Welcome to our dedicated page for Nfi Group news (Ticker: NFYEF), a resource for investors and traders seeking the latest updates and insights on Nfi Group stock.
NFI Group Inc. (NFYEF) generates frequent news as a propulsion-agnostic bus and coach manufacturer serving mass mobility markets. Company updates often highlight developments in low- and zero-emission buses and coaches, infrastructure and technology initiatives, and activity across its brands, including New Flyer, MCI, Alexander Dennis, Plaxton, ARBOC, and NFI Parts.
Investors and transit industry followers can use this page to review operational updates, contract awards, facility developments, and corporate actions. Recent announcements have included orders for Xcelsior compressed natural gas transit buses, the opening of an Alexander Dennis manufacturing facility in Las Vegas dedicated to Enviro500 double-deck buses, and a joint venture with GILLIG LLC to acquire the assets of American Seating Inc. to strengthen seat supply for transit, motorcoach, and rail applications.
NFI also reports on financial results and capital structure changes, such as quarterly earnings releases, backlog and order metrics, and refinancing activities involving first lien credit facilities and second lien secured notes. These updates provide context on manufacturing and aftermarket segment performance, supply chain conditions, and the share of zero-emission buses in deliveries and backlog.
Other notable news items include information on a North American battery recall affecting certain electric buses equipped with XALT Energy batteries, along with a master settlement agreement intended to support recall costs and expand NFI’s zero-emission platform. Governance and ownership developments, such as amendments to the investment agreement with Coliseum Capital Management, LLC, and CEO transition announcements, are also covered.
By following this NFYEF news feed, readers can track how NFI executes its propulsion-agnostic strategy, manages supply chain and technology issues, and responds to market demand for buses and coaches in North America, the United Kingdom, and other regions where its brands operate.
New Flyer (OTC: NFYEF) announced that Washington Metropolitan Area Transit Authority exercised options for 100 forty-foot buses: 75 Xcelsior hybrid-electric and 25 Xcelsior CHARGE NG battery-electric vehicles.
The purchase is backed by federal, state, local funding and the FTA Low-No grant, replaces end-of-life vehicles, and follows a February 2025 base order of 100 hybrid buses.
NFI (OTC: NFYEF) subsidiary New Flyer confirmed that the Regional Transportation Commission of Southern Nevada (RTC) exercised options for 19 sixty-foot and 31 forty-foot Xcelsior CNG buses, valued at approximately $56 million. The order, included in NFI’s Q4 2025 firm backlog, is part of two five-year contracts, supported by local and Federal Transit Administration funds and meeting Buy America requirements. These low-emission buses will replace end-of-life vehicles for RTC’s roughly 64 million annual riders and offer an estimated range of 350–400 miles per bus.
NFI Group (OTC: NFYEF) and subsidiary New Flyer received an additional order from New Jersey Transit for 375 Xcelsior 40-foot clean-diesel buses on January 29, 2026.
This delivery is part of a multi-phase fleet replacement: the original Q1 2024 contract included a 550-unit base order delivered in three lots and options for 750 additional buses. With this award, NJ TRANSIT has completed its base order; 750 option buses remain available for future procurement.
NFI Group (OTC: NFYEF) will release its fourth quarter 2025 financial results on Wednesday, March 11, 2026 after market close, with a conference call and webcast on Thursday, March 12, 2026 at 8:30 a.m. ET.
Webcast access requires no registration; phone participants must pre-register to receive call-in details. A replay will be available from about 12:00 p.m. ET on March 12, 2026 through 11:59 p.m. ET on March 12, 2027. Presentation materials will be posted at the company website.
NFI Group (TSX: NFI; OTC: NFYEF) announced an amendment to its May 2023 investment agreement with Coliseum Capital Management that allows Coliseum to increase ownership up to 25% of NFI’s issued and outstanding common shares (previous limit 20%).
The flexibility expires no later than December 31, 2026. Coliseum currently holds 23,742,937 shares (~19.9%). NFI will not issue new shares and will receive no proceeds if Coliseum buys additional shares, which would be purchased from existing shareholders. Coliseum has not committed to buy shares and agreed to vote any incremental shares above 19.9% in favour of management and the Board.
NFI (OTC: NFYEF) announced a leadership transition: John Sapp will become President and CEO effective January 1, 2026, succeeding Paul Soubry, who will retire after 16 years and remain as an advisor for one year.
John Sapp joins from Eaton, where he led Eaton’s Aerospace division and oversaw a global team of over 12,000 employees that delivered record revenue and operating profits in 2025. NFI reported a $13 billion backlog during Soubry’s tenure. The Board completed a global search and expects Sapp to focus on customer experience, operational performance, and growth.
NFI (TSX: NFI / OTC: NFYEF) signed a master settlement agreement with XALT resolving costs tied to the Generation 3 battery recall and related support costs. The Settlement includes cash payments, transferred personnel, battery cells, systems, equipment and intellectual property, amounting to an estimated 75%–80% recovery against NFI’s original $229 million provision. A majority cash payment will be received by Dec 31, 2025, which pro forma raises third-quarter 2025 liquidity by ~26%. NFI expects recall replacement cash outflows over 18–24 months starting Q2 2026, with 35%–45% (~$70–$90M) of cash expenses in 2026; remaining costs in 2027. NFI will record final accounting in Q4 2025 and adjust reported metrics to normalize the non-recurring recovery.
NFI (OTC: NFYEF) reported 2025 Q3 results with improved deliveries and profitability metrics but a large battery recall charge. Deliveries were 1,114 EUs; revenue was $879.9M, up 23.7% YoY. The company recorded a $229.9M warranty provision for a battery recall impacting ~700 BEBs, producing a net loss of $140.9M ($1.18/sh). Excluding recall effects, Adjusted EBITDA was $80.9M (+52.1% YoY) and Adjusted Net Earnings were $12.1M. Free cash flow was $14.8M and net cash from operations was $83.9M. Backlog was $13.2B (15,606 EUs; 35.1% ZEBs) and liquidity improved to $386.0M. NFI expects a battery replacement campaign of 18–24 months beginning H1 2026 and is negotiating with the battery supplier while tightening 2025 guidance ranges.
NFI Group (OTC: NFYEF) announced on Oct 31, 2025 that its subsidiary New Flyer was named Employer of the Year – Large Business by the Alabama Governor’s Committee on Employment of People with Disabilities.
The award, presented Oct 27 in Montgomery, recognizes New Flyer’s commitment to accessibility, partnerships with Anniston community organizations, quarterly team pipeline meetings, and efforts to support employment and career growth for people with disabilities in Alabama.
NFI Group (OTC: NFYEF) and GILLIG formed a 50/50 joint venture, GR Seating, LLC, to acquire the assets of American Seating on October 22, 2025. GR Seating acquired equipment, inventory, brand, and intellectual property and will operate American Seating’s Grand Rapids, Michigan facilities under the existing name while maintaining the partnership with the UAW and UAW Local No. 135.
Each manufacturer will hold 50% of the JV and board representation; an independent third-party management team will run day-to-day operations. The JV committed to dedicated investments to improve throughput, delivery timelines, and aftermarket support to stabilize operations and secure the transit seat supply chain.
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