secwatch.observer — SEC 8-K summary
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Issuer:     Blue Bird Corp (BLBD)
CIK:        0001589526
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001589526-24-000118
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Bird reports record FY2024 adj EBITDA $183M, beats guidance; raises FY2025 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589526/000158952624000118/0001589526-24-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589526/000158952624000118/blbd-20241125.htm
  HTML page:      https://secwatch.observer/filing/0001589526-24-000118

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