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TFI International (NYSE:TFII) Shares Gap Down Following Weak Earnings
The carrier cited an earnings shortfall and a softer fourth-quarter forecast as diesel costs and U.S. route inefficiencies weighed on results.
- On Friday, Oct. 30, 2026, Oil States International reported third-quarter revenue of $76.3 million, an 11% increase driven by utility sector demand and geographic expansion.
- Exceptionally dry weather in Texas negatively impacted matting demand during the third quarter, prompting the company to revise full-year revenue guidance to $300 million to $305 million.
- Management reported backlog of $482 million, the highest level in almost 12 years, supported by significant new order bookings in the Offshore and Manufactured Products segment.
- Yesterday, the Board of Directors approved a new $50 million, two-year share repurchase program running through October 2028, providing financial flexibility for strategic initiatives.
- A manufacturing expansion in Louisiana remains on track for mid-2027, expected to increase production capacity by 50% and reduce reliance on CrossRent third-party mats.
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17 Articles
17 Articles
Winnipeg Free Press+9 Reposted by 9 other sources
TFI International shares drop as high fuel costs drive earnings miss
MONTREAL - Higher profits and revenue failed to keep TFI International's stock from plunging on Friday as investors focused instead on the company's earnings miss and a disappointing forecast.
·Winnipeg, Canada
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The carrier is burdened by expensive diesel and the difficulties of an American subsidiary.
·Montreal, Canada
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Total News Sources17
Leaning Left7Leaning Right1Center4Last UpdatedBias Distribution59% Left
Bias Distribution
- 59% of the sources lean Left
59% Left
L 59%
C 33%
Factuality
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