Canada's NFI Group Q1 revenue, asdjusted EPS miss analyst estimates

NFI

07/05/2026 22:15

Overview

Canada bus and coach maker's Q1 revenue was flat yr/yr, missing analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Gross profit and adjusted EBITDA rose sharply, driven by higher-margin deliveries and improved execution

Outlook

NFI reaffirms 2026 revenue guidance of $3.9 bln to $4.2 bln

Company expects 2026 Adjusted EBITDA of $370 mln to $410 mln

Result Drivers

HIGHER-MARGIN DELIVERIES - Co said improved gross profit and earnings were driven by delivering higher-margin units from backlog and a favorable sales mix

AFTERMARKET GROWTH - Increased public and private market parts sales boosted aftermarket revenue and earnings

COST DISCIPLINE AND RESTRUCTURING - Targeted restructuring actions, especially at Alexander Dennis, and ongoing cost discipline supported profitability

Company press release: ID:nGNXrrCpz

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$842 mln
$914.84 mln (5 Analysts)
Q1 Adjusted EPS
Miss
$0.18
$0.21 (5 Analysts)
Q1 EPS
$0.10
Q1 Adjusted Net Income
$21.80 mln
Q1 Net Income
$11.50 mln
Q1 Adjusted EBITDA
$86.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for Nfi Group Inc is C$24.00, about 13.3% above its May 6 closing price of C$21.19

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)