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NFI Group Inc. (T:NFI)

Business Focus: Heavy Machinery & Vehicles (NEC)

Sector:  Industrials Industry:  Heavy Machinery & Vehicles
See Regulatory Filings on SEDAR
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
Christopher James Stoddart
President, North American Bus & Coach
Business Overview
NFI Group Inc. is a Canada-based independent global bus manufacturer that provides transportation solutions. The Company operates through two segments: Manufacturing Operations and Aftermarket Operations. The Manufacturing Operations segment is engaged in manufacturing, servicing and supporting of new 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. It operates through its brands, including New Flyer (heavy-duty transit buses), Alexander Dennis Limited (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). The Company offers a range of drive systems, including zero-emission electric (trolley, battery and fuel cell), natural gas, electric hybrid and clean diesel.
Financial Overview
For the 26 weeks ended 03 July 2022, NFI Group Inc revenues decreased 26% to $857.3M. Net loss totaled $84.8M vs. income of $9.6M. Revenues reflect Manufacturing Operations segment decrease of 34% to $610.4M, Northern America segment decrease of 29% to $654.6M, Asia Pacific segment decrease of 56% to $24.2M. Net loss reflects Foreign exchange loss (gain) increase from $5.3M (income) to $561K (expense).
Employees: 8,000 as of Dec 27, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $2,207M as of Jul 3, 2022
Annual revenue (TTM): $2,711M as of Jul 3, 2022
EBITDA (TTM): -$30.43M as of Jul 3, 2022
Net annual income (TTM): -$144.42M as of Jul 3, 2022
Free cash flow (TTM): -$103.08M as of Jul 3, 2022
Net Debt Last Fiscal Year: $1,358M as of Jul 3, 2022
Shares outstanding: 77,147,518 as of Aug 5, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization