Earnings Call Summary | NFI GROUP INC(NFYEF.US) Q4 2023 Earnings Conference
Earnings Call Summary | NFI GROUP INC(NFYEF.US) Q4 2023 Earnings Conference
The following is a summary of the NFI Group Inc. (NFYEF) Q4 2023 Earnings Call Transcript:
以下是NFI集團公司（NFYEF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
NFI Group reported a 143% sequential quarterly increase in new orders with year-over-year bus and coach deliveries up by 19%.
Quarterly revenue was up by 15% with adjusted EBITDA rising by 642%. Gross margins rose to 11% due to a strong contribution from the aftermarket business.
The aftermarket segment generated $551 million in revenue and $120 million of adjusted EBITDA, fuelled by higher aftermarket sales in North America.
The company's backlog is robust at US$7.9 billion with over 10,500 equivalent units and a year-over-year increase of 22% in the average selling price for vehicles.
NFI reported significant increases in EBITDA and cash flow, largely due to operational efficiencies within their parts distribution business.
Total liquidity rose to $188 million, driven by improved cash flows.
Net loss reduced by $150 million, primarily driven by higher deliveries, revenue, and adjusted EBITDA.
For fiscal 2024, NFI Group anticipates double-digit revenue growth, triple-digit adjusted EBITDA growth, and improved free cash flow.
NFI集團報告稱，新訂單季度連續增長143％，公共汽車和長途汽車交付量同比增長19％。
季度收入增長了15％，調整後的息稅折舊攤銷前利潤增長了642％。由於售後市場業務的強勁貢獻，毛利率上升至11％。
在北美售後市場銷售增長的推動下，售後市場創造了5.51億美元的收入和1.2億美元的調整後息稅折舊攤銷前利潤。
該公司的積壓量強勁，達到79億美元，當量超過10,500輛，汽車平均售價同比增長22％。
NFI報告稱，息稅折舊攤銷前利潤和現金流大幅增加，這主要是由於其零件分銷業務的運營效率。
在現金流改善的推動下，總流動性增至1.88億美元。
淨虧損減少了1.5億美元，這主要是由於交付量、收入和調整後的息稅折舊攤銷前利潤的增加。
對於2024財年，NFI集團預計收入將實現兩位數的增長，調整後的息稅折舊攤銷前利潤將實現三位數的增長，自由現金流將改善。
Business Progress:
業務進展：
A significant improvement in supplier performance was observed alongside plans to expand production in 2024 using a phased approach to avoid additional costs.
Due to changes in competitive dynamics, the company may look for improved competitive positioning in the US market.
NFI is part of a task force created to recommend actions to support competitive and stable bus manufacturing capacity in the US.
The company initiated the production of electric buses as a step towards zero-emission vehicles.
Work is being undertaken to reduce the number of offline buses significantly and improve operations in their bus assembly stations.
NFI Group's backlog remains strong at 10,586 units, expected to extend till 2028.
The company anticipates a surge in zero-emission buses deliveries, leading to a slightly longer cash collection cycle.
For 2024, NFI anticipates ZEBs to constitute 30% to 35% of total deliveries, with this number expected to grow to 40% in 2025.
The company does not anticipate significant debt repayments in 2024 as they ramp up production.
觀察到供應商績效顯著改善，同時計劃在2024年分階段擴大產量，以避免額外成本。
由於競爭動態的變化，該公司可能會尋求改善在美國市場的競爭地位。
NFI是工作組的一部分，該工作組旨在建議採取行動，以支持美國具有競爭力和穩定的公交車製造能力。
該公司開始生產電動巴士，這是朝着零排放汽車邁出的一步。
正在努力大幅減少離線公交車的數量並改善其公交裝配站的運營。
NFI集團的積壓量仍然強勁，爲10,586套，預計將持續到2028年。
該公司預計，零排放公交車的交付量將激增，從而導致現金收款週期略長。
NFI預計，到2024年，ZEB將佔總交付量的30％至35％，這一數字預計將在2025年增長到40％。
該公司預計，隨着產量的增加，2024年不會償還大量債務。
More details: NFI GROUP INC IR
更多詳情： NFI 集團公司
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譯文內容由第三人軟體翻譯。