secwatch.observer — SEC 8-K summary
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Issuer:     Blue Bird Corp (BLBD)
CIK:        0001589526
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001589526-23-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589526/000158952623000020/0001589526-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589526/000158952623000020/blbd-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001589526-23-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer