NFI Group

NFI Group reported revenue of $842 million for Q1 2026, missing analyst expectations, but showed a marked operational recovery: adjusted EBITDA rose 37.3% to $86.1 million (margin 10.2%) and adjusted net income was $21.8 million. Drivers were mainly the manufacturing segment and a favorable product mix; gross margin improved by 450 basis points. The order backlog remained robust at $13.0 billion, with 43% of orders for zero-emission vehicles, and net debt fell significantly (debt ratio from 11.38x to 3.46x). NFI confirmed its 2026 guidance (revenue $3.9–4.2 billion, adjusted EBITDA $370–410 million) despite challenges in the UK, tariffs and a battery recall. » Altro su de.investing.com

NFI Group increased adjusted EBITDA by 78.7% in the fourth quarter of 2025 and achieved record margins, although revenue of $1.03bn missed analyst consensus. Adjusted EPS of $0.50 substantially beat expectations; the company improved gross margins, free cash flow and significantly reduced debt. CEO John Sapp emphasizes operational excellence and market leadership and guides 2026 revenue of $3.9–4.2bn and adjusted EBITDA of $370–410m. Despite one‑time impacts from a battery recall, restructurings and tariffs, order intake remains robust and demand for zero‑emission buses is high. » Altro su de.investing.com

NFI has opened a new acceptance and delivery plant in Winnipeg and is for the first time in 15 years manufacturing heavy transit buses entirely in Canada. The facility started production in September 2025, delivered the first Canada-built bus in December 2025, and is expected to increase capacity by up to 240 equivalent units per year by 2027; financing came from federal, provincial and internal funds. The plant produces zero-emission buses, relieves U.S. sites serving the U.S. market and comes against a backdrop of revenue growth of 11% to $3.4 billion and a 51% share return last year; NFI will report results on March 11. » Altro su de.investing.com