Edition:
United Kingdom

New Flyer Industries Inc (NFI.TO)

NFI.TO on Toronto Stock Exchange

56.35CAD
16 Jan 2018
Change (% chg)

-- (--)
Prev Close
$56.35
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
174,813
52-wk High
$57.70
52-wk Low
$39.90

Latest Key Developments (Source: Significant Developments)

NFI Group Announces Fourth Quarter 2017 Backlog
Thursday, 11 Jan 2018 

Jan 10 (Reuters) - New Flyer Industries Inc ::NFI GROUP ANNOUNCES FOURTH QUARTER 2017 ORDERS, BACKLOG AND 2018 OUTLOOK.NEW FLYER INDUSTRIES-AT END OF Q4 2017 ,NFI'S TOTAL BACKLOG WAS 12,157 EUS (VALUED AT $6.02 BILLION) VERSUS 10,187 EUS (VALUED AT $5.23 BILLION) AT END OF Q4 2016.NEW FLYER INDUSTRIES- ‍EFFECTIVE TAX RATE FOR 2018 AND SUBSEQUENT YEARS IS EXPECTED TO BE IN RANGE OF 29% TO 31% BECAUSE OF U.S. TAX REFORM IN DECEMBER​.  Full Article

MCI To Cease Distributing Daimler's Setra Coaches
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - New Flyer Industries Inc ::MCI TO CEASE DISTRIBUTING DAIMLER'S SETRA COACHES.NEW FLYER INDUSTRIES-EVOBUS GMBH TERMINATED DISTRIBUTION RIGHTS AGREEMENT FOR GERMAN BUILT SETRA MOTOR COACHES IN U.S., CANADA EFFECTIVE JUNE 29,2018​.NEW FLYER-DAIMLER'S DECISION WAS BASED ON UNIT'S OWN COMPETING MOTOR COACH MODELS DID NOT ALLOW FOR SUFFICIENT ATTENTION TO SETRA BRAND IN CANADA, U.S..NEW FLYER INDUSTRIES INC - ‍SALES OF NEW SETRA COACHES WILL TRANSFER TO DAIMLER'S NEW NORTH AMERICAN DISTRIBUTOR IMMEDIATELY​.NEW FLYER INDUSTRIES - ‍UNDER TERMS OF DRA, AS PART OF TRANSITION, DAIMLER WILL RE-PURCHASE NEW SETRA COACHES, SERVICE PARTS INVENTORY ON HAND AT MCI​.NEW FLYER INDUSTRIES- PARTS SALES, SERVICE, WARRANTY SUPPORT FOR SETRA COACHES IN SERVICE WILL REMAIN WITH MOTOR COACH INDUSTRIES & TRANSFER MID-2018.  Full Article

New Flyer Industries Says GRT Awarded Unit With a Contract
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - New Flyer Industries Inc ::NEW FLYER INDUSTRIES SAYS GRAND RIVER TRANSIT HAS AWARDED CO'S UNIT WITH A CONTRACT.GRT'S ORDER CONVERTED 39 BUSES FROM OPTION BACKLOG TO FIRM ORDER BACKLOG.  Full Article

New Flyer Acquires Arboc Specialty Vehicles
Friday, 1 Dec 2017 

Dec 1 (Reuters) - New Flyer Industries Inc ::NEW FLYER ACQUIRES ARBOC SPECIALTY VEHICLES.NEW FLYER INDUSTRIES INC - DEAL FOR PURCHASE PRICE OF $95 MILLION.NEW FLYER INDUSTRIES INC - ‍TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO EARNINGS PER SHARE AND FREE CASH FLOW PER SHARE​.NEW FLYER INDUSTRIES INC - NFI GROUP IS USING AVAILABLE CASH AND ITS EXISTING CREDIT FACILITIES TO FINANCE TRANSACTION.NEW FLYER INDUSTRIES INC - EXPECTS ARBOC WILL DELIVER APPROXIMATELY 500 BUSES IN 2018.NEW FLYER INDUSTRIES INC - ‍MANAGEMENT EXPECTS ARBOC TO DELIVER APPROXIMATELY 360 BUSES IN 2017​.NEW FLYER INDUSTRIES - ‍ARBOC'S MANAGEMENT TEAM WILL REMAIN IN PLACE, WITH PRESIDENT AND CHIEF EXECUTIVE OFFICER DON ROBERTS REPORTING TO WAYNE JOSEPH​.  Full Article

New Flyer to invest $28mln to establish a bus and coach parts fabrication facility in Kentucky
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - New Flyer Industries Inc :New Flyer to invest $28 mln to establish a bus and coach parts fabrication facility in Kentucky.‍Production at the Kentucky fabrication facility is expected to commence during Q2 of 2018​.  Full Article

MOTOR COACH INDUSTRIES SAYS ALL-ELECTRIC COMMUTER COACH MODEL D45 CRT LE TO BE RELEASED IN 2020​‍​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Motor Coach Industries::UNVEILING NEW COMMUTER COACH MODEL D45 CRT LE FOR PUBLIC TRANSIT; ALL-ELECTRIC VERSION IN DEVELOPMENT, TO BE RELEASED IN 2020​‍​.  Full Article

County of Fairfax awards contract for up to 500 buses to New Flyer
Monday, 18 Sep 2017 

Sept 18 (Reuters) - New Flyer Industries Inc ::County of Fairfax awards contract for up to 500 clean diesel buses to New Flyer.County of Fairfax Department of Transportation awarded co's unit with contract for 14 Xcelsior clean diesel transit buses​.  Full Article

New Flyer of America investing additional USD $25 million in Anniston, AL
Wednesday, 6 Sep 2017 

Sept 6 (Reuters) - New Flyer Industries Inc :New Flyer of America investing additional USD $25 million in Anniston, AL.New flyer of America Inc says will invest $25 million in building renovations and expansions at its Anniston, Alabama production campus​.  Full Article

Edmonton awards New Flyer a contract for 110 clean diesel buses
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - New Flyer Industries Inc :Edmonton awards New Flyer a contract for 110 clean diesel buses.New Flyer Industries Inc - new award will add a total of 230 equivalent units to new flyer's firm and option backlog.  Full Article

New Flyer reports Q2 earnings per share $0.69
Wednesday, 9 Aug 2017 

Aug 10 (Reuters) - New Flyer Industries Inc -:New Flyer announces 2017 second quarter results and increases in 2017 projected deliveries.New Flyer Industries Inc says increased fiscal 2017 projected deliveries of new transit buses and motor coaches to 3,800 eus.Q2 earnings per share $0.69.Q2 revenue rose 4.5 percent to $613.4 million.Q2 earnings per share view $0.62, revenue view $623.6 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-NFI Group Announces Fourth Quarter 2017 Backlog

* NFI GROUP ANNOUNCES FOURTH QUARTER 2017 ORDERS, BACKLOG AND 2018 OUTLOOK