NFI Group (TSE:NFI) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
NFI Group Inc. experienced a robust first quarter in 2024, with a 42% increase in deliveries including a surge in zero-emission buses, leading to a record backlog valued at $11.7 billion. Despite this, the company reported a net loss of $9 million, although their aftermarket segment achieved a record quarter with $160 million in revenue. NFI maintains its financial outlook for the year, projecting substantial growth in Adjusted EBITDA.
For further insights into TSE:NFI stock, check out TipRanks’ Stock Analysis page.