New Flyer Industries Inc. announced its order activity and backlog update for the fourth fiscal quarter ended Dec. 27.
The order and delivery activity and backlog for Q4 2015 reported herein does not include any activity from Motor Coach Industries International Inc. (MCI), which was acquired by New Flyer on Dec. 18. The company is currently reviewing all active contracts held by MCI. The Company will synchronize and ensure consistent classification and reporting practices for the combined backlog.
New Flyer delivered 660 equivalent units in Q4, a decrease of 20 EUs compared to 680 EUs in the fourth fiscal quarter ended Dec. 28, 2014.
New Flyer’s new bus orders (firm and options) in Q4 2015 totaled 1,239 EUs. Order activity in the period included:
- New firm orders for 474 EUs (valued at $280.8 million)
- New option orders for 765 EUs (valued at $432.4 million)
- Options for 423 EUs converted to firm orders (valued at $208.3 million)
In addition, 564 EUs of new firm and option orders were pending from customers at the end of the period, where approval of the award to New Flyer had been made by the customer’s board, council, or commission, as applicable, but purchase documentation had not yet been received by the Company and therefore not yet included in the backlog.
