NFI Group reports Q2 EPS 72c vs. ($1.31) last year

Reports Q2 revenue $1.68B, consensus $1.67B. “Our exceptional start to the year continued into the second quarter, thanks to the hard work and commitment of our over 15,000 employees,” said CEO Patrick Dovigi. “Our continued focus on execution drove top line growth of 9.5%2 and industry leading Adjusted EBITDA margin1 expansion of 230 basis points over the prior year period3. Our strong performance, achieved amid continued macroeconomic uncertainty and headwinds from lower commodity prices, underscores the resiliency of our business model. The success of our first half results sets us up to increase our full year 2025 guidance. We are increasing our guidance for Adjusted EBITDA to $1.950B- $1.975B and Adjusted EBITDA margin expansion of 120 basis points year-over-year at the mid-point to reflect stronger organic financial performance in the base business inclusive of foreign currency translation. Any incremental M&A, improvement in commodity prices or macroeconomic variables provide potential upside to our guidance. Our M&A pipeline remains robust and we are highly confident in our ability to meet or exceed our M&A capital deployment targets for 2025. The expected back-end weighting of this year’s M&A activity results in lower current year contribution but sets us up for a larger roll over amount in 2026.”