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New Flyer Industries Inc (NFI.TO)

NFI.TO on Toronto Stock Exchange

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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
Thursday, 21 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
Friday, 17 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

New Flyer qtrly earnings per share $0.58
Thursday, 11 Aug 2016 

New Flyer Industries Inc : New Flyer announces 2016 second quarter results . Q2 revenue of $586.9 million increased by 56.5% compared to 2015 Q2 revenue of $375.0 million. .Qtrly earnings per share $0.58.  Full Article

New Flyer Industries Inc Q1 net earnings per share $0.40
Friday, 13 May 2016 

New Flyer Industries Inc : Qtrly revenue of $553.2 million increased by 45.5% compared to 2015 q1 revenue of $380.3 million . Q1 net earnings per share $0.40 .New flyer announces 2016 first quarter results and increase in annual dividend rate.  Full Article

New Flyer Industries Inc Q1 net earnings per share $0.40
Friday, 13 May 2016 

New Flyer Industries Inc : Qtrly revenue of $553.2 million increased by 45.5% compared to 2015 q1 revenue of $380.3 million . Q1 net earnings per share $0.40 .New flyer announces 2016 first quarter results and increase in annual dividend rate.  Full Article

New Flyer Industries Inc. Announces Its First Quarterly Dividend
Tuesday, 15 Mar 2016 

New Flyer Industries Inc:declared a quarterly dividend for the period January 1, 2016 to March 31, 2016, on the common shares of the Company (the "Shares") in the amount of C$0.175 per Share to holders of record at the close of business on March 31, 2016.The dividend will be payable on April 15, 2016.  Full Article

BRIEF-NFI Group Announces Fourth Quarter 2017 Backlog

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