Overview

* NFI Group Inc ( NFYEF ) Q3 revenue rises 23.7% yr/yr but misses analyst expectations

* Adjusted EPS for Q3 misses consensus, impacted by battery recall costs

* Company reports net loss of $140.9 mln due to battery recall provisions

Outlook

* NFI narrows 2025 revenue guidance to $3.5-$3.7 bln

* Company expects highest quarterly Adjusted EBITDA in Q4 2025

* NFI sees tariffs as pass-through costs, impacting private coach demand

Result Drivers

* BATTERY RECALL IMPACT - Net loss driven by $229.9 mln provision for battery recall, affecting approximately 700 buses

* REVENUE GROWTH - Revenue increased 23.7% yr/yr to $879.9 mln, driven by improved pricing and stronger product mix

* ADJUSTED EBITDA INCREASE - Adjusted EBITDA rose 52.1% yr/yr to $80.9 mln, attributed to higher revenue and improved margins

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $879.90 $973.10

Revenue mln mln (4

Analysts

)

Q3 Miss $0.10 $0.19 (4

Adjusted Analysts

EPS )

Q3 EPS -$1.18

Q3 $12.10

Adjusted mln

Net

Income

Q3 Net -$140.90

Income mln

Q3 $80.90

Adjusted mln

EBITDA

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)