NFI GROUP INC - NFYEF STOCK NEWS

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.

Boston has ordered 80 advanced zero-emission buses from NFI subsidiary New Flyer, with options for an additional 380 buses. The purchase marks a significant step in transitioning to an all-electric bus fleet for the Massachusetts Bay Transportation Authority. The contract includes a firm order for 80 Xcelsior CHARGE NG™ 40-foot battery-electric transit buses, funded by the FTA Low-No grant program. New Flyer's latest three-door design option ensures faster, more flexible boarding and an enhanced passenger experience.

New Flyer of America Inc., a subsidiary of NFI Group Inc., secures two contracts with the New York City Transit Authority for 429 Xcelsior buses with options for 1,661 more over five years. The contracts add 3,050 equivalent units to NFI's backlog, supporting NYCT's goal of transitioning to zero-emission buses by 2040.

NFI Group Inc. announces a firm order for 33 zero-emission Enviro500EV buses by Sound Transit, marking the introduction of Alexander Dennis' next-generation electric bus technology to North America. The buses will serve the new Stride bus rapid transit in the Seattle metropolitan area, enhancing range and operational performance with inductive opportunity charging. NFI is a leader in zero-emission mobility with electric vehicles operating in multiple countries.

NFI Group Inc. announces participation in a Clean Bus Manufacturing Roundtable at the White House, highlighting key recommendations and actions to support U.S. bus manufacturers. The company also discloses the release of a Dear Colleague letter by the FTA and $1.5 billion federal funding to modernize bus fleets.

NFI Group Inc. (NFI) announced that its subsidiary, Alexander Dennis Limited, will supply Enviro500 double-deck buses to Spokane Transit Authority, marking the first double-deck transit buses in Spokane, Washington. The buses will serve the Cheney service, with a combined average weekday ridership of 1,900 daily boardings, and are expected to be delivered in 2025. The order reflects NFI's leadership in electric mass mobility solutions and its commitment to zero-emission mobility.

NFI Group Inc. (NFI) confirmed Stagecoach as the launch customer for its Enviro100EV small zero-emission bus, supported by the ScotZEB fund. The bus, powered by Voith Electrical Drive System, has a range of up to 285 miles and features a future-proof battery system. Stagecoach's Chief Operating Officer, Sam Greer, and Alexander Dennis President & Managing Director, Paul Davies, expressed their excitement for the partnership.

NFI Group Inc. recaps a successful week at the APTA TRANSform Conference and EXPO, showcasing its mobility solutions ecosystem and market-leading vehicle lineup.