Thursday, August 13, 2015

New Flyer Industries Inc. - NFI.t

New Flyer Industries Inc. - NFI.t is the leading manufacturer of heavy-duty buses in the U.S. and Canada.

New Flyer has grown to an international organization of over 2,200 highly-skilled people dedicated to planning, producing and servicing the industry’s most reliable heavy-duty transit vehicles.

On August 6, 2015 the company released Numbers

New Flyer Announces Results for the Second Quarter of 2015 Summary (U.S. Dollars except as noted):

· Consolidated revenue of $375.0 million increased by 8.2% compared to 2014 Q2 due to growth in both bus manufacturing and aftermarket revenue.
· Record quarterly consolidated Adjusted EBITDA of $39.2 million, an increase of 45.3% compared to 2014 Q2.
· Net earnings were $12.4 million compared to $3.6 million in 2014 Q2 and earnings per share of $0.22 increased from $0.06 in 2014 Q2.
· Bus deliveries increased 2.1% compared to 2014 Q2 despite being negatively impacted by an increase of 63 EUs in total bus inventory at the end of 2015 Q2. Increase due to the transition to the Xcelsior® platform at the Alabama facility. Management expects to reduce the excess bus inventory by year end.
· Free Cash Flow was C$26.4 million and declared dividends were C$8.4 million. The Free Cash Flow payout ratio in 2015 YTD is 42.7% compared with 61.2% during 2014 YTD.

· Mr. Paulo Cezar da Silva Nunes appointed to the Company’s board of directors.



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