Nfi Group Inc Stock Price, News & Analysis

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.

NFI Group (OTC: NFYEF) will release its Q3 2025 financial results on Thursday, November 6, 2025 after market close and will host a conference call and webcast on Friday, November 7, 2025 at 7:30 a.m. ET.

Investors can join via webcast without registration at https://edge.media-server.com/mmc/p/4d6kaumk; a results presentation will be posted at www.nfigroup.com and questions can be submitted through the webcast platform. Phone participants must pre-register at https://register-conf.media-server.com/register to receive call-in details by email.

A replay will be available from about 12:00 p.m. ET on November 7, 2025 through 11:59 p.m. ET on November 7, 2026 at the webcast link, and additional materials will be posted on the company website.

NFI Group (OTC: NFYEF), a leading bus and coach solutions provider, announced operational challenges in Q3 2025, including a significant battery recall affecting approximately 680 delivered buses. The company reported delivery delays shifting to Q4 2025, primarily due to the battery recall, zero-emission bus timing issues, and ongoing seat supply challenges.

Despite these setbacks, NFI maintains a strong backlog of $13.5 billion as of June 30, 2025, and expects Q4 to be a significant contributor to its 2025 financial performance. The company maintains its guidance to deliver approximately 60% of annual Adjusted EBITDA ($320-360 million) in H2 2025. NFI will record a material warranty provision in Q3 2025 related to the battery recall but maintains strong total liquidity of over $370 million.

NFI Group Inc. (OTC: NFYEF), a leader in bus and coach mobility solutions, has released its 2024 Sustainability Report highlighting the company's environmental, social, and operational achievements. The report, structured around NFI's Sustainability Pledge of "A Better Product. A Better Workplace. A Better World," reveals significant progress in sustainable transportation.

Key highlights include a record number of zero-emission bus deliveries, representing 23% of total deliveries, and a substantial $12.9 million investment in employee development with over 365,000 training hours. The company expanded its Community Benefits Framework across all subsidiaries and strengthened partnerships with United Way agencies across 21 North American communities.

NFI Group's (OTC: NFYEF) subsidiary Alexander Dennis has officially opened its new U.S. manufacturing facility in Las Vegas, marking a significant milestone as the only facility manufacturing double-deck buses in the United States. The company has invested $15.3 million in the facility, which will initially create over 115 local jobs.

The facility celebrated its launch by delivering the first two of 10 new Enviro500 double deck buses to the Regional Transportation Commission of Southern Nevada (RTC). The facility's current production rate is one bus per week, with plans to increase to 1.5 buses weekly through 2026, enabling production of 75 vehicles annually. Alexander Dennis has already spent $5.5 million with local suppliers over the past year, and the buses are Buy America compliant with over 70% U.S.-sourced components.