Nfi Group (NFYEF) Stock News

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.

NFI Group (OTC: NFYEF) reported its Q2 2025 results, showing improvements across key metrics. Revenue increased 2.0% to $868.2 million, with gross profit up 14.6% to $116.2 million. The company delivered 1,076 equivalent units, with 30.9% being zero-emission buses.

The quarter saw a net loss of $160.8 million ($1.35 per share), primarily due to non-recurring items totaling $167.6 million. Adjusted EBITDA grew 19.2% to $70.8 million. The company's backlog reached $13.5 billion, up 14.4% year-over-year, with zero-emission buses representing 35.3% of total backlog units.

NFI completed a significant refinancing, including a new $700 million revolving credit facility and $600 million in secured notes, improving total liquidity to $326.7 million. The company maintained its 2025 guidance, projecting revenue of $3.8-4.2 billion and Adjusted EBITDA of $320-360 million.

NFI Group (OTC:NFYEF) announced that its subsidiary New Flyer has received a firm order from the Regional Transportation Commission of Southern Nevada (RTC) for 46 Xcelsior® CNG 40-foot transit buses. The order, supported by Federal Transit Administration funds, is part of a larger contract for up to 129 buses added to New Flyer's backlog in Q1 2025.

The Xcelsior CNG buses will deliver 90% lower nitrogen oxide emissions compared to diesel engines and meet particulate matter requirements without filtration. This order builds on NFI's 30-year partnership with RTC, whose fleet exclusively comprises NFI Group vehicles, including ARBOC and Alexander Dennis buses, serving Clark County's population of over 2.3 million.

NFI Group (OTC:NFYEF) has unveiled a significant upgrade for its Xcelsior CHARGE FC™ 40-foot hydrogen fuel cell-electric bus, introducing an optional four-tank-module that extends the vehicle's range by up to 120 miles. The enhancement adds 17.5 kilograms of additional onboard fuel capacity, representing a 50% increase.

The technology has been successfully implemented by Humboldt Transit Authority in northern California, demonstrating exceptional performance on challenging routes. The enhanced Xcelsior CHARGE FC features include a lighter fuel cell power module, recyclable high-power batteries, improved waterproof battery enclosures, and a more efficient electric drive system with up to 90% energy recovery.

NFI Group Inc. (OTC: NFYEF) has secured a significant contract from Suffolk County Transit for up to 132 next-generation buses over five years. The order comprises 92 Xcelsior® hybrid-electric 35-foot buses and 40 Xcelsior CHARGE NG™ battery-electric 40-foot buses, marking Suffolk County's initial move toward a more energy-diverse fleet.

The contract builds upon an existing partnership, with Suffolk County Transit already operating 73 New Flyer Xcelsior® hybrid-electric buses. The new vehicles will be manufactured in the United States, featuring a common platform that enables shared parts, tools, and training across hybrid and battery-electric models, optimizing operational efficiency.

NFI Group Inc. (OTC: NFYEF), a leader in propulsion-agnostic bus and coach mobility solutions, has scheduled its second quarter 2025 financial results release for Thursday, July 31, 2025, after market close.

The company will host a conference call and webcast to discuss the results on Friday, August 1, 2025, at 8:30 a.m. ET. A results presentation will be available during the webcast, and attendees can submit questions to management through the platform. The webcast replay will be available until August 1, 2026.

NFI Group's subsidiary New Flyer has secured a significant contract with New Jersey Transit for up to 750 Xcelsior 60-foot clean-diesel transit buses, equivalent to 1,500 units. The deal includes a firm order for 200 buses (400 equivalent units) with deliveries starting in 2026, and options for 550 additional buses. This order, added to New Flyer's Q1 2025 backlog, represents one of the company's largest clean-diesel bus procurements. The contract builds on a 25-year partnership with NJ TRANSIT, which operates over 3,500 vehicles and provides 225 million annual passenger trips. The new buses will replace aging vehicles as part of NJ TRANSIT's plan to modernize its fleet by 2031, featuring improved comfort, reliability, and accessibility.

NFI Group Inc. (NFYEF), a leader in propulsion-agnostic bus and coach mobility solutions, has announced the successful election of ten directors to its Board at the annual and special meeting of shareholders held on May 9, 2025. The election saw strong shareholder support, with all nominees receiving over 90% approval. Katherine Winter received the highest approval rate at 99.13%, while Adam Gray received the lowest but still substantial support at 91.38%.

NFI Group reported strong Q1 2025 results with significant improvements across key metrics. Revenue increased 16.4% year-over-year to $841.4 million, while Adjusted EBITDA grew 84.4% to $62.7 million. The company achieved a record backlog of $13.7 billion, up 16.6% year-over-year, with ZEBs representing 36.5% of total backlog units. Despite these improvements, NFI posted a net loss of $6.5 million, though this represents a $2.9 million improvement from Q1 2024. The company delivered 1,028 equivalent units, with 33.9% being zero-emission buses. NFI secured a new $845 million credit agreement in May 2025, enhancing liquidity. The company reaffirmed its 2025 guidance, projecting revenue of $3.8-4.2 billion and Adjusted EBITDA of $320-360 million, despite ongoing challenges with seat supply and UK market conditions.