Blue Bird reports record Q1 Adj. EBITDA $47.6M, raises FY2024 guidance

Blue Bird Corp

2024-Q1 EPS reported $0.81 revenue$317,660,000

Revenue $317.7M (+35% YoY); net income $26.2M vs loss of $11.2M prior year.
Adj. EBITDA $47.6M (15% margin), an all-time record; unit sales 2,129 (+9%).
FY2024 guidance raised: revenue $1.15-1.25B, Adj. EBITDA $120-140M, Adj. FCF $60-70M.
EV school bus orders backlog >400; EPA Clean School Bus Phase 2 funding of $1.5B expected.
Average bus price up 26.5% on pricing actions and mix; parts sales up 7.7%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Blue Bird Corp reported first quarter of fiscal 2024 results: revenue $317.7 million, net income $26.2 million, EPS $0.81 per diluted share. Guidance raised.

Period: first quarter of fiscal 2024
Revenue: $317.7 million
Net income: $26.2 million
EPS: $0.81 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Net sales were $317.7 million for the first quarter of fiscal 2024, an increase of $81.9 million, or 34.8%, from the first quarter of last year.

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Source: SEC EDGAR

accession 0001589526-24-000025

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