earnings
confidence high
sentiment positive
materiality 0.80
Blue Bird reports record Q3 Adj. EBITDA $48.2M, raises FY2024 guidance and long-term margin outlook
Blue Bird Corp
2024-Q3 EPS reported
$2.43
revenue$996,942,000
- Q3 revenue $333.4M (+13% YoY); GAAP net income $28.7M ($0.85 EPS) vs $9.3M ($0.29 EPS) last year.
- Record Q3 Adj. EBITDA $48.2M (14.5% margin), up from $29.6M; Adj. diluted EPS $0.91 vs $0.44.
- Raised FY2024 guidance: revenue $1.30-1.33B, Adj. EBITDA $170-180M (13.1-13.5% margin), FCF $80-90M.
- Delivered over 200 electric buses in Q3 (+40% YoY); EV backlog now >560 units from EPA funding.
- Raised long-term targets: Adj. EBITDA margin ~15% on ~$2B revenue; 2,151 buses sold in Q3.