New Flyer Rides MCI To Another Good Quarter

Posted on August 18, 2016

New Flyer Industries exceeded its goals with increased revenue and profits in the second quarter and the successful integration of busmaker Motor Coach Industries.

The Winnipeg, Manitoba-based bus manufacturer posted substantial increases in earnings and revenue because MCI results were included in the quarter. Higher profit margins and a 6.6% increase in the average selling price contributed to the strong results.

Revenue for the quarter was $586.9 million, up 56.5% compared to the same period in 2015, and EBITDA (earning before interest, taxes, depreciation and amortization) was up 104.8% to $80.3 million.

Winnipeg Free Press article here

Related Topics: charter and tour, MCI, Motor Coach Industries, motorcoaches, OEMs, revenue growth, revenues

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