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BRIEF-Nfi Group Inc Delivered 903 Equivalent Units In Q1 2019, A Decrease Of 90 EUs Compared To Q1 2018

Published 2019-04-15, 06:02 p/m
© Reuters.  BRIEF-Nfi Group Inc Delivered 903 Equivalent Units In Q1 2019, A Decrease Of 90 EUs Compared To Q1 2018
NFI
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April 15 (Reuters) - NFI Group Inc NFI.TO :

* NFI GROUP ANNOUNCES FIRST QUARTER 2019 DELIVERIES, ORDERS AND BACKLOG

* NFI GROUP INC - NEW ORDERS IN Q1 2019 TOTALED 909 EUS

* NFI GROUP INC - NFI DELIVERED 903 EQUIVALENT UNITS IN Q1 2019, A DECREASE OF 90 EUS COMPARED TO Q1 2018

* NFI GROUP INC - TOTAL INVENTORY AT MARCH 31, 2019 INCREASED 165 EUS FROM PREVIOUS QUARTER TO 688 EUS

* NFI GROUP - LTM Q1 2019 BOOK-TO-BILL RATIO (DEFINED AS NEW FIRM AND OPTION ORDERS DIVIDED BY DELIVERIES) WAS 93%, AN INCREASE OF 6% FROM LTM Q4 2018

* NFI GROUP - AT END OF Q1 2019, NFI'S TOTAL BACKLOG WAS 10,587 EUS (VALUED AT $5.16 BILLION) COMPARED TO 10,833 EUS (VALUED AT $5.35 BILLION) AT END OF Q4 2018

* NFI GROUP - THERE WILL BE INCREASE IN NUMBER OF REQUESTS FOR PROPOSALS & PUBLIC TENDERS ISSUED IN FISCAL 2019 AND 2020, WHEN COMPARED TO 2018 ACTIVITY

* NFI GROUP INC - MANAGEMENT IS UPDATING ITS FISCAL 2019 DELIVERY GUIDANCE TO REFLECT LOWER ANTICIPATED ARBOC DELIVERIES

* NFI GROUP INC - MANAGEMENT'S FISCAL 2019 GUIDANCE IS NOW REVISED TO 4,410 EUS, A DECREASE OF 45 EUS FROM PREVIOUSLY REPORTED EXPECTED DELIVERIES

* NFI GROUP INC - NO CHANGES HAVE BEEN MADE TO HEAVY-DUTY TRANSIT OR MOTOR COACH DELIVERY GUIDANCE FOR FISCAL 2019

* NFI GROUP INC - NFI'S Q1 2019 EARNINGS ARE EXPECTED TO CONTINUE TO BE NEGATIVELY IMPACTED BY SEVERAL FACTORS

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