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. reports developments tied to its bus and coach manufacturing business and its aftermarket parts and service operations. News commonly covers orders from public transit agencies for platforms such as Alexander Dennis Enviro500 double-deck buses and New Flyer Xcelsior compressed natural gas transit buses, along with backlog, production-rate, supply-chain and fleet-modernization updates.
Company updates also include quarterly and annual financial results, guidance commentary, manufacturing footprint actions, leadership changes within operating businesses such as Motor Coach Industries, and shareholder meeting matters including director elections.
NFI Group Inc. announced the election of a new director, Anne Marie O’Donovan, at the annual general meeting. She will also serve as the new chair of the Audit Committee. The other nine nominees listed in the management information circular were also elected as directors. The Board expresses confidence in NFI's management team and its position in the market.
NFI Group Inc. announced its first-quarter 2024 financial results, showcasing a revenue of $723 million, a record high backlog of 14,783 units valued at $11.7 billion, and a net loss of $9 million. Despite challenges like supply chain issues, the company remains optimistic about revenue growth and delivery improvements.
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