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BRIEF-Nfi Provides Market And Supply Chain Update With Revisions To Full Year Guidance

reuters.com · 04/29/2022 08:46
BRIEF-Nfi Provides Market And Supply Chain Update With Revisions To Full Year Guidance

- NFI Group Inc NFYEF:

  • NFI PROVIDES MARKET AND SUPPLY CHAIN UPDATE WITH REVISIONS TO FULL YEAR GUIDANCE

  • LOWERING FINANCIAL GUIDANCE FOR FISCAL 2022 WITH EXPECTED ADJUSTED EBITDA RANGE OF $15 MILLION TO $45 MILLION

  • SHORTAGES OF CRITICAL MICROPROCESSOR MODULES EXPECTED TO RESULT IN LOWER-THAN-PLANNED DELIVERIES IN SECOND AND THIRD QUARTERS OF 2022

  • CURRENT LIQUIDITY OF OVER $600 MILLION TO NAVIGATE NEAR-TERM CHALLENGES

  • NEGOTIATIONS WITH BANKING PARTNERS ON CREDIT RELIEF CONTINUE TO PROGRESS WITH AMENDMENTS EXPECTED TO BE FINALIZED IN Q2

  • SEES FISCAL 2022 REVENUE $2.3 BILLION TO $2.6 BILLION

  • FY2022 REVENUE VIEW $2.50 BILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:nGNXbwkjSW

Further company coverage: NFYEF


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