Blue Bird Q2 net income $7.1M, Adj. EBITDA $19.8M; raises FY2023 guidance to ~$1.1B revenue, $55-65M Adj. EBITDA

Blue Bird Corp

2024-Q2 EPS reported -$0.13 revenue$535,546,000

Q2 net sales $299.8M (+44% YoY); GAAP net income $7.1M vs prior year net loss of $12.2M.
Adjusted EBITDA $19.8M, up $30.5M YoY; 2,304 buses sold (+19% YoY).
FY2023 guidance raised: revenue ~$1.1B, Adj. EBITDA $55-65M, Adj. FCF $30-40M.
Backlog $775M+ (~5,800 units); electric bus orders up 176%, firm backlog >620 units.
EPA Clean School Bus program expected to generate $200M+ additional revenue from 500-700 buses.

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 Year 2023 results: revenue just over $1.1 Billion. Guidance raised.

Period: Fiscal Year 2023
Revenue: just over $1.1 Billion
Guidance: raised
Result: guidance update

Exact text from the filing

We are raising full year fiscal 2023 guidance to Net Revenue of just over $1.1 Billion, Adj. EBITDA of $55-65 million and Adj. Free Cash Flow of $30-40 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Blue Bird Corp reported Three Months Ended April 1, 2023 results: revenue $299.8 million, net income $7.1 million, EPS $0.22.

Period: Three Months Ended April 1, 2023
Revenue: $299.8 million
Net income: $7.1 million
EPS: $0.22
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.” 1 Fiscal 2023 Second Quarter Results Net Sales Net sales were $299.8 million for the second quarter of fiscal 2023, an increase of $92.2 million, or 44.4%, from prior year period. Bus sales increased $85.0 million, reflecting a 21.6% increase in average

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Blue Bird Corp filing history →

Source: SEC EDGAR

accession 0001589526-23-000045

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