NFI Group Inc ( (TSE:NFI) ) has issued an announcement.
NFI Group Inc. reported strong financial results for the fourth quarter and fiscal year 2024, highlighted by a record backlog of $12.8 billion and significant improvements in net earnings and adjusted EBITDA. The company experienced a 5.1% increase in revenue and a 76.4% rise in adjusted EBITDA year-over-year, with a notable increase in the delivery of zero-emission buses, which now represent 40.3% of the total backlog. These results underscore NFI’s robust market position and its commitment to sustainable transportation solutions, with implications for enhanced stakeholder value and industry leadership.
More about NFI Group Inc
NFI Group Inc. is a leader in propulsion agnostic bus and coach mobility solutions, focusing on delivering a range of transportation options including battery and fuel cell-electric buses.
YTD Price Performance: -23.84%
Average Trading Volume: 338,059
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.29B
For detailed information about NFI stock, go to TipRanks’ Stock Analysis page.