A: New Flyer Industries, $54.39, symbol NFI on Toronto (Shares outstanding: 60.8 million; Market cap: $3.4 billion; www.newflyer.com), is the leading transit bus maker in the U.S. and Canada. It also provides parts and service.
From 2012 to 2016, the company’s revenue jumped 163.5%, rising from $872.9 million to $2.3 billion. Earnings climbed from just $9.8 million, or $0.22 a share, in 2012, to $124.9 million, or $2.10, in 2016. Those gains came from the successful introduction of new models and a growth in the number of contracts.
In the three months ended October 1, 2017, New Flyer’s revenue rose 5.9%, to $541.7 million from $511.5 million a year earlier (all figures except share price and market cap in U.S. dollars). The gain was mainly due to a 12.9% increase in bus deliveries. That offset a 3.9% drop in selling prices and a 5.1% decline in parts and service revenue. Earnings per share jumped 27.9%, to $0.55 from $0.43.
New Flyer has just…
Privacy Policy and Terms of Use
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Changes to this Policy
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