NFI Group (TSE:NFI) has released an update.
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NFI Group Inc. reported a 19% increase in Q4 deliveries reaching 1,227 units and a 30% full-year revenue growth to $2.7 billion, with a notable 36% of its backlog being zero-emission vehicles. Despite these gains, the company experienced a net loss of $2 million in Q4 and a significant yearly net loss of $136.2 million. The aftermarket segment delivered a record performance with $555 million in revenue, and the company remains optimistic with financial guidance for Fiscal 2024 projecting substantial growth in Adjusted EBITDA.
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