Canada's NFI Group Q2 revenue beats estimates; lifts FY guidance

NFI

06/08/2026 22:12

Overview
Canada bus and motorcoach maker's Q2 revenue rose 19%, beating analyst expectations
Adjusted EPS for Q2 was in line with analyst expectations
Company cites higher deliveries and strong aftermarket demand, including FIFA World Cup support

Outlook
NFI Group raises 2026 revenue guidance to $4.0 bln-$4.2 bln
Company expects 2026 Adjusted EBITDA of $385 mln-$415 mln
NFI says tariffs and trade policy changes could adversely affect future results

Result Drivers
HIGHER DELIVERIES - Increased North American transit and motorcoach deliveries supported manufacturing revenue growth
AFTERMARKET DEMAND - Record aftermarket revenue and earnings growth were driven by increased public sales volumes and FIFA World Cup-related demand
MARGIN IMPROVEMENT - Improved margins in manufacturing and aftermarket segments contributed to higher gross profit and net earnings

Company press release: ID:nGNX23ZPxC

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.03 bln
$986.51 mln (6 Analysts)
Q2 Adjusted EPS
Meet
$0.23
$0.23 (5 Analysts)
Q2 EPS
 
$0.15
 
Q2 Adjusted Net Income
 
$27.50 mln
 
Q2 Net Income
 
$17.40 mln
 
Q2 Adjusted EBITDA
 
$104 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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$28.00, about 11.5% above its August 5 closing price of C$25.12
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

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(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.)