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An announcement from NFI Group Inc ( (TSE:NFI) ) is now available.
NFI Group reported strong second-quarter 2026 results, with deliveries rising 14.5% to 1,232 equivalent units and revenue climbing 18.6% to $1.03 billion. Gross profit, adjusted EBITDA and net earnings all improved significantly, supported by stronger margins in both manufacturing and aftermarket operations.
The company generated $159.1 million in operating cash, boosting liquidity to $520 million and lowering leverage to 2.81 times. Backlog remained substantial at $12.5 billion, and management raised full-year 2026 guidance, targeting adjusted EBITDA of $385 million to $415 million as supply chain conditions improve and demand, including for events like the FIFA World Cup, supports growth.
Manufacturing revenue increased nearly 20% on higher North American transit and motorcoach deliveries and improved sales mix, though medium-duty and cutaway volumes were lower. While backlog declined modestly on a sequential basis due to strong deliveries and timing of new awards, NFI emphasized its strengthened financial position and competitive differentiation amid tariffs and wider macro pressures.
The most recent analyst rating on (TSE:NFI) stock is a Buy
with a C$26.00 price target.
To see the full list of analyst forecasts on NFI Group Inc stock,
see the TSE:NFI Stock Forecast page.
Spark’s Take on NFI Stock
According to Spark, TipRanks’ AI Analyst, NFI is a Neutral.
The score is held back primarily by weak financial performance (TTM revenue decline, continued losses, and high leverage), partially offset by positive technical momentum (price above key moving averages with supportive MACD) and a low P/E that suggests the stock is not priced aggressively on this metric.
To see Spark’s full report on NFI stock,
click here.
More about NFI Group Inc
NFI Group Inc. is a leading North American manufacturer of buses and motorcoaches, complemented by a comprehensive aftermarket parts and service business. The company focuses on transit and motorcoach markets with a diversified footprint, leveraging its scale and operational expertise to serve public and private transportation customers.
Average Trading Volume: 270,507
Technical Sentiment Signal: Buy
Current Market Cap: C$3B
Find detailed analytics on NFI stock on TipRanks’ Stock Analysis page.