NFI Group Inc. (NFI) Earnings Call Transcripts
NFI Group Inc.'s Latest Earnings Call - May 8, 2026
NFI Group Inc. reported its Q1 2026 earnings, highlighting strong performance in 2025 with record revenue and adjusted EBITDA despite facing macroeconomic challenges. The company achieved a backlog of over $13 billion, providing long-term visibility. Revenue guidance for 2026 was maintained at $3.9 billion to $4.2 billion, with adjusted EBITDA guidance at $370 million to $410 million. Management expressed confidence in meeting these targets due to operational improvements and supply chain stabilization.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $3.9B to $4.2B (inline) |
| Adjusted EBITDA | $370M to $410M (inline) |
| Backlog | $13B (positive) |
| CapEx | $50M to $60M (inline) |
Guidance from management
Management maintained revenue guidance of $3.9 billion to $4.2 billion and adjusted EBITDA guidance of $370 million to $410 million for 2026, expressing high confidence in achieving these targets.
What management said
Thank you. Our last item of business is the approval on an advisory basis of the corporation's approach to executive compensation. I move and second to approve on an advisory basis and not to diminish the role and responsibilities of the directors, that the shareholders accept the approach to executive compensation disclosed in the management information circular. You have all heard the motion. All in favor, please r...
So the question is, if there's a shareholder that owns 65% of the share. Stephen, do you want to expand on that? There is not, but we'll let Stephen talk through some of the details of that question.
What analysts pressed on
Analysts raised concerns about executive compensation in relation to company profitability and the impact of unemployment rates on operations. Management emphasized that compensation is tied to profitability and is evaluated against market standards.
Main topics on the call
- Record Financial Performance — NFI achieved 'record revenue and adjusted EBITDA' in 2025, despite challenges such as a battery recall and competitive pressures in the U.K. market. The company also reported its strongest year for the low floor cutaway ...
- Backlog and Future Growth — The backlog remains strong at over $13 billion, which 'provides longer-term visibility for NFI's continued growth and success.' This positions the company well for future demand.
- Leadership Changes — John Sapp has taken over as CEO, succeeding Paul Soubry, who led the company for 17 years. The company also appointed new board members, bringing expertise in capital markets and manufacturing.
- Operational and Capacity Expansion — NFI expanded its manufacturing capacity with new facilities in Winnipeg and Las Vegas, aiming to increase production rates to meet backlog demands.
Read the full NFI Group Inc. transcript (May 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About NFI Group Inc.
NFI Group Inc. (NFI) is a publicly listed company in the Machinery industry, within the Industrials sector. It trades on TSX and is based in CA. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 37 calls on record spanning March 12, 2020 to August 7, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 37 NFI Group Inc. earnings call transcripts on record, spanning March 12, 2020 to August 7, 2026. Based on this history, NFI Group Inc. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- NFI
- Exchange
- TSX
- Country
- CA
- Sector
- Industrials
- Industry
- Machinery
- Calls on record
- 37
- First call
- March 12, 2020
- Most recent
- August 7, 2026
- Reporting cadence
- quarterly