Bus maker NFI's shares down 15% due to inflation, 'unreliable' supplier performance

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Bus maker NFI's shares down 15% due to inflation, 'unreliable' supplier performance
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The bus manufacturer expects an adjusted loss of between US$15 million and US$17 million for Q3. Read more.

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Soubry says the company also experienced short-term margin pressure from higher inflation and surcharge-driven input costs. NFI believes the disruptions will continue in the near term and is lowering its planned fourth-quarter vehicle deliveries and updating its guidance for fiscal 2022 to an adjusted loss before interest, taxes, depreciation, and amortization of between US$40 million and US$60 million.

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