NFI Group Q2 revenue misses estimates

NFI

31/07/2025 22:10

Overview

NFI Q2 revenue rises 2% yr/yr, missing analyst expectations

Adjusted EPS beats estimates, reflecting operational improvements

Net loss impacted by non-recurring items totaling $167.6 mln

Outlook

NFI maintains 2025 revenue guidance of $3.8 bln to $4.2 bln

Company expects 2025 adjusted EBITDA of $320 mln to $360 mln

NFI sees 2025 ROIC between 9% and 12%

Zero-emission buses to account for 35%-40% of 2025 sales

Result Drivers

REVENUE GROWTH - Driven by improved pricing and product mix in manufacturing segment

SUPPLY CHAIN IMPROVEMENTS - New seat supplier came online ahead of schedule, aiding operational objectives

BACKLOG INCREASE - Strong order activity and demand for zero-emission buses boosted backlog

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$868.20 mln
$905.40 mln (5 Analysts)
Q2 Adjusted EPS
Beat
$0.09
$0.07 (4 Analysts)
Q2 EPS
-$1.35
Q2 Adjusted Net Income
$10.70 mln
Q2 Net Income
-$160.80 mln
Q2 Adjusted EBITDA
$70.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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$22.00, about 13.5% above its July 30 closing price of C$19.02

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX864NMH

(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.)