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NFI Group Inc (NFI.TO)

NFI.TO on Toronto Stock Exchange

26.21CAD
20 Aug 2019
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Latest Key Developments (Source: Significant Developments)

NFI Group Announces Second Quarter Adjusted Net Earnings Of $0.42 Per Share
Tuesday, 13 Aug 2019 05:00pm EDT 

Aug 13 (Reuters) - NFI Group Inc ::NFI GROUP ANNOUNCES SECOND QUARTER 2019 RESULTS.QTRLY REVENUE OF $683 MILLION INCREASED BY 1%..QTRLY EARNINGS PER SHARE OF $0.14.QTRLY ADJUSTED NET EARNINGS $0.42 PER SHARE.PRIVATE MOTOR COACH MARKET IN NORTH AMERICA CONTINUED TO DECLINE.MANAGEMENT EXPECTS STRONGER SECOND HALF PRIVATE MCI MOTOR COACH DELIVERIES IN 2019 WHEN COMPARED TO FIRST HALF.OVERALL, DEMAND FOR LOW-FLOOR CUTAWAY AND MEDIUM-DUTY BUSES REMAINS ENCOURAGING.HAS INITIATED A WIP REDUCTION PLAN AND MANAGEMENT EXPECTS TO SEE A REDUCTION IN WIP DURING SECOND HALF OF 2019.Q2 EARNINGS PER SHARE VIEW $0.51, REVENUE VIEW $663.4 MILLION -- REFINITIV IBES DATA.  Full Article

Detroit revitalizes public transit service using new buses from New Flyer
Thursday, 6 Jun 2019 06:20pm EDT 

June 6 (Reuters) - NFI Group Inc ::NEW FLYER OF AMERICA - CITY OF DETROIT & DETROIT DEPARTMENT. OF TRANSPORTATION AWARDED CO WITH ORDER FOR 25 & 5 CLEAN DIESEL XCELSIOR HEAVY-DUTY TRANSIT BUSES.  Full Article

NFI Group Inc Announces Acquisition Of Alexander Dennis Limited
Tuesday, 28 May 2019 07:20am EDT 

May 28 (Reuters) - NFI Group Inc ::NFI GROUP INC. ANNOUNCES ACQUISITION OF ALEXANDER DENNIS LIMITED.NFI GROUP INC - DEAL FOR £320 MILLION.NFI GROUP INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE (BEFORE POTENTIAL SYNERGIES) TO NFI EARNINGS PER SHARE AND CASH FLOW PER SHARE.NFI GROUP INC - TRANSACTION WAS FUNDED THROUGH NFI'S EXISTING CREDIT FACILITY, A NEW US$300 MILLION CREDIT FACILITY.NFI GROUP - TRANSACTION WAS ALSO FUNDED THROUGH ISSUANCE FROM TREASURY, OF 1.47 MILLION COMMON SHARES OF NFI, IN LIEU OF CASH, TO ADL'S PRIMARY SHAREHOLDERS.NFI GROUP INC - ENTERED AGREEMENT WITH COLIN ROBERTSON, ADL'S CEO, AND MICHAEL STEWART, ADL'S CFO, TO CONTINUE LEADING ADL.NFI GROUP INC - ROBERTSON AND STEWART HAVE ELECTED TO ROLL ABOUT 10% OF THEIR TRANSACTION CONSIDERATION INTO NFI SHARES.NFI GROUP INC - NFI EXPECTS TO CAPTURE SYNERGIES OVER TIME AND TO CAPITALIZE ON FURTHER GROWTH OPPORTUNITIES THROUGH A COMBINED APPROACH.NFI GROUP INC - ACQUIRED ALEXANDER DENNIS LIMITED ("ADL") FOR A TOTAL TRANSACTION VALUE OF £320 MILLION ON A CASH-FREE, DEBT-FREE BASIS.  Full Article

New Flyer Of America Says New York City Awarded Co With Contract
Monday, 25 Mar 2019 06:01pm EDT 

March 25 (Reuters) - NFI Group Inc ::NEW FLYER OF AMERICA INC - NEW YORK CITY TRANSIT AWARDED CO WITH A CONTRACT FOR 15 LOW FLOOR SIXTY-FOOT XCELSIOR CHARGE BATTERY-ELECTRIC TRANSIT BUSES.  Full Article

Toronto Orders An Additional 10 New Flyer Battery-Electric Transit Buses
Tuesday, 19 Feb 2019 07:50am EST 

Feb 19 (Reuters) - NFI Group Inc ::TORONTO ORDERS AN ADDITIONAL 10 NEW FLYER BATTERY-ELECTRIC TRANSIT BUSES.NEW FLYER INDUSTRIES CANADA - PURCHASE ALSO INCLUDES FIVE ABB DIRECT CURRENT (DC) DEPOT CHARGERS.  Full Article

Texas' Brazos Transit And CARTS Award Contract To New Flyer
Tuesday, 13 Nov 2018 06:00pm EST 

Nov 13 (Reuters) - NFI Group Inc ::TEXAS' BRAZOS TRANSIT AND CARTS AWARD CONTRACT TO NEW FLYER FOR UP TO 28 XCELSIOR® BUSES.NEW FLYER OF AMERICA SAYS CONTRACT INCLUDES 10 FIRM ORDERS WITH OPTIONS TO PURCHASE ADDITIONAL 18 BUSES & ESTABLISHES NEW PARTNERSHIP WITH NEW FLYER.NEW FLYER OF AMERICA SAYS FUNDING FOR ORDER COMES FROM FEDERAL TRANSPORTATION ADMINISTRATION AND TEXAS DEPARTMENT OF TRANSPORTATION.  Full Article

NFI Group Qtrly Adjusted Earnings Per Share Of $0.57
Tuesday, 6 Nov 2018 05:16pm EST 

Nov 6 (Reuters) - NFI Group Inc ::NFI GROUP ANNOUNCES 2018 THIRD QUARTER RESULTS.NFI GROUP - QTRLY REVENUE OF $605.3 MILLION INCREASED BY 11.7%..NFI GROUP INC - QTRLY EARNINGS PER SHARE OF $0.59.NFI GROUP INC - QTRLY ADJUSTED EARNINGS PER SHARE OF $0.57.NFI GROUP INC - FISCAL 2018 DELIVERY GUIDANCE REMAINS UNCHANGED AT 4,390 EUS.  Full Article

New York City Awards New Flyer A Contract For An Additional 108 Xcelsior 60' Transit Buses
Monday, 9 Apr 2018 05:38pm EDT 

April 9 (Reuters) - New Flyer Industries Inc ::NEW YORK CITY AWARDS NEW FLYER A CONTRACT FOR AN ADDITIONAL 108 XCELSIOR 60' TRANSIT BUSES.NEW FLYER OF AMERICA - NEW YORK CITY TRANSIT AUTHORITY AWARDED CO WITH ANOTHER ORDER FOR 108 XCELSIOR CLEAN DIESEL SIXTY-FOOT, HEAVY-DUTY TRANSIT BUSES .NEW FLYER OF AMERICA SAYS NEW YORK CITY TRANSIT AUTHORITY'S ORDER ADDS 216 EQUIVALENT UNITS TO NEW FLYER'S FIRM ORDER BACKLOG.  Full Article

New Flyer Qtrly Earnings Per Share Of ‍$1.21​
Wednesday, 21 Mar 2018 10:39pm EDT 

March 21 (Reuters) - New Flyer Industries Inc ::NEW FLYER ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS.QTRLY EARNINGS PER SHARE ‍$1.21​.QTRLY TOTAL REVENUE $654.6 MILLION VERSUS $622.6‍​ MILLION.‍UNDER CURRENT NAFTA AGREEMENT, ALL SHELLS AND FINISHED BUSES AND COACHES MOVE ACROSS BORDER FREE OF ANY DUTIES​.‍COMPANY TODAY PAYS IMMATERIAL TARIFFS FOR NON-NAFTA SUPPLY.​.2018 DELIVERIES ARE EXPECTED TO BE 4,350 EU VEHICLES.NEW FLYER-‍ANY AMENDMENTS TO NAFTA THAT WOULD IMPOSE DUTIES ON PARTS, SHELLS,FINISHED BUSES COULD HAVE FINANCIAL IMPACT GIVEN MATERIALS COMPRISE 69% OF COSTS​.  Full Article

NFI Group Announces Fourth Quarter 2017 Backlog
Wednesday, 10 Jan 2018 07:10pm EST 

Jan 10 (Reuters) - New Flyer Industries Inc ::NFI GROUP ANNOUNCES FOURTH QUARTER 2017 ORDERS, BACKLOG AND 2018 OUTLOOK.NEW FLYER INDUSTRIES-AT END OF Q4 2017 ,NFI'S TOTAL BACKLOG WAS 12,157 EUS (VALUED AT $6.02 BILLION) VERSUS 10,187 EUS (VALUED AT $5.23 BILLION) AT END OF Q4 2016.NEW FLYER INDUSTRIES- ‍EFFECTIVE TAX RATE FOR 2018 AND SUBSEQUENT YEARS IS EXPECTED TO BE IN RANGE OF 29% TO 31% BECAUSE OF U.S. TAX REFORM IN DECEMBER​.  Full Article