secwatch.observer — SEC 8-K summary
======================================

Issuer:     Blue Bird Corp (BLBD)
CIK:        0001589526
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001589526-24-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589526/000158952624000025/0001589526-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589526/000158952624000025/blbd-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001589526-24-000025

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