Q: Please comment on the latest results. Anything there to change your opinion on NFI. Thanks
5i Research Answer:
NFI reported a Q4 loss of 5c, beating analysts expectations for a loss of 20c. Revenue missed forecasts of $877.72M coming in at $792M. Adjusted EBITDA for Q4 was $38.46B, as compared with an adjusted EBITDA loss of $7.09B in the year prior. The company's revenue guidance is $3.2B to $3.6B for 2024 and $4 billion for 2025. 2024 forecast fell in analysts' range while 2025 was slightly short of what analysts expected at $4.01B. We continue to see NFI as a risky hold but the improving per share loss was a positive.Debt has declined and the order book is decent. 88c in EPS is expected next year.