earnings
confidence high
sentiment positive
materiality 0.80
Blue Bird posts Q3 revenue $294M (+43%), net income $9.4M; raises FY adj. EBITDA guidance to ~$73M
Blue Bird Corp
2024-Q3 EPS reported
$0.16
revenue$829,830,000
- GAAP diluted EPS $0.29; adjusted diluted EPS $0.44; unit sales 2,137 (+24% YoY).
- Adjusted EBITDA $28.0M, up $19.2M YoY, with margin ~10%.
- FY2023 guidance raised: revenue >$1.1B, adj. EBITDA $70-76M, adj. FCF $70-80M.
- EV bookings up ~150% YoY; backlog of 550 electric school buses; EPA Phase 1 funding for at least 550 buses.
- Long-term outlook reaffirmed: $2B revenue and 12% adj. EBITDA margin.