17 Apr 2024

NFI schedules first quarter 2024 financial results and Annual Meeting of Shareholders

WINNIPEG, Manitoba, April 17, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced it intends to release its first quarter 2024 financial results on Thursday, May 2, 2024 after market close, with a conference call and webcast to discuss the results on Friday, May 3, 2024, at 8:30 a.m...
11 Mar 2024

NFI subsidiary New Flyer awarded two contracts from New York for up to 2,090 Xcelsior® transit buses

ST. CLOUD, Minn., March 11, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer of America Inc. (New Flyer), a subsidiary of NFI Group Inc. (NFI) and North America’s leading manufacturer of heavy-duty transit buses, today announced that it has been awarded two new contracts from the New York City Transit Authority (NYCT) including firm orders for 429 Xcelsior® buses (671 equivalent units or EUs) with options to purchase up ...
29 Feb 2024

NFI announces fourth quarter and full year 2023 results

All figures quoted in U.S. dollars unless otherwise noted: 2023 Q4 revenue of $792 million; 1,227 equivalent units ("EUs") delivered, up 19% from 2022 Q4, with 236 of EUs delivered being battery- and fuel cell-electric buses ("ZEBs"). Full year revenue of $2.7 billion; 4,001 EUs delivered, with 22% ZEBs.2023 Q4 Net loss of $2 million; Net loss per Share of $0.02, and Adjusted Net Loss per Share2 of $0.05.2023 Q4 Adjusted EBITDA2 of $39 million...
26 Feb 2024

NFI subsidiary Alexander Dennis’ next-gen Enviro400EV confirmed as the most efficient battery-electric double-decker tested via Zemo in the UK

LARBERT, United Kingdom, Feb. 26, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced that its next-generation Enviro400EV electric double decker has completed the Zemo Partnership’s zero-emission bus testing and certification pro...
20 Feb 2024

California’s Foothill Transit to add 12 Enviro500EV double deck zero-emission buses from NFI subsidiary Alexander Dennis

LARBERT, United Kingdom, Feb. 20, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced it has been awarded a contract to build 12 new battery-electric Enviro500EV double deck buses for California customer Foothill Transit. Foothill ...
15 Feb 2024

NFI schedules fourth quarter and full year 2023 financial results and conference call for February 29, 2024

WINNIPEG, Manitoba, Feb. 15, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced it intends to release its fourth quarter and full year 2023 financial results on Thursday, February 29, 2024, prior to market open. A conference call for analysts and interested listeners will be held ...
12 Feb 2024

Sound Transit orders 33 Enviro500EV battery-electric double deck buses from NFI subsidiary Alexander Dennis

LARBERT, United Kingdom, Feb. 12, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that Sound Transit, which provides regional transit in the Seattle metropolitan area, has placed a firm order for 33 zero-emission Enviro5...
09 Feb 2024

NFI presents at White House Roundtable focused on strengthening U.S. bus manufacturing and clean transit deployment

Roundtable followed by release of U.S. FTA Dear Colleague letter and notice of $1.5 billion of federal funding to modernize bus fleetsST. CLOUD, Minn., Feb. 09, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or “the Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, is proud to announce that Paul Soubry, NFI’s President and Chief Executive Officer, an...
08 Feb 2024

NFI Announces Chief Financial Officer Transition

WINNIPEG, Manitoba, Feb. 08, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent global bus and coach manufacturer and a leader in electric mass mobility solutions, announced today that Brian Dewsnup has been appointed as Executive Vice President and Chief Financial Officer (“CFO”) of the Company, effective March 1, 2024. Brian succeeds Pipasu Soni who has served as CFO si...
17 Jan 2024

NFI provides update on fourth quarter 2023 deliveries, orders, backlog, and financial guidance

All amounts shown in this press release are in United States dollars unless otherwise indicated WINNIPEG, Manitoba, Jan. 17, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent global bus and coach manufacturer and a leader in electric mass mobility solutions, provided an update on its deliveries for the 13-week period ended December 31, 2023 ("2023 Q4"), and provided an u...