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.

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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.

Blue Bird reports record earnings, eyes EV growth in 2025

Blue Bird's Q4 2024 earnings call showcased exceptional financial results, strong market positioning, and a commitment to innovation and profitability.
While facing challenges such as supply chain issues and leadership transitions, the company remains focused on growth opportunities and operational excellence.
Investors are encouraged to stay engaged with Blue Bird's progress and strategic initiatives as the company navigates industry dynamics and drives future 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.

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

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, will offer a first-of-its-kind factory certified electric repower program on select gasoline- and propane-powered Blue Bird school buses. The company is collaborating with Lightning eMotors, a Colorado-based manufacturer of electric powertrains and complete zero-emission vehicle solutions, to jointly develop this repower electric vehicle (EV) powertrain system. Blue Bird cust

Blue Bird to Offer Electric Repower Option for Gasoline- and Propane-Powered School Buses

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and cleaner-emission school buses, will release its fiscal 2022 third quarter financial results on August 10, 2022. The public is invited to attend an audio webcast in which Blue Bird executives Matthew Stevenson, President and CEO, and Razvan Radulescu, CFO, will discuss results. This webcast will take place at 4:30PM ET on August 10, 2022. A slide presentation will be available to support the webcast. Di

Blue Bird to Report Fiscal 2022 Third Quarter Results on August 10, 2022

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, continues to expand its electrification ecosystem to help electric school bus customers meet their charging infrastructure needs. The company launched its Blue Bird Energy Services business to further accelerate the electrification of the student transportation industry by providing turnkey charging infrastructure solutions for electric school bus fleets. Blue Bird remains th

Blue Bird Expands Its Electrification Ecosystem

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and cleaner-emission school buses, announced today its participation in two upcoming investor conferences. The company will be participating in the 19th Annual Craig-Hallum Institutional Investor Conference, held virtually on June 1, 2022 and in the UBS Global Industrials & Transportation Conference held in-person in New York City on June 8, 2022. To inquire about meeting availability and scheduling, p

Blue Bird Announces Participation in Upcoming Investor Conferences

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has implemented a price increase on all model school buses to offset record inflationary pressures and substantially higher costs for raw materials, transportation, and labor. The Company also continues to face supply chain disruptions exacerbated by Russia's war in Ukraine and the lingering COVID-19 pandemic. Blue Bird's 10% price increase took effect on May 10, 2022. “We ma

Blue Bird Announces Price Increases For All Model School Buses

Blue Bird Corp (NASDAQ:BLBD ) Q2 2022 Earnings Conference Call May 12, 2022 4:30 PM ET Company Participants Mark Benfield - Executive Director, Profitability & IR Matthew Stevenson - President, CEO & Director Razvan Radulescu - CFO, Principal Financial & Principal Accounting Officer Conference Call Participants Eric Stine - Craig-Hallum Operator Hello, and welcome to the Blue Bird Corporation Fiscal 2022 Second Quarter Earnings Conference Call. [Operator Instructions].

Blue Bird Corp (BLBD) CEO Matthew Stevenson on Q2 2022 Results - Earnings Call Transcript

Blue Bird (BLBD) delivered earnings and revenue surprises of -342.86% and 33.97%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

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