earnings
confidence high
sentiment positive
materiality 0.85
Blue Bird reports record FY2024 adj EBITDA $183M, beats guidance; raises FY2025 outlook
Blue Bird Corp
2024-FY EPS reported
$3.16
revenue$1,347,154,000
- FY2024 net sales $1.35B (+19% YoY); GAAP net income $105.5M ($3.16 diluted EPS); adjusted diluted EPS $3.46.
- Adjusted EBITDA $182.9M (13.6% margin), more than double prior year's $87.9M; 9,000 buses sold (+5.7%).
- Electric bus deliveries over 700 units (+30% YoY); EV order backlog of 630 units (13% of total backlog).
- FY2025 guidance raised: revenue $1.4-1.5B, adj EBITDA $190-210M (13.6-14.0% margin), adj FCF $40-60M.
- Long-term profit outlook raised to 15%+ adj EBITDA margin on ~$2B revenue.