The earnings call presented a generally positive outlook for NFI, with significant achievements in backlog and demand, improved financial metrics, and strategic financial maneuvers through a new credit agreement. However, challenges remain with ongoing supplier disruptions, market conditions in the UK, and uncertainties around tariffs. Despite these challenges, the overall sentiment leans toward optimism due to strong demand and record backlogs.

Company Guidance -

Q1 2025

In the NFI 2025 Q1 Financial Results Conference Call, the company provided an optimistic outlook despite facing challenges like seat supplier disruptions and tough conditions in the U.K. market. Key metrics highlighted include a record total backlog of $13.7 billion comprising 16,527 equivalent units and a book-to-bill ratio of 139.3%. The company's adjusted EBITDA increased by 84% year-over-year, although it reported a net loss of $6.5 million, an improvement of $2.9 million from the previous year. NFI secured a new $845 million senior secured credit agreement, which enhances liquidity and reduces interest costs. The company reaffirmed its 2025 guidance, projecting revenues of $3.8 billion to $4.2 billion and adjusted EBITDA of $320 million to $360 million. Despite tariff and supply chain challenges, NFI remains confident in leveraging its strong backlog and improved market conditions to drive continued growth.

Record Backlog

NFI's total backlog reached a record $13.7 billion with 16,527 equivalent units, primarily driven by North American public transit agencies.

Strong Demand and New Orders

NFI recorded new orders of 2,523 equivalent units in Q1, with a book-to-bill ratio of 139.3% and a steady option backlog conversion rate of 76%.

Significant Year-over-Year Improvement

NFI achieved an 84% year-over-year increase in quarterly adjusted EBITDA and a $141 million year-over-year improvement in the Manufacturing segment on an LTM basis.

Improved Credit Facility

NFI entered into a new $845 million senior secured credit agreement, providing improved covenants, increased liquidity, greater financial flexibility, and lower interest costs.

Highest Zero Emission Deliveries

The company delivered its highest-ever zero-emission buses in Q1 2025, a significant milestone reflecting ongoing capabilities in this area.

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

Daily Earnings Calendar >

TSE:NFI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2025	2025 (Q2)	0.13 / -	0.03	―	―	―
May 08, 2025	2025 (Q1)	0.05 / 0.03	-0.18	115.38% (+0.21)	―	―
Mar 13, 2025	2024 (Q4)	0.07 / 0.15	-0.069	320.00% (+0.22)	―	―
Nov 06, 2024	2024 (Q3)	0.08 / -0.06	-0.568	90.24% (+0.51)	―	―
Jul 31, 2024	2024 (Q2)	-0.02 / 0.04	-0.637	106.52% (+0.68)	―	―
May 02, 2024	2024 (Q1)	-0.23 / -0.18	-0.679	73.47% (+0.50)	―	―
Feb 29, 2024	2023 (Q4)	-0.28 / -0.07	-0.429	83.87% (+0.36)	―	―
Nov 08, 2023	2023 (Q3)	-0.46 / -0.57	-0.873	34.92% (+0.30)	―	―
Aug 16, 2023	2023 (Q2)	-0.67 / -0.64	-0.887	28.13% (+0.25)	―	―
May 04, 2023	2023 (Q1)	-0.81 / -0.68	-0.748	9.26% (+0.07)	―	―

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
May 08, 2025	C$12.90	C$14.55	+12.79%
Mar 13, 2025	C$11.11	C$13.42	+20.79%
Nov 06, 2024	C$16.59	C$16.26	-1.99%
Jul 31, 2024	C$17.15	C$19.08	+11.25%

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 Jul 30, 2025, After Close (Confirmed).

What is NFI Group Inc (TSE:NFI) earnings time?

NFI Group Inc (TSE:NFI) earnings time is at Jul 30, 2025, 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.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:NFI EPS forecast?

TSE:NFI EPS forecast for the fiscal quarter 2025 (Q2) is 0.13.

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