New Flyer Group Inc. 2018 Earnings & Price Target Update
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NFI Group Inc. (NFI) (formerly New Flyer Industries) is North America's largest bus and motor coach manufacturer and parts distributor. Transport bus platforms include heavy-duty transit buses, low-floor cutaway and medium-duty buses), inter-city motor coaches, parts support, and fibre-reinforced plastic and composites. Transit bus sales comprise 65% of revenues, inter-city motor coaches – 20%, cut-a-away style busses -5%, parts and service 10%. Approximately 85% of revenues are in USD and the balance in Canadian. They offer the widest range of drive systems available including: clean diesel, natural gas, diesel-electric hybrid, and zero-emission electric (trolley, battery, and fuel cell) on proven bus platforms. In total, they support over 74,000 buses and coaches currently in service across North America.
New Flyer actively supports over 41,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 7,300 are powered by electric motors and battery propulsion and 1,600 are zero-emission. MCI is North America's public and private market motor coach leader, building the J4500 (the industry's best-seller for 13 consecutive years), the all-new 35-foot J3500 model, and the workhorse D-Series including the breakthrough ADA-accessible MCI D45 Commuter Rapid Transit (CRT) Low Entry Commuter Coach offering lower dwell times. With nearly 30,000 MCI coaches on the road, MCI also provides maintenance, repair, 24-hour roadside assistance, parts supply through NFI Parts, and technician training. ARBOC is North America's low-floor cutaway bus leader serving transit, paratransit, and shuttle applications with more than 3,000 buses produced.
NFI Parts is North America's most comprehensive bus and motor coach parts organization, providing replacement parts, technical publications, training, service, and support. Carfair is a leader in fibre-reinforced plastic composites manufacturing. As a comprehensive manufacturer of engineered composite products, Carfair supplies to original equipment manufacturers in agriculture, construction, transportation, commercial, and medical industries, and is primarily focused on supplying NFI Group companies. Carfair brings together the strength of historic North American composite leaders formerly known as Carlson Composites, Frank Fair Industries and Sintex-Wausaukee Composites.
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