secwatch.observer — SEC 8-K summary
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Issuer:     Blue Bird Corp (BLBD)
CIK:        0001589526
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001589526-24-000081
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 Q3 Adj. EBITDA $48.2M, raises FY2024 guidance and long-term margin outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589526/000158952624000081/0001589526-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589526/000158952624000081/blbd-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001589526-24-000081

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