Canadian bus maker NFI Q3 revenue misses estimates

NFI

06/11/2025 22:46

Overview

NFI Group Inc Q3 revenue rises 23.7% yr/yr but misses analyst expectations

Adjusted EPS for Q3 misses consensus, impacted by battery recall costs

Company reports net loss of $140.9 mln due to battery recall provisions

Outlook

NFI narrows 2025 revenue guidance to $3.5-$3.7 bln

Company expects highest quarterly Adjusted EBITDA in Q4 2025

NFI sees tariffs as pass-through costs, impacting private coach demand

Result Drivers

BATTERY RECALL IMPACT - Net loss driven by $229.9 mln provision for battery recall, affecting approximately 700 buses

REVENUE GROWTH - Revenue increased 23.7% yr/yr to $879.9 mln, driven by improved pricing and stronger product mix

ADJUSTED EBITDA INCREASE - Adjusted EBITDA rose 52.1% yr/yr to $80.9 mln, attributed to higher revenue and improved margins

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$879.90 mln
$973.10 mln (4 Analysts)
Q3 Adjusted EPS
Miss
$0.10
$0.19 (4 Analysts)
Q3 EPS
-$1.18
Q3 Adjusted Net Income
$12.10 mln
Q3 Net Income
-$140.90 mln
Q3 Adjusted EBITDA
$80.90 mln


Press Release: ID:nGNX9d7LP6

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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.)