Brief: Nfi Announces Fourth Quarter And Full Year 2022 Results And Multi-Year Guidance

NFI

01/03/2023 15:07

NFI Group Inc  NFI.TO :
    * NFI ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS
AND
MULTI-YEAR GUIDANCE
    * NFI GROUP INC Q4 REVENUE $683.0 MILLION
    * NFI GROUP INC QTRLY NET LOSS PER SHARE OF $1.94 AND
ADJUSTED NET
LOSS PER SHARE OF $0.31
    * NFI GROUP INC - ANNOUNCED NEW FINANCIAL FOR 2023 AND 2024
INCLUDING ADJUSTED EBITDA RANGES OF $30 MILLION TO $60 MILLION &
$250 MILLION TO $300 MILLION RESPECTIVELY
    * NFI GROUP INC - NFI UPDATES 2025 ADJUSTED EBITDA TARGET TO
APPROXIMATELY $400 MILLION AND ROIC OF GREATER THAN 12%
    * NFI GROUP INC - ONGOING SUPPLY CHAIN DISRUPTION PLUS
LONGER
SUPPLIER LEAD TIMES HAVE PUSHED OUT EXPECTED RAMP UP OF
PRODUCTION TO SECOND HALF OF 2023
    * NFI GROUP INC - NFI ANTICIPATES ITS SUPPLY CHAINS AND
PARTS
AVAILABILITY WILL CONTINUE TO IMPROVE
    * NFI GROUP INC - ANTICIPATES WILL BE ABLE TO SOURCE
ADDITIONAL
LABOUR REQUIRED TO DRIVE HIGHER PRODUCTION AND VOLUME DELIVERIES
IN 2023
    * NFI GROUP INC -SEES 2023 REVENUE $2.5 TO $2.8 BILLION;
SEES 2024
REVENUE $3.2 TO $3.6 BILLION; SEES 2025 REVENUE ABOUT $4 BILLION

Source text for Eikon:  ID:nGNX9vrNd5 
Further company coverage:  NFI.TO