The earnings call highlighted significant improvements in financial performance, backlog strength, and supply chain stability. However, the battery recall posed a substantial challenge, with associated costs and operational impacts. Despite this setback, the company's strong backlog and strategic initiatives provide a positive outlook for future growth.
Company Guidance
During NFI's 2025 Third Quarter Financial Results Call, the company provided detailed guidance on several key metrics. They reported a 52% year-over-year increase in adjusted EBITDA and a $12.8 million improvement in free cash flow, with liquidity increasing by $240.2 million to reach $386 million by the quarter's end. The total leverage improved to 4.28x, a full turn improvement since the end of 2024. NFI secured 644 equivalent units in new orders, achieving a 108.5% LTM book-to-bill ratio and a strong 71.8% option conversion rate. The total backlog now stands at 15,606 equivalent units, valued at USD 13.2 billion. However, the quarter faced challenges due to a $229.9 million warranty provision related to a battery recall affecting approximately 700 buses, primarily New Flyer models. Despite these setbacks, the company expects continuous growth in revenue, gross profit, adjusted EBITDA, free cash flow, and net earnings as they move into the fourth quarter and beyond.
Strong Backlog and Order Conversion
Secured 644 equivalent units in new orders with a 108.5% LTM book-to-bill ratio and a 71.8% option conversion rate. Total backlog now stands at 15,606 equivalent units worth USD 13.2 billion.
Improved Financial Metrics
Delivered a 52% year-over-year increase in adjusted EBITDA and a $12.8 million improvement in free cash flow. Liquidity increased by $240.2 million to reach $386 million at quarter-end.
Manufacturing and Aftermarket Growth
Transit deliveries were up 14% year-over-year. Manufacturing segment adjusted EBITDA increased by $36.1 million due to higher deliveries and improved pricing.
Supply Chain Improvements
Risk profile improved with high-risk suppliers reduced. Strategic investment in American Seating aims to enhance supply chain stability.
NFI Group Inc (TSE:NFI) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:NFI Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2025
C$13.82
C$13.12
-5.07%
Jul 31, 2025
C$19.10
C$18.69
-2.15%
May 08, 2025
C$12.90
C$14.55
+12.79%
Mar 13, 2025
C$11.11
C$13.42
+20.79%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does NFI Group Inc (TSE:NFI) report earnings?
NFI Group Inc (TSE:NFI) is schdueled to report earning on Feb 26, 2026, After Close (Confirmed).
What is NFI Group Inc (TSE:NFI) earnings time?
NFI Group Inc (TSE:NFI) earnings time is at Feb 26, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.