NFI Reports Third Quarter 2026 Results

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NFI Reports Third Quarter 2026 Results

Year-over-year improvements in revenue, gross profit, Free Cash Flow1, Adjusted EBITDA1and net earnings. Closing backlog1of $12.5 billion and tightened guidance.

WINNIPEG, Manitoba, Nov. 05, 2026 (GLOBE NEWSWIRE) — (TSX: NFI, OTC: NFYEF, TSX: NFI.DB)NFI Group Inc. (“NFI” or the “Company”), a leading manufacturer of buses and motorcoaches and a provider of comprehensive aftermarket parts and service solutions, today announced its unaudited interim condensed consolidated financial results for the third quarter of 2026. All figures quoted in U.S. dollars unless otherwise noted.

• Deliveries:1,113 equivalent units (“EUs”), essentially flat with 2025 Q3

• Revenue: $1,007.4 million, an increase of 14.5% from the prior year

• Gross Profit:$149.9 million, a year-over-year increase of 231.1%, positively impacted by higher margins within manufacturing and aftermarket segments, plus impacts of battery recall provision in the prior year

• Net Earnings: $0.1 million, an increase of $141.0 million from 2025 Q3

• Adjusted Net Earnings1: $35.4 million and Adjusted Net Earnings per Share1 of $0.2970, an improvement of $23.2 million from 2025 Q3

• Net cash used in operating activities:$48.0 million, compared with $83.9 million generated in 2025 Q3

• Adjusted EBITDA1:$108.7 million, an increase of 34.3% year-over-year

• Backlog1: Approximately $12.5 billion (7,164 EUs firm and 7,343 EUs options)

• ROIC1:Increased to 14.5%, up from 9.1% in 2025 Q3

• Liquidity1and Total Leverage Ratio1: $661.1 million, an increase of $275.1 million from 2025 Q3. Total Leverage Ratio of 2.79x.

Key financial metrics for 2026 Q3 and the last twelve-month period (LTM) are included in the table below:

“Our team’s focus on production linearity and operational excellence delivered another period of profitable growth. Through consistent execution and improved supplier performance, we increased North American transit bus and motorcoach deliveries, contributing to 47% growth in manufacturing Adjusted EBITDA and stronger margins,” said John Sapp, President and Chief Executive Officer, NFI.