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NFI Group Inc. (T:NFI)

Business Focus: Heavy Machinery & Vehicles (NEC)

Sector:  Industrials Industry:  Heavy Machinery & Vehicles
 
Company Contact
Address: 711 Kernaghan Ave
WINNIPEG MB R2C 3T4
Tel: 1-204-2246382
Website: https://www.nfigroup.com
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