NFI Group posts Q1 revenue jump, $6.5M loss
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
New Flyer Industries reported year-over-year revenue growth and a record order backlog of $13.7 billion among its first-quarter results.
The Winnipeg-based manufacturer made company history for most zero-emission bus deliveries in such a time frame, NFI CEO Paul Soubry said in a release Thursday. It delivered 1,028 equivalent units, a mixture of standard and articulated buses; battery- and fuel cell-electric buses consumed one-third of deliveries.
NFI’s revenue jumped 16 per cent year-over-year, hitting $841.4 million. Meantime, its net loss of $6.5 million was a $2.9 million improvement from 2024’s first quarter.
The company drew 2,523 orders in January through March. It expects incoming orders to further grow its backlog.
NFI recorded its positive numbers while being subject to steel and aluminum tariffs in Canada and the United States, plus tariffs on imported goods from China, the company release reads.
It expects much of the increased costs can be passed to customers through contractual obligations and general price increases.
Regent Avenue Superstore renovations complete
A revamped toy department, more pet food and different signage were among the changes made during a Regent Avenue Superstore’s renovation.
Three more Manitoba Real Canadian Superstore locations are slated for upgrades within the next year; locations weren’t finalized Thursday. The projects are part of parent company Loblaw’s promise to invest $2.2 billion into the Canadian economy in 2025.
District manager Colin Green wouldn’t disclose how much the renovations at 1578 Regent Ave. W. cost. Construction began January; a grand opening occurred May 1.
The 140,000-square-foot store now has a bigger pet section and an expanded international food segment — two areas popular with customers, Green said.
Loblaw intends to renovate more than 300 grocery and pharmacy locations this year, it said in February. It aims to open 80 new stores under No Frills, Maxi, Shoppers Drug Mart, Pharmaprix and T&T banners.
April home sales hit second-place record
Only 2021 — buoyed by the COVID-19 pandemic — saw more April home sales in Winnipeg and surrounding regions than 2025.
April’s house sales climbed eight per cent year-over-year, to 1,523. Dollar volume surpassed $623 million, a 12 per cent increase from April 2024, a Winnipeg Regional Real Estate Board analysis shows.
Meantime, year-over-year listings declined 13 per cent. The WRREB clocked 3,339 active listings.
A typical residential detached home cost $465,402 in April; it’s a seven per cent hike above the year before and nine per cent higher than the five-year average.
The average price of a condominium decreased four per cent year-over-year — clocking in at $274,483 — but it remained four per cent higher than the five-year marker.
— Free Press staff