secwatch.observer — SEC 8-K summary
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Issuer:     Blue Bird Corp (BLBD)
CIK:        0001589526
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001589526-23-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589526/000158952623000045/0001589526-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589526/000158952623000045/blbd-20230511.htm
  HTML page:      https://secwatch.observer/filing/0001589526-23-000045

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