reports
NFI Announces Second Quarter Results
NFI Announces Second Quarter Results Improvements in Revenue, Gross Margin, Adjusted EBITDA1 and Liquidity with a total backlog of $13.5 billion WINNIPEG, Manitoba, July 31, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in propulsion-agnostic bus and coach mobility solutions, today announced its unaudited interim condensed consolidated financial results for the second quarter of 2025. All figures quoted in U.S. dollars unless otherwise noted. Second Quarter Highlights Deliveries: 1,076 equivalent units ("EUs"), with 30.9...
NFI subsidiary New Flyer awarded 46 bus order from Las Vegas RTC
NFI subsidiary New Flyer awarded 46 bus order from Las Vegas RTC New Flyer further enhances RTC’s fleet, exclusively comprised of NFI’s advanced vehicles ST. CLOUD, Minn., July 31, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced a firm award from the Regional Transportation Commission of Southern Nevada (RTC) for 46 Xcelsior® CNG 40-foot transit buses. The purchase was supported by Federal Transit Administration funds and...
NFI’s MCI awarded expansion order from Metrolinx, strengthening leader...
NFI’s MCI awarded expansion order from Metrolinx, strengthening leadership in the commuter coach market WINNIPEG, Manitoba, July 28, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary Motor Coach Industries (MCI), has secured a second order from Metrolinx, deepening a key partnership and strengthening its leadership in North America’s commuter coach sector. Metrolinx, an agency of the Government of Ontario serving the Greater Toronto and Hamilton Area, is dedicated to improving tr...
NFI’s New Flyer launches extended range option for Xcelsior CHARGE FC™...
NFI’s New Flyer launches extended range option for Xcelsior CHARGE FC™ hydrogen fuel cell-electric bus The option adds up to 120 miles of range for longer service routes ST. CLOUD, Minn., July 17, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today unveils a major range-boosting innovation for its Xcelsior CHARGE FC™ 40-foot hydrogen fuel cell-electric bus (FCEB). The new optional hydrogen four-tank-module significantly extends vehicle ...
NFI subsidiary New Flyer receives significant order from Ottawa-Carlet...
NFI subsidiary New Flyer receives significant order from Ottawa-Carleton’s OC Transpo for 124 Xcelsior Charge NG™ buses WINNIPEG, Manitoba, July 09, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer Industries Canada ULC (New Flyer), today announced a significant order from OC Transpo, in Ottawa. The order includes 124 Xcelsior CHARGE NG™ 40-foot battery-electric transit buses, further advancing OC Transpo’s commitment to fleet electrification and sustainable transit. ...
Suffolk County Transit Chooses NFI’s New Flyer to Modernize Fleet with...
Suffolk County Transit Chooses NFI’s New Flyer to Modernize Fleet with 132 Next-Generation Buses ST. CLOUD, Minn., July 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), has been awarded a contract from Suffolk County Transit for up to 132 buses over the next five years, including 92 Xcelsior® hybrid-electric 35-foot buses and 40 Xcelsior CHARGE NG™ battery-electric 40-foot buses, the county’s first step toward adopting a more energy-div...
NFI schedules second quarter 2025 financial results and conference cal...
NFI schedules second quarter 2025 financial results and conference call WINNIPEG, Manitoba, June 30, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced it intends to release its second quarter 2025 financial results on Thursday, July 31, 2025 after market close, with a conference call and webcast to discuss the results on Friday, August 1, 2025, at 8:30 a.m. (Eastern Time, ET). For attendees who wish to join by webcast, registration is not required; the event ca...
NFI’s New Flyer secures order from Brampton Transit for additional 55 ...
NFI’s New Flyer secures order from Brampton Transit for additional 55 buses WINNIPEG, Manitoba, June 23, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer Industries Canada ULC (New Flyer), will deliver 55 new Xcelsior® buses to Brampton Transit, expanding the city's fleet with next-generation transit solutions. The new order includes 20 Xcelsior® hybrid-electric 40-foot buses and 35 Xcelsior® clean-diesel 60-foot buses (70 equivalent units). This award will be included...
NFI subsidiary New Flyer signs a major contract with New Jersey Transi...
NFI subsidiary New Flyer signs a major contract with New Jersey Transit for up to 750 buses ST. CLOUD, Minn., June 16, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI, or the Company) a leader in innovative, propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced a milestone contract from the New Jersey Transit Corporation (NJ TRANSIT) for the purchase of up to 750 Xcelsior® 60-foot clean-diesel transit buses (1,500 equivalent units or EUs). The contract includes an initial firm order for 2...
NFI Announces Completion of $600 million Second Lien Notes Offering
NFI Announces Completion of $600 million Second Lien Notes Offering NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES WINNIPEG, Manitoba, June 13, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI, or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced that its subsidiary, New Flyer Holdings, Inc. (the Issuer), has completed its previously announced private offering of $600 million in aggregate principal amount of 9.250% second lien senior secured notes due 2030 (the Notes). NF...
NFI Subsidiary Alexander Dennis announces consultation on UK manufactu...
NFI Subsidiary Alexander Dennis announces consultation on UK manufacturing strategy LARBERT, United Kingdom, June 11, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, announced today that its subsidiary, Alexander Dennis Limited (Alexander Dennis), is entering into a consultation on a new strategy for its United Kingdom (UK) manufacturing operations. The refocused strategy results from the completion of a detailed business review and is intended to adjust the UK business to changing market d...
NFI Announces Pricing of $600 million Second Lien Notes Offering
NFI Announces Pricing of $600 million Second Lien Notes Offering NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES WINNIPEG, Manitoba, May 30, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leader in propulsion agnostic bus and coach mobility solutions, today announced that its subsidiary, New Flyer Holdings, Inc. (the “Issuer”), has entered into a binding purchase agreement with a syndicate of initial purchasers and priced its previously announced private offering of senior secured notes. The Co...
NFI Announces the Launch of Offering of $600 million Second Lien Notes
NFI Announces the Launch of Offering of $600 million Second Lien Notes NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES WINNIPEG, Manitoba, May 28, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”) a leader in propulsion-agnostic bus and coach mobility solutions, today announced that its subsidiary, New Flyer Holdings, Inc. (the “Issuer”), intends to offer, subject to market conditions, $600 million in aggregate principal amount of second lien senior secured notes (the “Notes”) in a private offering. ...
NFI Announces Election of Directors
NFI Announces Election of Directors WINNIPEG, Manitoba, May 12, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, is pleased to announce that the ten nominees listed in the dated March 21, 2025, were elected as directors of the Board at the Company’s annual and special meeting of shareholders (the Shareholder Meeting) held on Friday May 9, 2025. The detailed results of the vote for the election of directors held at the Shareholder Meeting are set out below. Name of NomineeVotes For% ForVotes...
NFI Announces First Quarter Results
NFI Announces First Quarter Results Record backlog of $13.7 billion and improvements in Revenue, Adjusted EBITDA¹ and ROIC¹; reaffirms 2025 Guidance WINNIPEG, Manitoba, May 08, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in propulsion-agnostic bus and coach mobility solutions, today announced its unaudited interim condensed consolidated financial results for the first quarter of 2025. All figures quoted in U.S. dollars unless otherwise noted. First Quarter Highlights Deliveries: 1,028 equivalent units ("EUs"), with 33...
NFI Announces New $845 Million First Lien Senior Credit Facility
NFI Announces New $845 Million First Lien Senior Credit Facility New agreement replaces existing first lien senior facilities and enhances NFI's flexibility to execute on record backlog WINNIPEG, Manitoba, May 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leader in propulsion-agnostic bus and coach mobility solutions, today announced that it and certain of its subsidiaries (collectively, the Company) have entered into a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845 million, which includes $300 mill...
NFI Announces Updates to Board Leadership
NFI Announces Updates to Board Leadership WINNIPEG, Manitoba, April 15, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI, or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced that Colin Robertson, previously Vice Chair of the Board, has been appointed Chair of the Board, succeeding Chan Galbato, who has decided to step down from the Board to pursue other opportunities. NFI Vice Chair Larry Edwards will assume the role of Lead Independent Director. “On behalf of the Company, I would like to thank Mr. Galbato fo...
NFI schedules release of first quarter 2025 financial results and prov...
NFI schedules release of first quarter 2025 financial results and provides details about Annual and Special Meeting of Shareholders WINNIPEG, Manitoba, April 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced the release date of its first quarter of 2025 (Q1 2025) financial results and notes that the Company’s Board of Directors (Board) has set the date for its Annual and Special Meeting of Shareholders for May 9, 2025 at 12:00 p.m. Eastern Time (ET). First ...
NFI subsidiary New Flyer secures two Maryland Transit Administration o...
NFI subsidiary New Flyer secures two Maryland Transit Administration orders for a total of 117 low- and zero-emission Xcelsior® buses ST. CLOUD, Minn., March 17, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion agnostic bus and coach mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced new firm orders from the Maryland Transit Administration (the agency) for a total of 117 buses (127 equivalent units or EUs). These awards consist of: 50 Xcelsior® 40-foot hybrid-electric buses (50 EUs) and 20 Xcelsi...
Ontario’s York Region Transit signs contract for 170 buses from NFI su...
Ontario’s York Region Transit signs contract for 170 buses from NFI subsidiary New Flyer WINNIPEG, Manitoba, March 14, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer, subsidiary New Flyer Industries Canada ULC (New Flyer), today announced it has been awarded a significant contract with York Region Transit (YRT) for 170 Xcelsior® clean-diesel transit buses (268 equivalents units or EUs). This contract strengthens New Flyer’s position as a premier provider of sustainable mobility solutions and is part of N...
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