NFI Group (TSE:NFI) has released an update.
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NFI Group Inc. experienced a robust first quarter in 2024, with a 42% increase in deliveries including a surge in zero-emission buses, leading to a record backlog valued at $11.7 billion. Despite this, the company reported a net loss of $9 million, although their aftermarket segment achieved a record quarter with $160 million in revenue. NFI maintains its financial outlook for the year, projecting substantial growth in Adjusted EBITDA.
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