Blue Bird

Blue Bird Corp. engages in the design and manufacture of school buses. It operates through the Bus and Parts business segments. The Bus segment includes the manufacturing and assembly of school buses to be sold to a variety of customers across the United States, Canada, and in international markets. The Parts segment provides routine maintenance, replacement of parts that are damaged in service, and replacement of parts that suffer from wear and tear. The company was founded by Albert Laurence Luce in 1927 and is headquartered in Macon, GA.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q1 2024

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Blue Bird reports strong Q1 performance, eyes $2B revenue

Blue Bird Corporation's Q1 2023 performance was robust, marked by strong sales, record revenue, and positive free cash flow, showcasing operational progress.
While facing challenges such as negative adjusted EBITDA, the company is optimistic about future growth and aims for significant revenue and EBITDA milestones.
With a focus on alternative power and operational improvements, Blue Bird is strategically positioned for expansion and profitability in the coming years.

Blue Bird reports record Q2 results, eyes growth in EV market

Blue Bird's Q2 performance reflects strong growth, driven by its focus on electric buses and successful Clean School Bus Program. While facing challenges related to supply chain disruptions and inflation, the company is optimistic about future opportunities and remains committed to growth and profitability.

Blue Bird excels in Q3, raises guidance on EV growth

Blue Bird's Q3 earnings call highlighted exceptional performance, operational improvements, and a positive outlook for sustained growth. The company's focus on EVs, raised guidance, and confidence in managing various external variables position it well for future success in the school bus industry.

Blue Bird achieves record profits in 2023, eyes sustainable growth

Blue Bird's fiscal year 2023 was marked by exceptional financial success, strong EV sales growth, and strategic initiatives for sustainable transportation solutions.
While facing challenges such as labor discussions and infrastructure concerns, the company remains focused on operational efficiency and market opportunities.
With a clear roadmap for fiscal 2024, including revenue growth targets and margin improvements, Blue Bird is poised for continued success in the evolving transportation industry.
By leveraging partnerships, federal funding support, and cost reduction strategies, Blue Bird aims to maintain its competitive edge and drive innovation in clean tech finance.

Blue Bird reports record Q1 results, anticipates margin pressures

Blue Bird's Q1 performance was exceptional, leading to raised full-year guidance despite anticipated margin pressures. The company's strategic focus on EVs, alternative powered vehicles, and market share growth positions it well for future success.

Blue Bird achieves record profits and eyes growth in electric vehicles

Blue Bird's Q2 performance reflects robust financial health and a strategic focus on growth. With record profits, strong order backlog, and a push towards electric vehicles, the company is poised for continued success. Challenges like supply chain issues and cost pressures are being navigated with confidence.

Blue Bird achieves record profits, expands EV production capacity

Blue Bird's Q3 performance reflects strong financial results, driven by record profits and increased demand for electric buses.
While facing supply chain challenges, the company is strategically investing in facilities and processes to drive future growth.
Opportunities for expansion and innovation, including the DOE grant and leadership transition, position Blue Bird for continued success.

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Blue Bird Corp. engages in the design and manufacture of school buses. It operates through the Bus and Parts segments. The Bus segment includes the manufacturing and assembly of school buses to be sold to a variety of customers across the United States, Canada, and in international markets. The Parts segment focuses on the purchases of parts from third parties to be sold to dealers within the company’s network and certain large fleet customers. The company was founded by Albert Laurence Luce in 1927 and is headquartered in Macon, GA.

Blue Bird Corporation (NASDAQ:BLBD ) Q1 2023 Earnings Conference Call February 8, 2023 4:30 PM ET Company Participants Mark Benfield - Head, Investor Relations Matthew Stevenson - President & Chief Executive Officer Razvan Radulescu - Chief Financial Officer Conference Call Participants Mike Shlisky - D.A. Davidson Eric Stine - Craig-Hallum Operator Good day, and welcome to the Blue Bird Corporation Fiscal 2023 First Quarter Earnings Conference Call.

Blue Bird Corporation (BLBD) Q1 2023 Earnings Call Transcript

Blue Bird (BLBD) delivered earnings and revenue surprises of -20% and 17.87%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Blue Bird (BLBD) Reports Q1 Loss, Tops Revenue Estimates

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2023 first quarter results. Highlights (in millions except Unit Sales and EPS data) Three Months Ended December 31, 2022   B/(W) 2022   Unit Sales   1,957       808     GAAP Measures:         Revenue $ 235.7     $ 106.5     Net Loss $ (11.3 )   $ (7.2 )   Diluted Loss per Share $ (0.35 )   $ (0.

Blue Bird Reports Fiscal Year 2023 First Quarter Results; Record First Quarter Revenues & EV Sales; Raises Guidance for the Year

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Global electric car sales Dec. 2022 were an estimated 1.1 million+. China sales up 83% YoY to 30% share. Europe up 147% YoY to 38% share. US ~7% share. EV market news - UK's petrol and diesel sales eroded as EV sales surged 40% in 2022. China new-energy vehicle sales, shipments nearly doubled in 2022.

EV Company News For The Month Of January 2023

MACON, Ga.--( BUSINESS WIRE )--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, will release its fiscal year 2023 first quarter financial results on February 8, 2023.

Blue Bird to Report Fiscal Year 2023 First Quarter Results on February 8, 2023

MACON, Ga.--( BUSINESS WIRE )--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has welcomed a new dealer to serve its bus customers in South Carolina. Gregory Poole Bus Sales & Service will now sell and service the full line of Blue Bird and Micro Bird buses in the Palmetto State. Gregory Poole is a third-generation, family-owned business which started to offer Blue Bird buses in North Carolina in 2011.

Blue Bird Welcomes New Dealership to Serve South Carolina

Apple

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Global electric car sales Nov. 2022 were an estimated 1million+. China sales up 50% YoY to 35% share. Europe up 26% YoY to ~28% share. US ~6% share. EV market news - By 2029, electric vehicles could account for a third of the North American market and about 26% of vehicles produced worldwide.

EV Company News For The Month Of December 2022

I think management is overly optimistic in the short term based on economic conditions that aren't as clear as they may think. Its heavy exposure to government funding could result in delays in deploying funding, which could result in uneven reporting periods in 2023.

Blue Bird: Not Optimistic Short Term, But Further Out Looks Promising

School buses may be one of the least sexy investment themes out there, but there is actually a good growth story. The school bus is a perennial essential service for 25 million children in the U.S., yet the domestic fleet continues to age and needs to be upgraded and replaced.

Time for Blue Bird to Get on the Growth Bus

MACON, Ga.--( BUSINESS WIRE )--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has delivered its first electric school bus to Michigan. The state-of-the-art, zero-emission vehicle will serve Dearborn Public Schools and usher in a new era of clean student transportation for the school district. Dearborn Public Schools is the third largest school district in Michigan with 37 neighborhood elementary, middle, and high schools educating more than 20,000 students.

Dearborn Public Schools Hailed as Blue Bird's First Electric Bus Customer in Michigan

Blue Bird Corporation (NASDAQ:BLBD ) Q4 2022 Earnings Conference Call December 12, 2022 4:30 PM ET Company Participants Mark Benfield - Head, Investor Relations Matthew Stevenson - President and Chief Executive Officer Razvan Radulescu - Chief Financial Officer Conference Call Participants Eric Stine - Craig-Hallum David Johnson - D.A. Davidson Operator Good afternoon and welcome to the Blue Bird Corporation Fiscal 2022 Fourth Quarter Earnings Conference Call.

Blue Bird Corporation (BLBD) Q4 2022 Earnings Call Transcript

MACON, Ga.--( BUSINESS WIRE )--Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2022 fourth quarter and full year results.

Blue Bird Reports Fiscal 2022 Fourth Quarter and Full Year Results; Record EV Sales and Backlog; Positioned for a Strong Recovery in Fiscal 2023

MACON, Ga.--( BUSINESS WIRE )--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has teamed up with Highland Electric Fleets to make it simpler and more affordable for Hardin County Community Unit School District #1 (CUSD #1) in Illinois to upgrade to clean electric school buses. The school district ordered 12 Blue Bird Type C electric school buses through Highland. Highland's innovative fleet electrification-as-a-service offering allows districts and third-party fleet managers to avoid the upfront costs and complexity of electrification, accelerating the adoption of clean student transportation.

Blue Bird Teams Up with Highland Electric Fleets to Provide 12 Electric School Buses to Illinois School District

MACON, Ga.--( BUSINESS WIRE )--Blue Bird Corporation (NASDAQ: BLBD), the leader in electric and cleaner-emission school buses, announced that it entered into a sixth amendment to its credit facility, dated as of December 12, 2016, extending the maturity date through December 31, 2024.

Blue Bird Corporation Announces Amendment and Extension of Credit Facility

MACON, Ga.--( BUSINESS WIRE )--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and cleaner-emission school buses, will release its fiscal 2022 fourth quarter and full year financial results on December 12, 2022.

Blue Bird to Report Fiscal 2022 Fourth Quarter and Full Year Results on December 12, 2022

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, applauds today's announcement by the U.S. Environmental Protection Agency (EPA) to award landmark funding for over 2,400 clean school buses to school districts spanning all 50 U.S. states, several Tribes and U.S. territories.

Blue Bird Commends EPA's Clean School Bus Rebate Funding Awards to Accelerate Adoption of Zero-Emission Student Transportation

Nuuve

Blue Bird's largest vehicle-to-grid (V2G) project features Nuvve's technology to make electric student transportation more accessible and affordable SAN DIEGO , Oct. 11, 2022 /PRNewswire/ -- Nuvve Holding Corp. (Nasdaq: NVVE), a global cleantech company electrifying the planet through its intelligent energy platform, along with Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, and the Ramona Unified School District in California's San Diego County, today announced the unveiling of eight electric, zero-emission school buses powered by DC fast chargers supplied by Nuvve and enabled with Nuvve's GIVe™ vehicle-to-grid (V2G) energy aggregation platform. The parties have completed commissioning and interconnection activities with the local electrical infrastructure provided by San Diego Gas & Electric (SDG&E).

San Diego County's Ramona Unified School District, Blue Bird and Nuvve Unveil 8 New V2G-Enabled and Qualified Electric School Buses

Amid a second leg of the market sell-off, BLBD is threatening to hit an all-time low. Ugly numbers, including guidance for sharply negative free cash flow this year, seem to support the market's bearishness.

Blue Bird: Ugly Numbers Mask Still-Attractive Long-Term Case

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, lauds yesterday's announcement by the U.S. Environmental Protection Agency (EPA) to double the funding awarded for clean school buses to nearly $1 billion this year. The rebate program accelerates the replacement of diesel-powered school buses with zero- and low-emission school buses. The funds will also assist school districts and other eligible participants to establish the

Blue Bird Applauds EPA Doubling its Clean School Bus Rebate Awards to Nearly $1 Billion

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, delivered the first of three electric school buses to Chinle Unified School District (USD) in Arizona, the largest school district in the Navajo Nation. Chinle USD expands its all Blue Bird diesel-powered bus fleet with zero-emission vehicles to put student and community health first while reducing operating costs. Select Blue Bird customers reported an average 14 cents per m

Blue Bird Delivers First Electric School Bus to Navajo Nation in Arizona

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today that it has entered into a fifth amendment to its credit facility, dated as of December 12, 2016. The Fifth Amendment provides covenant relief, through December 31, 2022, via a waiver of the trailing twelve-month minimum consolidated EBITDA covenant for the fiscal quarter ending October 1, 2022 and the minimum units manufactured covenant for the trailing three

Blue Bird Announces Amendment of Credit Facility

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its participation in two upcoming investor conferences. The company will join the Cowen's 15th Annual Global Transportation & Sustainable Mobility Conference, held virtually September 7-9, and the D.A. Davidson 21st Annual Diversified Industrials & Services Conference, September 22-23, at the Virgin Hotel in Nashville, TN. To inquire about meeting avai

Blue Bird Announces Participation in Upcoming September Investor Conferences

Blue Bird Corporation (NASDAQ:BLBD ) Q3 2022 Earnings Conference Call August 10, 2022 4:30 PM ET Company Participants Mark Benfield - Executive , IR Matthew Stevenson - President and CEO Razvan Radulescu - CFO Conference Call Participants Mike Shlisky - D.A. Davidson Eric Stine - Craig-Hallum Operator Good afternoon, and welcome to the Blue Bird Corporation Fiscal 2022 Third Quarter Earnings Conference call.

Blue Bird Corporation (BLBD) CEO Matthew Stevenson on Q3 2022 Results - Earnings Call Transcript

Blue Bird (BLBD) delivered earnings and revenue surprises of 62.50% and 1.87%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Blue Bird (BLBD) Reports Q3 Loss, Misses Revenue Estimates

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2022 third quarter results. Highlights  (in millions except Unit Sales and EPS data) Three Months Ended July 2, 2022   B/(W) 2021   Nine Months Ended July 2, 2022   B/(W) 2021 Unit Sales   1,726       (298 )     4,806       38   GAAP Measures:               Revenue $ 206.1     $ 9.4     $ 543.0     $ 51.2   Net Income $ (6.4 )   $ (10.

Blue Bird Reports Fiscal 2022 Third Quarter Results; Recovery Plan Yielding Results Despite Continued Challenging Environment; Focused on Electric Vehicle Growth

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