NFI announces second quarter 2024 results All figures quoted in U.S. dollars unless otherwise noted:
- 2024 Q2 revenue of $851 million; 1,246 equivalent units ("EUs") delivered, up 34% from 2023 Q2, with 284 EUs, or 23% of total deliveries being battery- and fuel cell-electric buses ("ZEBs").
- 2024 Q2 Net earnings of $3 million; Net earnings per Share of $0.02, and Adjusted Net Earnings per Share2 of $0.03. First positive net earnings quarter since 2021 Q2.
- New orders of 1,114 EUs and total ending backlog2 position (both firm and options) of 14,605 EUs (valued at $11.8 billion), ZEBs represent 41% of total backlog2.
- 2024 Q2 Adjusted EBITDA2 of $59 million. Free Cash Flow of $1.1 million and Total Liquidity2 position of $179 million.
- Aftermarket segment delivers record quarterly revenue of $162 million, with $35 million of Adjusted EBITDA2.
- Reconfirm financial guidance for Fiscal 2024 as announced on January 17, 2024, including Adjusted EBITDA2 range of $240 to $280 million; and 2025 Adjusted EBITDA2 target of greater than $350 million.
WINNIPEG, Manitoba, July 31, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in zero-emission electric mobility solutions, today announced its unaudited interim condensed consolidated financial results for the second quarter of 2024.
NFI announces second quarter 2024 results (globenewswire.com)