secwatch.observer — SEC 8-K summary
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Issuer:     Blue Bird Corp (BLBD)
CIK:        0001589526
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001589526-23-000123
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 reports record FY2023 revenue $1.13B, Adj. EBITDA $87.9M; raises FY2024 guidance
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589526/000158952623000123/0001589526-23-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589526/000158952623000123/blbd-20231211.htm
  HTML page:      https://secwatch.observer/filing/0001589526-23-000123

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