Blue Bird reports record FY2023 revenue $1.13B, Adj. EBITDA $87.9M; raises FY2024 guidance

Blue Bird Corp

Full year net sales $1,132.8M (+41% YoY); GAAP net income $23.8M vs. loss of $45.8M last year.
Adjusted EBITDA $87.9M (+$102.7M YoY); unit sales 8,514 (+25%).
Q4 revenue $303.0M (+17.6%); Adj. EBITDA $40.7M vs. ($16.3M) in Q4 2022.
FY2024 guidance raised: Net revenue $1.15-1.25B, Adj. EBITDA $105-125M, Adj. FCF $50-60M.
EV unit sales more than doubled; backlog of ~600 electric bus orders (12% mix).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Blue Bird Corp reported fiscal 2023 fourth quarter and full year results: revenue $303.0 million, net income $18.6 million, EPS $0.58. Guidance raised.

Period: fiscal 2023 fourth quarter and full year
Revenue: $303.0 million
Net income: $18.6 million
EPS: $0.58
Guidance: raised
Result: reported results

Exact text from the filing

Net sales were $303.0 million for the fourth quarter of fiscal 2023, an increase of $45.3 million, or 17.6%, from prior year period.

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Source: SEC EDGAR

accession 0001589526-23-000123

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