c to 60c, versus current estimates 81c. Q4 revenue fell 8%, with logistics down 13%. Free cash flow was $10/share for the year, and was up 25% in the Q4. The forecast is disappointing, but with the sector doing better and the beat in Q4 investors may (maybe) look ahead here to better things rather than focuse on the Q1.