Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

NFI Group Inc. (T:NFI)

Business Focus: Heavy Machinery & Vehicles (NEC)

Sector:  Industrials Industry:  Heavy Machinery & Vehicles
Company Contact
Address: 711 Kernaghan Ave
Tel: 1-204-2246382
IR: See website
Key People
Paul Soubry
President, Chief Executive Officer, Director
Pipasu H. Soni
Chief Financial Officer, Executive Vice President
Paul Davies
President and Managing Director of ADL
Brian Keith Dewsnup
President - NFI Parts and ARBOC
Christopher James Stoddart
President, North American Bus and Coach of New Flyer
Business Overview
NFI Group Inc. is a Canada-based independent global bus manufacturer. The Company provides a suite of mass transportation solutions under brands: New Flyer (heavy-duty transit buses), Alexander Dennis (AD) (single and double-deck buses), Plaxton (motor coaches), MCI (motor coaches), ARBOC (low-floor cutaway and medium-duty buses) and NFI Parts (aftermarket parts sales). It operates through two segments: Manufacturing Operations and Aftermarket Operations. The Manufacturing Operations segment manufactures, services and supports transit buses, coaches, medium-duty, and cutaway buses. The Aftermarket Operations segment is engaged in the sale of aftermarket parts for transit buses, coaches and medium- duty/cutaway buses, both for the Company's and third-party products. Its product type includes Heavy-duty transit buses, Single deck buses, Double-deck buses, Articulated buses, motor coaches, low floor cutaway, and medium-duty buses.
Financial Overview
For the 39 weeks ended 02 October 2023, NFI Group Inc revenues increased 38% to $1.89B. Net loss increased 6% to $133.8M. Revenues reflect Manufacturing Operations segment increase of 8% to $1.09B, Northern America segment increase of 4% to $1.09B. Higher net loss reflects Fair market value loss (gain) on interes decrease from $38.9M (income) to $9.4M (expense), Interest on long-term debt increase of 88% to $66.1M (expense).
Employees: 7,500 as of Jan 2, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $3,060M as of Oct 2, 2023
Annual revenue (TTM): $3,479M as of Oct 2, 2023
EBITDA (TTM): $9.76M as of Oct 2, 2023
Net annual income (TTM): -$383.80M as of Oct 2, 2023
Free cash flow (TTM): -$206.50M as of Oct 2, 2023
Net Debt Last Fiscal Year: $1,477M as of Oct 2, 2023
Shares outstanding: 118,961,932 as of Nov 7, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization