Blue Bird Q1 revenue $236M (+82% YoY), net loss $11.3M; raises FY2023 Adj. EBITDA guidance to $43M

Blue Bird Corp

2024-Q1 EPS reported -$0.35 revenue$235,732,000

Revenue $235.7M, up 82.4% YoY; unit sales 1,957 (up 70.3%). Net loss $11.3M vs $4.1M loss in prior year.
Adjusted EBITDA $(4.2)M vs $3.6M positive in prior year; adjusted net loss $9.8M.
Raised FY2023 guidance: net revenue ~$1B, Adj. EBITDA $40-46M (midpoint $43M), Adj. free cash flow $5-11M.
Record electric bus sales; backlog >5,300 units ($675M+); 950+ EVs on road; EV bookings up 130% YoY.
Expect return to historical profitability during FY23 with improving performance each quarter.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Blue Bird Corp reported fiscal 2023 first quarter results: revenue $235.7 million, net income Net Loss of $11.3 million, EPS Diluted Loss per Share of $0.35. Guidance raised.

Period: fiscal 2023 first quarter
Revenue: $235.7 million
Net income: Net Loss of $11.3 million
EPS: Diluted Loss per Share of $0.35
Guidance: raised
Result: reported results

Exact text from the filing

outlook of profitable growth towards $2 billion in revenues and Adjusted EBITDA margins of 12%, or $250 million.” Fiscal 2023 First Quarter Results Net Sales Net sales were $235.7 million for the first quarter of fiscal 2023, an increase of $106.5 million, or 82.4%, from prior year period. Bus sales increased $100.8 million, reflecting a 11.4% increase in average

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Source: SEC EDGAR

accession 0001589526-23-000020

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