FMP
NFI Group Inc. (NFYEF) Reports Strong Financial Results for Fiscal Year 2024
Mar 14, 2025 12:00 AM - Alex Lavoie
Image credit: Google Images
- Record backlog of $12.8 billion indicating strong demand for NFI's bus and coach mobility solutions.
- Earnings per share (EPS) of $0.11, surpassing the estimated EPS, showcasing improved financial performance.
- Adjusted EBITDA rose by 76.4% year-over-year, highlighting NFI's growth in the bus and coach mobility sector.
NFI Group Inc., trading under the symbol NFYEF on the PNK exchange, specializes in propulsion agnostic bus and coach mobility solutions. The company has reported strong financial results for the fourth quarter and fiscal year 2024, showcasing a record backlog of $12.8 billion.
On March 13, 2025, NFYEF reported an earnings per share (EPS) of $0.11, surpassing the estimated EPS of $0.05. This reflects the company's improved financial performance, as highlighted by its net earnings for the quarter, which were $18.6 million, an increase of $20.9 million.
NFI generated a revenue of $837 million, slightly below the estimated $884.6 million. However, this still marks a 5.1% increase compared to the previous year. The company's gross margin improved to $92.3 million, a 6.1% increase from the fourth quarter of 2023, with a margin percentage of 11.0%. This indicates a stronger financial position despite the revenue shortfall.
The adjusted EBITDA for the quarter saw a substantial rise of 76.4% year-over-year, amounting to $67.9 million. For the entire fiscal year 2024, the adjusted EBITDA was $214.4 million, representing an increase of $145.2 million. These figures highlight NFI's strong performance and growth in the bus and coach mobility sector.
Despite these positive results, NFI's financial ratios indicate some challenges. The price-to-sales ratio stands at about 0.29, and the enterprise value to sales ratio is approximately 0.66. The enterprise value to operating cash flow ratio is around 38. The debt-to-equity ratio is about 1.72, suggesting a relatively high level of debt. However, the current ratio of approximately 1.71 indicates a reasonable level of liquidity to cover short-term liabilities.
Other Blogs
May 27, 2024 3:30 PM - Rajnish Katharotiya
The best 5 GPU stocks other than NVDA
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...
Jun 10, 2024 3:46 AM - Parth Sanghvi
Fixed Costs vs Variable Costs: Understanding Cost Structures
Understanding the difference between fixed and variable costs is essential for managing a business’s finances. These costs form the foundation of any cost structure and play a critical role in pricing, budgeting, and profit margin analysis. In this guide, we will explore what fixed and variable cost...
Jul 10, 2024 2:34 AM - Parth Sanghvi
Capital Budgeting Techniques: NPV, IRR, and More - A Comprehensive Guide
Capital budgeting is a critical financial process that companies use to evaluate and select long-term investments or projects. It involves assessing potential expenditures and determining their profitability to ensure that resources are allocated effectively. This comprehensive guide covers essentia...
