New Flyer revises fourth quarter 2014 orders and backlog

New Flyer's revision of its fourth quarter 2014 results show a delivery of 680 units and backlog of 6,745 units.

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New Flyer Industries Inc. announces certain revisions to its release issued on January 13, 2015 regarding the company’s deliveries, order activity and status of backlog for the fourth fiscal quarter ended December 28, 2014 (Q4 2014). Management has subsequently determined that an error was inadvertently made in calculating the number of deliveries of equivalent units (EUs) for Q4 2014 and the number of deliveries was understated by 74 EUs. As a result, the following revisions to the previously reported information are being made:

  • The deliveries for Q4 2014 are 680 EUs, compared to the 606 EUs previously reported;
  • The Book-to-Bill ratio for the 12 months ended December 28, 2014 is 101%, compared to the 104% previously reported;
  • The backlog as of December 28, 2014 is 6,745 EUs, compared to the 6,819 EUs previously reported; and
  • The value of the backlog as of December 28, 2014 is $3.39 billion, compared to $3.43 billion previously reported.