New Flyer bus Q3 2011 orders and backlog total $181.6 million
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WINNIPEG -- New Flyer Industries Inc., a manufacturer of heavy-duty transit buses in Canada and the U.S., announced order activity for the third fiscal quarter of 2011 ended October 2, 2011 of 242 buses or 430 equivalent production units ("EUs"), with a total value of $181.6 million.
Deliveries in Q3 2011 were 442 EUs, an improvement of 11 EUs from the previous quarter.The Q3 2011 order activity comprises new firm and new option orders of 49 buses (98 EUs) and exercised options of 189 buses (328 EUs) with approximately 60% of the EUs for clean-propulsion vehicles (i.e., hybrid or CNG).
The existing backlog position combined with the order intake over the last 12 months is expected to allow the Company to maintain the current production line entry rate of approximately 36 EUs per week through the balance of 2011 and into the first half of 2012. This production rate reflects six days during the winter holiday period when the Company does not plan to produce or deliver buses.
www.newflyer.com
The existing backlog position combined with the order intake over the last 12 months is expected to allow the Company to maintain the current production line entry rate of approximately 36 EUs per week through the balance of 2011 and into the first half of 2012. This production rate reflects six days during the winter holiday period when the Company does not plan to produce or deliver buses.
www.newflyer.com
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