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NFI Group (TSE:NFI)
:NFI
Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.07Last Year’s EPS
-0.07Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -32.73%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects significant improvements in financial metrics and a strong demand environment, with challenges related to supply chain disruptions. The long-term outlook remains positive, but short-term issues with suppliers have impacted current operations.Company Guidance
During the NFI Group's Q3 2024 earnings call, the executives provided guidance reflecting significant year-over-year improvements across key financial metrics. The company reported a 375% increase in quarterly adjusted EBITDA and a $161 million improvement on an LTM basis. Gross margin improved to 12.2%, marking the highest level since Q1 2021. The company secured new orders for 1,050 equivalent units, up 8.2% from the previous year, contributing to a record backlog of USD 12 billion, primarily driven by the North American public transit sector. The trailing 12-month book-to-bill ratio was strong at 115%, and the option backlog conversion rate reached 70%. Despite a seat supply disruption impacting approximately 79 equivalent units, NFI maintained a positive outlook, adjusting its 2024 guidance to an adjusted EBITDA range of $210 million to $240 million and projecting over $350 million in 2025. Additionally, aftermarket revenue rose to $153 million, with adjusted EBITDA up 8% year-over-year, reflecting steady demand and improved financial performance across the board.Significant Year-over-Year Improvement
A 375% increase in quarterly adjusted EBITDA, leading to a $161 million improvement on an LTM basis. Gross margin improved to 12.2%, the highest since Q1 2021.
Record Backlog and Demand
New orders of 1,050 equivalent units in the quarter, up 8.2% year-over-year, with a $12 billion backlog expected to grow.
Strong Aftermarket Segment
Aftermarket segment delivered $153 million in revenue and $34 million of adjusted EBITDA, up 7% and 8% year-over-year, respectively.
Improved Leverage and Liquidity
Significant decline in leverage ratio from over 14.1x in 2023 to 5.19x in 2024. Proactive temporary waiver obtained to access additional $50 million under secured facilities.
Increased Average Selling Prices
Year-over-year, the average selling price of heavy-duty buses in backlog was up by 17% and up by 62% since 2021. Coaches were up 14% and 27% over the same period.
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TSE:NFI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:NFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$16.59 | C$16.26 | -1.99% |
| Jul 31, 2024 | C$17.15 | C$19.08 | +11.25% |
| May 02, 2024 | C$11.28 | C$12.88 | +14.18% |
| Feb 29, 2024 | C$12.46 | C$12.12 | -2.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NFI Group (TSE:NFI) report earnings?
NFI Group (TSE:NFI) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is NFI Group (TSE:NFI) earnings time?
NFI Group (TSE:NFI) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:NFI EPS forecast?
TSE:NFI EPS forecast for the fiscal quarter 2024 (Q4) is 0.07.
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