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New Flyer Industries - Earnings & Price Target Update

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New Flyer is North America's leading heavy-duty transit bus and motor coach manufacturer. Transit buses include the Xcelsior and MiDi models and in the broadest range of drive systems available, including: diesel, natural gas, diesel-electric hybrid, electric-trolley and battery-electric.

The motor coach segment operates as Motor Coach Industries, acquired in 2015. They are the leading inter-city motor coaches in Canada and the U.S., MCI offers a J-model which is the industry's best-selling intercity coach for 12 consecutive years, and the D-model, the industry's best-selling coach line in North American motor coach history. MCI is also the exclusive distributor of Daimler Setra S417 and S407 in the United States and Canada. MCI actively supports over 28,000 motor coaches (MCI and Setra) currently in service and offers 24-hour roadside assistance 365 days a year.

The transit bus parts and service segment supports 42,000 heavy-duty transit buses including New Flyer, NABI and Orion brands of which 6,400 are battery powered.

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