05:21 PM EDT, 03/13/2025 (MT Newswires) -- NFI Group ( NFYEF ) after trade Thursday said it swung to a fourth-quarter profit on higher revenue.

The bus manufacturer earned US$13.9 million, or US$0.12 per share, in the period, compared with a loss of US$5.9 million, or US$0.05, a year ago. FactSet expected earnings per share of US$0.05.

Revenue rose to US$837 million from US$792 million in the year-ago quarter. FactSet consensus was US$873 million.

The company delivered 1,180 equivalent units (EUs) for the quarter, with 26.1% of them being battery- and fuel cell-electric buses. This is slightly lower than the year-ago quarter, where 1,227 EUs were delivered, including 236 battery- and fuel cell-electric buses.

"We are closely monitoring policy and trade issues that may impact our industry and have taken numerous actions to prepare for their potential effects. While these broader conditions create risks, our strategic focus on a propulsion agnostic product offering, localized manufacturing, and improved contract structures has increased our ability to respond quickly to changing market dynamics," Chief Executive Paul Soubry said.

The company's shares closed up $0.12 to $11.11 on the Toronto Stock Exchange.