06 May 2024

NFI announces Election of Directors, including new Board member Anne Marie O’Donovan

WINNIPEG, Manitoba, May 06, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) The Board of Directors (the “Board”) of NFI Group Inc. (the “Company”), a leader in zero-emission electric mobility solutions, is pleased to announce that Anne Marie O’Donovan was elected as a new director of the Board at the Company’s annual general meeting of shareholders (the “Shareholder Meeting”) held on Friday May 3, 2024. Anne Marie has been appointe...
02 May 2024

NFI announces first quarter 2024 results

All figures quoted in U.S. dollars unless otherwise noted: 2024 Q1 revenue of $723 million; 1,127 equivalent units ("EUs") delivered, up 42% from 2023 Q1, with 201 of EUs delivered being battery- and fuel cell-electric buses ("ZEBs"). Ending total backlog2 position (both firm and options) reached a record high of 14,783 EUs (valued at $11.7 billion), with 365 EUs in bid award pending; ZEBs represent 39% of total backlog2.2024 Q1 Net loss...
29 Apr 2024

Boston orders 80 advanced zero-emission buses from NFI subsidiary New Flyer with options to purchase an additional 380 buses

Purchase of New Flyer’s zero-emission Xcelsior CHARGE NG™ buses marks a major step forward in Massachusetts Bay Transportation Authority’s effort to transition to an all-electric bus fleet ST. CLOUD, Minn., April 29, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the Massachusetts Bay Tra...
22 Apr 2024

NFI celebrates Earth Day 2024

WINNIPEG, Manitoba, Canada – April 22, 2024: (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 pleased to celebrate Earth Day. For decades, NFI has been leading the evolution to zero-emission transportation, the ZEvolution, investing in the future of sustainable mobility solutions for our customers, our shar...
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 ...
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