Nfi Group Inc Stock Price, News & Analysis

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.

NFI Group Inc. (NFYEF) has secured a new $845 million First Lien Senior Credit Facility, replacing its existing facilities that had an $801 million limit. The new facility includes $300 million in letter of credit availability and has a two-year term with potential for a two-year extension. The agreement provides improved covenants, increased liquidity, and greater financial flexibility to execute NFI's record backlog. The facility includes specific financial covenants regarding Total Leverage Ratio (4.75x), Senior Secured Leverage Ratio (≤3.00x), and Interest Coverage Ratio (ranging from 1.25x to >2.50x). A minimum liquidity covenant of $50 million will be effective from Q3 2025. National Bank of Canada serves as Administrative Agent, with five major banks as Co-Lead Arrangers.

NFI Group Inc. (TSX: NFI, OTC: NFYEF) announced key changes to its Board leadership. Colin Robertson, previously Vice Chair of the Board, has been appointed as the new Board Chair, replacing Chan Galbato who stepped down to pursue other opportunities. Larry Edwards will take on the role of Lead Independent Director.

Robertson, who has served on NFI's Board since 2020, brings over 30 years of global manufacturing and leadership experience, including 13 years as CEO of Alexander Dennis (acquired by NFI in 2019). His previous executive roles include positions at Cummins Inc. and Terex

Following Galbato's departure, his nomination has been withdrawn from the upcoming shareholder meeting, where the company will proceed with ten other director candidates.

NFI Group Inc. (NFYEF) has announced key upcoming events for Q1 2025. The company will release its first quarter 2025 financial results on Thursday, May 8, 2025, after market close, followed by a conference call and webcast on Friday, May 9, 2025, at 8:30 a.m. ET.

The company's Annual and Special Meeting of Shareholders is scheduled for May 9, 2025 at 12:00 p.m. ET, to be held both in-person in Winnipeg, Manitoba, and virtually. NFI has nominated eleven current Board members for re-election, including Chair Chan Galbato and CEO Paul Soubry.