WINNIPEG, Manitoba, April 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced the release date of its first quarter of 2025 (Q1 2025) financial results and notes that the Company’s Board of Directors (Board) has set the date for its Annual and Special Meeting of Shareholders for May 9, 2025 at... Read More

ST. CLOUD, Minn., March 17, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion agnostic bus and coach mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced new firm orders from the Maryland Transit Administration (the agency) for a total of... Read More

WINNIPEG, Manitoba, March 14, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc . (NFI) a leading independent bus and coach manufacturer, subsidiary New Flyer Industries Canada ULC (New Flyer), today announced it has been awarded a significant contract with York Region Transit (YRT) for 170 Xcelsior ®... Read More

Record backlog of $12.8 billion with significant year-over-year improvement in Net earnings and Adjusted EBITDA 2 WINNIPEG, Manitoba, March 13, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in propulsion agnostic bus and coach mobility solutions, today announced its audited consolidated financial results for Fiscal 2024. All figures quoted in U.S. dollars... Read More

WINNIPEG, Manitoba, March 11, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company) a leader in bus and motorcoach mobility solutions, is proud to announce that the Company has been named one of Manitoba’s Top Employers for 2025. Manitoba’s Top Employers is an annual competition... Read More

New Flyer's heavy-duty transit buses will replace aging vehicles and enhance DRT's fleet, supporting the replenishment and expansion needed to ensure services across the Durham region. WINNIPEG, Manitoba, March 10, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and... Read More

ST. CLOUD, Minn., March 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc . (NFI) a leading independent bus and coach manufacturer, subsidiary New Flyer of America Inc. (New Flyer), today announced a major order from the San Francisco Municipal Transportation Agency (SFMTA) for 42 Xcelsior ®... Read More

ST. CLOUD, Minn., Feb. 26, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced a contract from the Orange County... Read More

LARBERT, United Kingdom, Feb. 25, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis), today announced that it has taken a firm... Read More

ST. CLOUD, Minn., Feb. 14, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced New York’s Metropolitan Transit Authority (MTA) is adding 265 zero-emission buses to its fleet. This option order, part of a contract... Read More

ST. CLOUD, Minn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced a significant contract award for a mix... Read More

WINNIPEG, Manitoba, Feb. 03, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, today announced it intends to release its fourth quarter and full year 2024 financial results on Thursday, March 13, 2025 after market close, with a conference call and webcast to discuss the results on... Read More

WINNIPEG, Manitoba, Jan. 21, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc . (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary Motor Coach Industries (MCI), today announced it has been awarded a significant contract... Read More

WINNIPEG, Manitoba, Jan. 06, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI, or the Company) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, today announced strategic enhancements to its Board of Directors with the appointment of Chan Galbato to succeed Wendy Kei as Board Chair, as well as the appointments of Aziz Aghili and... Read More

DES PLAINES, Ill., Dec. 09, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary Motor Coach Industries (MCI), today announced a new contract with Metro Transit Authority of... Read More

Record backlog of $12 billion with significant year-over-year improvement in gross margin and Adjusted EBITDA 2 All figures quoted in U.S. dollars unless otherwise noted. Comparisons are to 2023 Q3 results: 2024 Q3 revenue of $711 million; 994 equivalent units ("EUs") delivered, with 243 EUs, or 24% of total deliveries being battery- and fuel cell-electric buses ("ZEBs"). Total gross margin of 12.2%, with Manufacturing gross... Read More

Announcement includes planned expansion of New Flyer’s production capacity and zero-emission bus offering WINNIPEG, Manitoba, Oct. 25, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary... Read More

ST. CLOUD, Minn., Oct. 24, 2024 (GLOBE NEWSWIRE) - (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced a new firm order from Regional Transit... Read More

ST. CLOUD, Minn., Oct. 21, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced a new firm order for 108 zero-emission... Read More

WINNIPEG, Manitoba, Oct. 10, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, today announced it intends to release its third quarter 2024 financial results on Wednesday, November 6, 2024 after market close, with a conference call and webcast to discuss the results on Thursday,... Read More

LARBERT, United Kingdom, Oct. 03, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis), today announced that Go-Ahead Group... Read More

WINNIPEG, Manitoba, Oct. 01, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, today announced Board Chair, Wendy Kei, has received Women Corporate Directors (WCD) Visionary Award for Strategic Leadership at WCD’s annual Visionary Awards Celebration in Orlando, Florida. WCD is the... Read More

Total funding amount awarded to US transit agencies who named New Flyer as their partner of choice in 2024 grant applications has increased by 60% year-over-year. ST. CLOUD, Minn., Aug. 06, 2024 (GLOBE NEWSWIRE) - (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, subsidiary New Flyer of America Inc. (New... Read More

All figures quoted in U.S. dollars unless otherwise noted: 2024 Q2 revenue of $851 million; 1,246 equivalent units ("EUs") delivered, up 34% from 2023 Q2, with 284 EUs, or 23% of total deliveries being battery- and fuel cell-electric buses ("ZEBs"). 2024 Q2 Net earnings of $3 million; Net earnings per Share of $0.02 , and Adjusted Net Earnings per Share 2 of $0.03. First positive net earnings quarter since 2021 Q2. New... Read More

LARBERT, United Kingdom, July 11, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced the first order from... Read More

WINNIPEG, Manitoba, July 03, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) – NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced it intends to release its second quarter 2024 financial results on Wednesday, July 31, 2024 after market close, with a conference call and webcast to discuss the results on Thursday,... Read More

LARBERT, United Kingdom, June 25, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced that it has taken a firm... Read More

LARBERT, United Kingdom, June 11, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced that it has confirmed new... Read More

WINNIPEG, Manitoba, May 30, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leader in zero-emission electric mobility solutions, today released its Environmental, Social, and Governance (“ESG”) Report for 2023 (“ESG Report” or “Report”), which can be found at... Read More

LARBERT, United Kingdom, May 24, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced that it has received a firm... Read More

WINNIPEG, Manitoba, May 21, 2024 (GLOBE NEWSWIRE) - (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, is pleased to announce the selection of John Proven as the new President of NFI Parts and ARBOC Specialty Vehicles (ARBOC). John will start his new role on June 3, 2024, reporting directly to NFI’s... Read More

WINNIPEG, Manitoba, May 17, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer Industries Canada ULC (New Flyer), a subsidiary of NFI Group Inc. (NFI) and leading manufacturer of heavy-duty transit buses, today announced a contract with BC Transit Corporation (BC Transit) for 33 next-generation Xcelsior... Read More

(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) -- NFI Group Inc. (NFI), a leading independent bus and motor coach manufacturer and a leader in zero-emission electric mobility solutions, today announced that NFI subsidiary New Flyer of America Inc. (New Flyer), has been awarded a contract from the New Jersey Transit Corporation (NJ TRANSIT) for the purchase of up to 1,300 Xcelsior ® 40-foot clean-diesel transit buses. This contract is... Read More

WINNIPEG, Manitoba, May 06, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) The Board of Directors (the “Board”) of NFI Group Inc. (the “Company”), a leader in zero-emission electric mobility solutions, is pleased to announce that Anne Marie O’Donovan was elected as a new director of the Board at the Company’s annual general meeting of shareholders (the “Shareholder Meeting”) held on Friday May 3, 2024. Anne... Read More

2024 Q1 revenue of $723 million; 1,127 equivalent units ("EUs") delivered, up 42% from 2023 Q1, with 201 of EUs delivered being battery- and fuel cell-electric buses ("ZEBs"). Ending total backlog 2 position (both firm and options) reached a record high of 14,783 EUs (valued at $11.7 billion), with 365 EUs in bid award pending; ZEBs represent 39% of total backlog 2 . 2024 Q1 Net loss of $9 million; Net loss per Share of... Read More

Purchase of New Flyer’s zero-emission Xcelsior CHARGE NG ™ buses marks a major step forward in Massachusetts Bay Transportation Authority’s effort to transition to an all-electric bus fleet ST. CLOUD, Minn., April 29, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc . (NFI), a leading independent bus... Read More

WINNIPEG, Manitoba, April 17, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced it intends to release its first quarter 2024 financial results on Thursday, May 2, 2024 after market close, with a conference call and webcast to discuss the results on Friday, May... Read More

ST. CLOUD, Minn., March 11, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer of America Inc. (New Flyer), a subsidiary of NFI Group Inc. (NFI) and North America’s leading manufacturer of heavy-duty transit buses, today announced that it has been awarded two new contracts from the New York City Transit... Read More

All figures quoted in U.S. dollars unless otherwise noted: 2023 Q4 revenue of $792 million; 1,227 equivalent units ("EUs") delivered, up 19% from 2022 Q4, with 236 of EUs delivered being battery- and fuel cell-electric buses ("ZEBs"). Full year revenue of $2.7 billion; 4,001 EUs delivered, with 22% ZEBs. 2023 Q4 Net loss of $2 million; Net loss per Share of $0.02 , and Adjusted Net Loss per Share 2 of $0.05. 2023 Q4 Adjusted... Read More

LARBERT, United Kingdom, Feb. 26, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced that its next-generation... Read More

LARBERT, United Kingdom, Feb. 20, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced it has been awarded a contract to build 12 new battery-electric Enviro500EV double deck buses for California customer Foothill... Read More

WINNIPEG, Manitoba, Feb. 15, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced it intends to release its fourth quarter and full year 2023 financial results on Thursday, February 29, 2024, prior to market open. A conference call for analysts and interested... Read More

LARBERT, United Kingdom, Feb. 12, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that Sound Transit,... Read More

ST. CLOUD, Minn., Feb. 09, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or “the Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, is proud to announce that Paul Soubry, NFI’s President and Chief Executive Officer, and Jennifer McNeill, Vice President, Public Sales and Marketing for subsidiaries New Flyer and MCI, presented at a... Read More

WINNIPEG, Manitoba, Feb. 08, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent global bus and coach manufacturer and a leader in electric mass mobility solutions, announced today that Brian Dewsnup has been appointed as Executive Vice President and Chief Financial Officer (“CFO”) of the Company, effective March 1, 2024. Brian succeeds Pipasu Soni who... Read More

All amounts shown in this press release are in United States dollars unless otherwise indicated WINNIPEG, Manitoba, Jan. 17, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent global bus and coach manufacturer and a leader in electric mass mobility solutions, provided an update on its deliveries for the 13-week period ended December 31, 2023 ("2023... Read More

WINNIPEG, Manitoba, Dec. 18, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today held an event at its Motor Coach Industries (“MCI”) motor coach manufacturing facility in Winnipeg to formally announce a C$10 million investment from Prairies Economic Development Canada... Read More

LARBERT, United Kingdom, Dec. 04, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that it will supply... Read More

LARBERT, United Kingdom, Nov. 30, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today confirmed Stagecoach as the... Read More

LARBERT, United Kingdom, Nov. 13, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that it has been... Read More

All figures quoted in U.S. dollars unless otherwise noted: 2023 Q3 revenue of $710 million; 1,051 equivalent units ("EUs") delivered, up 34% from 2022 Q3, with 23% of deliveries being battery- and fuel cell-electric buses ("ZEBs"). Net loss of $40 million; Net loss per Share of $ 0.42, and Adjusted Net Loss per Share 2 of $ 0.41 ; 2023 Q3 Adjusted EBITDA 2 of $11 million. Ending liquidity 2 position of $170 million. Ending... Read More

LARBERT, United Kingdom, Nov. 01, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today launched its next generation... Read More

ST. CLOUD, Minn., Oct. 18, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in zero-emission electric mass mobility solutions, today recapped a successful week attending the American Public Transportation Association (APTA)... Read More

ST. CLOUD, Minn., Oct. 05, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and motor coach manufacturer and a leader in zero-emission electric mobility solutions, today announced that NFI subsidiary New Flyer of America (New Flyer), has been awarded a new two-year... Read More

ST. CLOUD, Minn., Oct. 04, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced a partnership with American Battery Solutions (ABS) for the supply of custom battery packs to power NFI’s battery-electric transit buses and coaches in North America that will increase capacity and add... Read More

WINNIPEG, Manitoba, Oct. 02, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and motor coach manufacturer and a leader in zero-emission electric mobility solutions, today announced that it intends to release its third quarter 2023 financial results on Wednesday, November 8, 2023 prior to market open. A conference call for analysts and interested listeners will be... Read More

WINNIPEG, Manitoba, Sept. 25, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that it has appointed... Read More

ST. CLOUD, Minn., Sept. 18, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the Capital Metro Transportation Authority (“CapMetro”) has executed an option for 26... Read More

ST. CLOUD, Minn., Sept. 07, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary, New Flyer of America Inc. (New Flyer), is the partner of choice in over $207... Read More

All amounts shown in this press release are in U.S. dollars unless otherwise indicated WINNIPEG, Manitoba, Aug. 25, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, NFI.R) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, announced earlier today that it is in the process of completing all elements of its previously announced... Read More

Gross Proceeds of $444 Million Positions NFI to Capitalize on Operational Recovery, Record Backlog and Market Demand All amounts shown in this press release are in U.S. dollars unless otherwise indicated WINNIPEG, Manitoba, Aug. 25, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, NFI.R) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass... Read More

All figures quoted in U.S. dollars unless otherwise noted: 2023 Q2 revenue of $660 million; 931 equivalent units ("EUs") delivered, with 25% being battery- and fuel cell-electric buses ("ZEBs"). 2023 Q2 Adjusted EBITDA 2 of $12 million; Net loss of $48 million ; Net loss per Share of $ 0.62 and Adjusted Net Loss per Share 2 of $ 0.46 . Ending liquidity 2 position of $82 million, with a minimum liquidity requirement of $25... Read More

LARBERT, United Kingdom, Aug. 08, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) and BYD UK jointly announced today... Read More

WINNIPEG, Manitoba, July 31, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, TSX: NFI.R) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has received an extension of the date for the completion of the required amendments and the financial covenant waivers under the Company’s existing North American... Read More

WINNIPEG, Manitoba, July 25, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, TSX: NFI.R) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today provided an update on the expected timing to complete its previously announced comprehensive refinancing plan (the “Refinancing Plan”), announced that it has finalized indicative... Read More

ST. CLOUD, Minn., July 21, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) received a new order from Central Ohio... Read More

LARBERT, United Kingdom, July 06, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) and BYD UK jointly announced today... Read More

WINNIPEG, Manitoba, June 28, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has been ranked among Corporate Knights’ Best 50 Corporate Citizens in Canada for the second consecutive year. The Best 50 Corporate Citizens in Canada highlights companies that outperform... Read More

WINNIPEG, Manitoba, June 27, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, TSX: NFI.R) NFI Group Inc. (the “ Company ”), a leader in zero-emission electric mobility solutions, is pleased to announce that it has obtained the requisite shareholder approval for its previously announced private placement (the “ Private Placement ”) of common shares of the Company (“ Shares ”) pursuant to the terms of the... Read More

All amounts shown in this press release are in U.S. dollars unless otherwise indicated WINNIPEG, Manitoba, June 26, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, TSX: NFI.R) NFI Group Inc. (the “Company”), a leader in zero-emission electric mobility solutions, today provided an update on the expected timing to complete its previously announced comprehensive refinancing plan (the “Refinancing Plan”). NFI... Read More

ST. CLOUD, Minn., June 23, 2023 (GLOBE NEWSWIRE) - (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that Miami-Dade Transit (“MDT”), operated by Miami-Dade County Transportation and Public Works,... Read More

WINNIPEG, Manitoba, June 06, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“ NFI ” or the “ Company ”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, is pleased to announce the successful closing of the issue and sale of 15,102,950 subscription receipts (the “ Subscription Receipts ”) at a price of C$8.25 per Subscription Receipt, for gross... Read More

WINNIPEG, Manitoba, June 05, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the Toronto Transit Commission (“TTC”) has awarded its subsidiary New Flyer Industries Canada... Read More

NFI also provides Supplemental Information relating to its Special Meeting of Shareholders WINNIPEG, Manitoba, May 31, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that, due to strong demand, the Company has increased the size of the previously announced... Read More

WINNIPEG, Manitoba, May 31, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) The board of directors (the “Board”) of NFI Group Inc. (the “Company”), a leader in zero-emission electric mobility solutions, today released its Environmental, Social and Governance (“ESG”) Report for 2022 (“ESG Report” or “Report”), which can be found at https://www.nfigroup.com/esg/ “At NFI, we know that strong ESG practices, policies... Read More

ST. CLOUD, Minn., May 25, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer of America Inc. (“New Flyer”), a subsidiary of NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer Industries... Read More

WINNIPEG, Manitoba, May 11, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“ NFI ” or the “ Company ”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that, as part of its previously-announced comprehensive refinancing plan, the Company has entered into an investment agreement (the “ Investment Agreement ”) with Coliseum Capital... Read More

All amounts shown in this press release are in U.S. dollars unless otherwise indicated. WINNIPEG, Manitoba, May 10, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it is working to complete a comprehensive refinancing plan to improve financial... Read More

WINNIPEG, Manitoba, May 04, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) The board of directors (the “Board”) of NFI Group Inc. (the “Company”), a leader in zero-emission electric mobility solutions, is pleased to announce that Jannet Walker-Ford was elected as a new Director of the Board at the Company’s annual and special general meeting of shareholders (the “Shareholder Meeting”) held yesterday. The... Read More

Performance Highlights: 2023 Q1 revenue of $524 million; 792 equivalent units ("EUs") delivered, with 21% from battery- and fuel cell-electric buses ("ZEBs"). 2023 Q1 Adjusted EBITDA 2 of $7 million; Net Loss per Share of $ 0.60 and Adjusted Net Loss per Share 2 of $ 0.49 . Ending liquidity 2 position of $124 million, with a minimum liquidity requirement of $25 million. Continued focus on finalizing an amended multi-year... Read More

ST. CLOUD, Minn., April 28, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the Regional Transportation Commission of Southern Nevada (“RTC”) has awarded its subsidiary... Read More

LARBERT, United Kingdom , April 24, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that it has... Read More

LARBERT, Scotland and IVER, United Kingdom, April 13, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis” or “AD”) and BYD... Read More

WINNIPEG, Manitoba, April 11, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or “the Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced proposed changes to its Board of Directors (“Board”) expected to be effective following the Company’s Annual and Special Meeting of Shareholders to be held on Thursday, May 4, 2023... Read More

LARBERT, United Kingdom, April 05, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced plans to expand its... Read More

LARBERT, United Kingdom, April 04, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that the CAVForth... Read More

All figures quoted in U.S. dollars unless otherwise noted: Performance Highlights: 2022 Q4 revenue of $683 million; 1,034 equivalent units ("EUs") delivered, with 32% coming from battery- and fuel cell-electric buses ("ZEBs"). Full year sales of $2.1 billion; 3,039 EUs delivered, 23% ZEBs. 2022 Q4 Adjusted EBITDA 2 of ($5) million; Net Loss per Share of $1.94 and Adjusted Net Loss per Share 2 of $0.31. Full year Adjusted... Read More

Vice President comments “Electric buses being built in this factory are a model of American innovation and key to the future of public transportation in America” ST. CLOUD, Minn., Feb. 10, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a... Read More

ST. CLOUD, Minn., Feb. 08, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in zero-emission mass mobility solutions, today announced that United States Vice President Kamala Harris will visit New Flyer of America’s (“New Flyer”) St. Cloud, Minnesota manufacturing facility on February 9, 2023, to highlight the Biden-Harris... Read More

ST. CLOUD, Minn., Feb. 07, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the Regional Transportation Commission of Southern Nevada (“RTC”) has exercised options for 24... Read More

LARBERT, United Kingdom, Feb. 01, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that it will... Read More

LARBERT, United Kingdom, Jan. 31, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that transport group... Read More

All amounts shown in this press release are in U.S. dollars unless otherwise indicated. WINNIPEG, Manitoba, Jan. 20, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has finalized agreements for the previously announced financial support package of... Read More

WINNIPEG, Manitoba, Jan. 18, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc . (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it will release its fourth quarter and full year 2022 financial results on Wednesday, March 1, 2023, prior to market open. A conference call for analysts and interested... Read More

ST. CLOUD, Minn., Jan. 17, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) received a new order from Central Ohio... Read More

ST. CLOUD, Minn., Jan. 10, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer of America Inc. (“New Flyer”), a subsidiary of NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the City of Madison (“Metro Transit”)... Read More

WINNIPEG, Manitoba, Jan. 04, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer Industries Canada ULC (“New Flyer”) has received new firm orders for 16 battery-electric and fuel cell-electric transit buses from Winnipeg Transit. The contract also... Read More

ST. CLOUD, Minn., Jan. 03, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and leader in electric mass mobility solutions, today announced that the Capital Metro Transportation Authority (“CapMetro”) has exercised options to purchase 30 Heliox 180 kWh depot overhead chargers, including 90 pantograph dispensers, by NFI Infrastructure... Read More

All amounts shown in this press release are in U.S. dollars unless otherwise indicated. WINNIPEG, Manitoba, Dec. 29, 2022 (GLOBE NEWSWIRE) -- December 29, 2022: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has completed the amendments to the Company’s existing senior... Read More

LARBERT, Scotland, Dec. 23, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced receipt of an order for an... Read More

WINNIPEG, Manitoba, Dec. 23, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today provided an update on proposed amendments to its credit facilities, including relief from existing covenants, and the receipt of non-binding commitments for a financial support package of... Read More

ST. CLOUD, Minn., Dec. 22, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer of America Inc . (“New Flyer”), a subsidiary of NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has received a five-year contract... Read More

ST. CLOUD, Minn., Nov. 30, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) has received new firm orders for 41... Read More

Performance Highlights: 2022 Q3 revenue of $514 million; 783 equivalent units ("EUs") delivered, including 104 EUs of battery- and fuel cell-electric buses ("ZEBs"), which equates to 13% of total deliveries. 2022 Q3 Adjusted EBITDA 2 of ($16) million; Net Loss per Share of $ 0.56 and Adjusted Net Loss per Share 2 of $ 0.63 . Ending liquidity 2 position of $471 million, with a minimum liquidity requirement of $250 million. In... Read More

LARBERT, Scotland, Nov. 10, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that it has received an... Read More

NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that Alexander Dennis attended the Euro Bus Expo in Birmingham, United Kingdom earlier this week, connecting with... Read More

NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that NFI subsidiary New Flyer of America Inc. (“New Flyer”) has been named partner of choice by a total of 38 major transit agencies across the United States for its successful project awards from the Federal Transit Administration’s (“FTA”) 2022 Low or No Emission... Read More

Expect to deliver third quarter 2022 1 Adjusted EBITDA 3 of ($15) million to ($17) million with results impacted by unreliable supplier performance for certain critical parts and components, and heightened inflation. Based on expected year-to-date results and continuing critical part supply delays, NFI is lowering its planned fourth quarter vehicle deliveries and updating its Fiscal 2022 2 Adjusted EBITDA 3 guidance to ($40)... Read More

NFI's long-range, sustainable, and smart city-capable coach delivers excellent performance through high-power batteries, interoperable plug-in charging, and a high-torque electric drive system NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary Motor Coach Industries (“MCI”) has unveiled its new zero-emission,... Read More

NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that Transport for Greater Manchester has ordered 50 zero-emission double deck buses from Alexander Dennis for the first phase of... Read More

NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today declared a quarterly dividend for the period July 1, 2022 to September 30, 2022 on the common shares of the Company (the “Shares”) in the amount of C$0.0531 per Share to holders of record at the close of business on September 30, 2022. The dividend will be payable on October 17,... Read More

NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. and New Flyer Industries Canada ULC (together “New Flyer”) unveiled its next generation, zero-emission hydrogen fuel cell-electric Xcelsior... Read More

NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that it has taken a second order for its new Enviro500EV electric double deck bus, this time from Hong Kong’s MTR Corporation. The... Read More

NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that it is expanding its zero-emission bus portfolio with the addition of new electric bus products fully designed and integrated... Read More

NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today congratulates Charli Champagne for being named to Mass Transit Magazine’s Top 40 Under 40 list for 2022 . Charli Champagne, the Workforce Development Manager for NFI, is a diversity, equity, and inclusion (“DEI”) champion across the organization, leveraging over 10 years of experience in training... Read More

NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) has received a new contract from San Mateo County Transit (“SamTrans”) for 10 next generation, battery-electric Xcelsior CHARGE... Read More

NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today hosted the launch of Scotland’s Pathway to Zero Emission Buses in Larbert on behalf of the Scottish Government. Scotland’s Pathway to Zero Emission Buses is the result of the work done by the Scottish Government-led Bus Decarbonisation... Read More

WINNIPEG, Manitoba, Aug. 04, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”) today announced a correction to footnotes defining two covenant calculations included in a press release the Company issued on July 29, 2022. The revised footnotes below the covenant table, provided below for reference purposes, should read as follows: Quarter TLR ICR 2 Total Net Debt to... Read More

All figures quoted in U.S. dollars unless otherwise noted: Performance Highlights: 2022 Q2 revenue of $398 million; 562 equivalent units ("EUs") delivered, including 59 EUs of battery- and fuel cell-electric vehicles ("ZEBs"), which equates to 11% of total deliveries. 2022 Q2 Adjusted EBITDA (2) of ($21) million; Net Loss per Share of $0.74 and Adjusted Net Loss per Share (2) of $0.64. Ending liquidity (2) position of $629... Read More

NFI has amended the Company's existing $1.25 billion senior revolving credit facility (the "Revolver") and its £50 million revolving UK credit facility (the "UK Facility"). The amended facilities provide NFI with relaxed covenants through 2023 as the Company navigates supply chain disruptions, heightened inflation, and other impacts of the COVID-19 pandemic. NFI’s liquidity position remains strong at approximately $540... Read More

NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that NFI President and Chief Executive Officer Paul Soubry will return to his role, effective August 2, 2022, following a temporary medical leave. Paul will participate in NFI’s 2022 Q2 financial results call on August 3, 2022. On May 3, 2022, it was announced that Paul... Read More

(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today provided an update on discussions with its banking partners regarding amendments to the Company’s credit facilities. NFI believes the discussions are advancing well, with draft terms prepared and reviewed by NFI and its banking partners. While... Read More

NFI Group Inc . (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has been ranked among Corporate Knights’ 2022 Best 50 Corporate Citizens in Canada. The Best 50 Corporate Citizens represent a rising standard and ambition for corporate sustainability leadership in Canada. To determine the ranking, Corporate Knights analyzed 332 large Canadian... Read More

NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it will release its second quarter 2022 financial results on Wednesday, August 3, 2022, prior to market open. A conference call for analysts and interested listeners will be held on August 3, 2022 at 8:30 a.m. Eastern Time (ET). Please be advised that the process for... Read More

NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today declared a quarterly dividend for the period April 1, 2022 to June 30, 2022 on the common shares of the Company (the “Shares”) in the amount of C$0.0531 per Share to holders of record at the close of business on June 30, 2022. The dividend will be payable on July 15, 2022. The... Read More

NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that Washington Metropolitan Area Transit Authority (“Metro”) has ordered 95 Xcelsior ® forty-foot heavy-duty transit buses from New Flyer of America Inc. (“New Flyer”) in the final year of its existing five-year contract comprised of one base year and four option years. Metro is the... Read More

NFI Group Inc . (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“ADL”) and BYD UK jointly announced today that their electric vehicle partnership, the UK’s leading electric bus producer, has delivered its 1000th zero-emission bus.... Read More

(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today released its Environmental, Social and Governance (“ESG”) Report for 2021 (“ESG Report” or “Report”), which can be found at https://www.nfigroup.com/esg/ . “As... Read More

(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced an update regarding “NFI Forward 2.0”, a series of new projects that are part of the Company’s business optimization and cost reduction initiatives. Today’s announcement includes the closure of the Motor Coach Industries (“MCI”) coach... Read More

NFI Group Inc. (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) has received two new contracts from Santa Barbara Metropolitan Transit District (“MTD”) for a total of nine battery-electric, zero-emission Xcelsior CHARGE ® forty-foot heavy-duty transit... Read More

(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) is currently delivering four zero-emission, battery-electric Xcelsior CHARGE™ forty-foot heavy-duty transit buses, equipped with next-generation high-energy batteries providing 440kWh of energy... Read More

(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) has received a new contract from the Dallas Fort Worth International Airport (“DFW”) for four battery-electric, zero-emission Xcelsior CHARGE NG™ forty-foot heavy-duty transit buses. DFW is the... Read More

NFI Group Inc. (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) has been awarded a contract from the Maryland Department of Transportation Maryland Transit Administration (“MDOT MTA”) to provide seven zero-emission buses as the agency begins the transition... Read More

(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) The board of directors (the “Board”) of NFI Group Inc. (the “Company”), a leader in zero-emission electric mobility solutions, is pleased to announce that Wendy Kei was elected as a new Director of the Board at the Company’s annual general meeting of shareholders (the “AGM”) held today. “Wendy is an important addition to the NFI Board. The diversity of her professional experiences and... Read More