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NFI schedules third quarter 2025 financial results and conference call
Globenewswire· 2025-10-09 11:00
Core Viewpoint - NFI Group Inc. plans to release its third quarter 2025 financial results on November 6, 2025, followed by a conference call on November 7, 2025, at 7:30 a.m. ET to discuss the results [1] Group 1: Financial Results Announcement - The financial results for Q3 2025 will be released after market close on November 6, 2025 [1] - A conference call and webcast to discuss the results will take place on November 7, 2025, at 7:30 a.m. ET [1] Group 2: Webcast and Call Details - Attendees can join the webcast without registration, and a results presentation will be available [2] - For phone attendance, pre-registration is required to receive call-in details [3] - A replay of the call will be accessible from November 7, 2025, at 12:00 p.m. ET until November 7, 2026, at 11:59 p.m. ET [4] Group 3: Company Overview - NFI Group Inc. is a leader in propulsion-agnostic bus and coach mobility solutions, focusing on low- and zero-emission vehicles [5] - The company employs nearly 9,000 team members across ten countries and offers a wide range of sustainable drive systems [6] - NFI supports an installed base of over 100,000 buses and coaches globally, with its shares trading on the Toronto Stock Exchange under the symbol NFI [6]
客车行业惊现4亿巨资招标!
第一商用车网· 2025-09-27 10:55
9月26日,兰州公交集团有限公司2025年纯电动公交车采购项目在兰州市公共资源交易中 心发布。该项目计划采购400辆纯电动公交车,包括12米级纯电动BRT城市公交车、10米 级纯电动城市公交车、8.5米级纯电动城市公交车、8米级纯电动高一级客车和6米级纯电动 城市客车,采购预算共计为40150万元。 | 车型 | 采购数量(台) | 总价(万元) | | --- | --- | --- | | 12米级纯电动BRT城市公交车 | 50 | 5850 | | 10米级纯电动城市公交车 | 160 | 17920 | | 8.5米级纯电动城市公交车 | 100 | 9700 | | 8米级纯电动高一级客车 | 20 | 1640 | | 6米级纯电动城市客车 | 70 | 5040 | | 合计 | 400 | 40150 | 招标公告原文如下: 3. 投标人须具有依法缴纳税收的良好记录(须提供找标截止目前近半年内任意一个月缴纳税收的证明材料),新成立不满1个月的投标人,提供情况说明 证明材料:依法免税或不需要缴纳的投标人,应具有相应证明文件; 4. 投标人须提供社会保障资金缴纳记录(投标人返月缴纳社会保障资金的 ...
NFI provides update for the third quarter of 2025
Globenewswire· 2025-09-26 11:00
Core Viewpoint - NFI Group Inc. has reported delivery delays in Q3 2025 due to a battery recall and other supply chain challenges, but anticipates significant volume growth and margin improvements in Q4 2025 as these issues are resolved [3][8]. Operational and Supply Chain Update - The company experienced delivery delays in Q3 2025, which are expected to negatively impact quarterly results, but anticipates that most delayed vehicles will be delivered in Q4 2025 [3][8]. - A recall was launched for certain zero-emission bus models due to potential battery faults, with interim safety measures provided to customers [4][5]. - NFI expects to record a warranty provision in Q3 2025 related to the recall, but its strong liquidity position of over $370 million will help manage this situation [5][6]. Delivery and Financial Performance - Some planned vehicle deliveries for Q3 have shifted to Q4, primarily from the firm backlog, with expectations of strong year-over-year improvements in delivery volumes and financial metrics in Q4 [8]. - NFI's backlog remains robust at $13.5 billion as of June 30, 2025, with strong market demand, particularly in the UK [8]. - The company is addressing seat supply challenges by diversifying sourcing from alternative suppliers, which will increase the proportion of seats from these suppliers in Q4 2025 [8]. Recall and Warranty Provision - The recall affects approximately 680 delivered buses and a small number of motor coaches, with 37 vehicles currently in production for planned delivery in 2025 [8]. - NFI is working with the battery supplier on a cost recovery plan for the warranty campaign related to the recall [5][8]. Upcoming Financial Results - NFI will release its Q3 2025 financial results on November 6, 2025, with a conference call scheduled for November 7, 2025, to discuss the results [9].
NFI’s Alexander Dennis proposes to maintain bus manufacturing in Scotland
Globenewswire· 2025-09-15 11:00
Core Viewpoint - NFI Group Inc. intends to keep its Scottish manufacturing sites operational following support from the Scottish Government and trade union partners, which is expected to preserve jobs and maintain industrial capability in the region [1][2][6]. Group 1: Company Operations - The decision to maintain operations at Alexander Dennis's Scottish manufacturing sites is supported by a furlough scheme for roles necessary to sustain future manufacturing capacity, running for 26 weeks [3]. - Increased demand for single and double-deck buses has been observed, with confidence in securing further orders to support Scottish manufacturing [4][6]. - The original consultation process was initiated in June due to a changing competitive landscape, and the new proposal allows for continued operations while limiting expected role reductions [7]. Group 2: Government and Stakeholder Support - Scottish First Minister John Swinney confirmed the Scottish Government's support during a visit to the Larbert site, emphasizing the importance of preserving jobs and skills [4][5]. - Collaboration between the Scottish Government, Scottish Enterprise, and trade unions has been crucial in reaching this outcome [6][7]. Group 3: Financial Implications - NFI does not expect any changes to its financial guidance for 2025, and plans to reduce a $14.9 million restructuring provision originally recorded in Q2 2025 in its Q3 2025 financial results [9].
100辆纯电动客车重新招标!
第一商用车网· 2025-08-30 09:49
Core Viewpoint - The Guangzhou Bus Group is initiating a second tender for the procurement of 971 pure electric city buses, specifically focusing on 100 units of 8.5-meter intelligent connected electric buses with a budget of 89 million yuan [1]. Group 1: Tender Announcement - The tender announcement for the second procurement project by Guangzhou Bus Group was published on August 29, detailing the need for 100 units of 8.5-meter pure electric intelligent connected buses [1]. - The total budget allocated for this project is 89 million yuan, sourced from state funds [1]. - The opening of bids is scheduled for September 10, 2025, at 9:30 AM [1]. Group 2: Project Overview - The project is categorized into one bidding section, specifically for the procurement of 100 units of 8.5-meter pure electric intelligent connected buses [1]. - The project has received the necessary approvals and is now ready for public bidding [1]. Group 3: Bidder Requirements - Bidders for the project must meet specific qualification requirements as outlined in the tender announcement, and joint bids are not permitted [1]. Group 4: Bid Submission and Opening - Bidders can obtain the tender documents from September 1, 2025, to September 5, 2025 [1]. - The deadline for submitting bids is September 10, 2025, at 9:30 AM, with electronic submission required [1]. Group 5: Supervision and Contact Information - The supervisory department for this tender is the Guangzhou Bus Group Automotive Service Co., Ltd. [2]. - Contact details for the bidding process include a designated contact person for bid registration and procurement document inquiries [2].
8亿元公交车招标延期!
第一商用车网· 2025-08-15 03:47
Core Viewpoint - The procurement project for 971 pure electric city buses by Guangzhou Bus Group has been postponed, with the new deadline for submitting bids and the opening of bids set for August 20, 2025, at 9:30 AM (Beijing time) [1][2]. Group 1 - The project involves the procurement of 971 pure electric city buses, organized by Guangzhou Bus Group and its affiliated companies [2]. - The new deadline for bid submission and opening has been officially announced, changing from the original date of August 15, 2025 [5]. - The total budget for the project is 805.69 million yuan, divided into five lots, including various models of electric buses [5]. Group 2 - The opening of bids will take place at the specified address in Guangzhou [3]. - Contact information for the bidding organization and procurement units has been provided for further inquiries [4].
NFI releases its Sustainability Report for 2024
Globenewswire· 2025-08-12 12:00
NFI's Sustainability Report offers an annual summary of our products and operations, including highlights of our sustainability initiatives, evolving priorities, and areas of impact. The Report focuses on the three main components of NFI's Sustainability Pledge, "A Better Product. A Better Workplace. A Better World." which guides the Company's daily actions, long-term planning, and drives ongoing improvement. A Better Product: In 2024, NFI expanded our diverse low- to zero-emission product and services port ...
中国汽车行业 - 客车行业展望-China Auto Sector_ Bus Industry Outlook
2025-08-11 02:58
Summary of the Conference Call on the China Bus Industry Industry Overview - The China bus sector is transitioning from a domestic demand-driven market to an export-driven growth sector, with expectations for bus exports to double by 2026 compared to 2023 [2][15] - In 2023, China's bus exports reached a record high of over 30,000 units, marking a 45% year-over-year increase [14] - The global bus market is recovering post-COVID, with demand expected to stabilize between 310,000 to 350,000 units in 2023-2024, still below pre-COVID levels [24] Key Insights on Yutong Bus - Yutong Bus is the largest bus manufacturer in China, holding a 30% market share as of 2024, with 40% of its revenue and 50% of gross profit derived from exports [4][46] - The company has a price target of Rmb38.00 based on discounted cash flow (DCF) analysis and a weighted average cost of capital (WACC) of 5.5% [4][46] - Yutong's sales volume is projected to grow by 5-15% year-over-year from 2025 to 2027 [47] Electric Bus Market - As of 2024, 55% of new buses sold in China are electric, with over 90% of city buses being electric [38] - Chinese bus manufacturers are leading in electric vehicle (EV) technologies, with their products being over 30% cheaper than competitors [3][39] - By 2024, 26% of China's bus exports are expected to be electric buses, targeting markets in the EU, South America, and others [39] Export Dynamics - The main target markets for Chinese e-buses include the EU, South America, and several Asian countries [39] - In H125, China’s bus export volume grew by 17% year-over-year to 25,000 units, while domestic sales declined by 9% [10] - The total addressable market for Chinese buses, excluding high-entry barrier markets, is estimated at 140,000 units annually, indicating a potential doubling of market share for Chinese OEMs by 2026 [15] Competitive Landscape - In emerging markets, Chinese manufacturers face competition from Japanese and Korean brands, while in developed markets, they compete with European and US brands [30][31] - Yutong has a significant presence in the European electric bus market, holding a 16% market share in H125 [37] Risks and Challenges - Upside risks for the bus industry include strong government subsidies for new city buses and faster-than-expected EV penetration in overseas markets [63] - Downside risks include potential tariff increases from the EU on Chinese bus exports and weak domestic demand due to increased adoption of subways and personal vehicles [63][64] Financial Performance Expectations - Yutong's gross profit margin (GPM) and net profit margin (NPM) are expected to expand from 2025 to 2027, with export margins being approximately 10 percentage points higher than domestic margins [50][52] - The company is anticipated to benefit from a better product mix, leading to faster revenue growth compared to sales volume growth [48] This summary encapsulates the key points discussed in the conference call regarding the China bus industry and Yutong Bus, highlighting the transition towards exports, the growth of electric buses, competitive dynamics, and financial performance expectations.
Blue Bird: Shares Need To Slow Down (Rating Downgrade)
Seeking Alpha· 2025-08-10 12:47
Company Overview - Blue Bird Corporation is a bus manufacturer that is significantly investing in the electric bus market, indicating a strategic shift towards sustainable transportation solutions [1]. Recent Performance - The company has experienced a positive trend recently, suggesting strong market performance and potential growth opportunities [1].
NFI’s Alexander Dennis opens Las Vegas manufacturing facility and delivers local Enviro500 double deckers
Globenewswire· 2025-08-06 11:30
Core Viewpoint - The opening of NFI Group Inc.'s new manufacturing facility in Las Vegas marks a significant advancement in the production of double-deck buses for the North American market, enhancing local transportation solutions and economic growth [2][4][8]. Group 1: Manufacturing Facility - The new facility is the only one in the U.S. dedicated to the production of double-deck buses, positioning Las Vegas as a hub for innovative transit solutions [2][4]. - NFI's investment of $15.3 million in the facility underscores its commitment to innovation and local partnerships, with over $5.5 million spent on local suppliers in the past year [4][5]. - The facility currently produces one double-deck bus per week, with plans to increase production to 1.5 buses per week by 2026, totaling 75 vehicles annually [5]. Group 2: Product Details - The Enviro500 buses being produced are 42' 5'' (12.9m) long and 13' 6'' (4.115m) tall, accommodating 100 passengers with various seating arrangements [6]. - The first two of ten new Enviro500 buses have been delivered to the Regional Transportation Commission of Southern Nevada (RTC), enhancing their transit fleet [3][7]. Group 3: Economic Impact - The facility is expected to create over 115 local jobs, contributing to Nevada's economy and providing new career opportunities in manufacturing and transit [5]. - The partnership with RTC, which first introduced double-deck buses in the U.S. in 2005, continues to strengthen local economic ties and support innovative transit solutions [8][9].