Latest news with #BlueBirdCorporation
Business Wire
21-05-2025
- Automotive
- Business Wire
Blue Bird's Foundation Donates More Than $50,000 to Community Groups in Georgia
MACON, Ga.--(BUSINESS WIRE)--The Blue Bird School Bus Foundation, charitable arm of iconic school bus manufacturer Blue Bird Corporation (Nasdaq: BLBD), continues to advance the education, health, and safety of children in its home state of Georgia. The Foundation hosted a community event at its corporate headquarters in Macon, Ga., and awarded a total of $53,300 to ten local area nonprofit organizations, including: Donations ranged from $2,500 up to $12,500. "Georgia has been our home for nearly a century," said Blue Bird president and CEO John Wyskiel. "Our school buses safely transport children, so we deeply care about their education, health, and safety. We're pleased to fund ten local nonprofits that work tirelessly to improve our communities for children every day." "As a first-time recipient, we are delighted to accept the generous donation from the Blue Bird School Bus Foundation to promote child car seat safety in our local communities," said Abbie Price, Coordinator at Safe Kids Central Georgia, which was awarded Blue Bird's top-level donation of $12,500 at the community event. 'The funding will enable us to provide free car seats and educational materials to low-income families in need." Since its inception in 2015, the Blue Bird School Bus Foundation has donated more than $600,000 in charitable contributions to various community organizations, including more than 85 Georgia-based nonprofits. In addition, Blue Bird has donated three all-electric, zero-emission school buses to three community organizations since Dec. 2023, including Peach County Schools in Fort Valley, Ga., the Jerome Bettis Bus Stops Here Foundation in Pittsburgh, Pa., and to Hoop Bus in Los Angeles, Ca. Peach County Schools added the zero-emission school bus to its all-Blue Bird school bus fleet as a clean transportation option for day and field trips, as well as on special routes. The Jerome Bettis Bus Stops Here Foundation is turning the electric bus into a mobile computer lab to expand the foundation's digital literacy programs for local community members in need. And Hoop Bus equipped the zero-emission bus with basketball hoops at the front and back, turning the vehicle into an interactive, mobile court serving thousands of at-risk youth in under-resourced communities across California. About Blue Bird School Bus Foundation Inc. The Blue Bird School Bus Foundation Inc. is a Georgia nonprofit corporation with the mission to promote education, health, and safety for children in the state of Georgia. Established in 2015, the Foundation supports organizations that directly benefit school age children under 19 years old as well as organizations which directly support disadvantaged communities. For more information, visit About Blue Bird Corporation Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 25,000 propane, natural gas, and electric powered buses sold. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit
Yahoo
11-05-2025
- Automotive
- Yahoo
Is Blue Bird Corporation (BLBD) the Best Small Cap EV Stock to Buy?
We recently compiled a list of the 12 Small Cap EV Stocks to Buy Now. In this article, we are going to take a look at where Blue Bird Corporation (NASDAQ:BLBD) stands against the other small-cap EV stocks. In 2024, electric vehicles (EVs) represented 8.1% of the 16 million vehicles sold in the United States, according to Cox Automotive. While this was a record share, it was still below the 10% that analysts had expected at the beginning of the year. Despite this, some believe that the EV market may be picking up pace. READ ALSO: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Despite the fact that overall EV adoption has been slower than expected, brands like Cadillac are expanding their electric lineup. By the end of 2025, Cadillac plans to offer five EVs. These include the Escalade IQ, Optiq crossover, Lyriq, the upcoming three-row Vistiq, and the luxury Celestiq. Cadillac expects roughly one in three vehicles it sells in the US this year will be all-electric. Brad Franz, Cadillac's director of marketing, told CNBC that the company is launching EVs to grow its business and attract new customers to the brand instead of just shifting sales from gas-powered cars. According to Franz, the EV portfolio will offer customers more choices. In 2024, the company sold about 29,000 EVs. For 2025, Cadillac aims for EVs to make up between 30% to 35% of its sales in the US. However, Cadillac has abandoned its earlier plan to sell only EVs by 2030. Instead, the company said that customer demand will determine the elimination of gas-powered vehicles. This approach reflects a broader trend. A number of automakers have turned their back on plans to exclusively sell EVs in the near future as customer adoption has not been as fast as expected. To compile our list of the 12 small-cap EV stocks to buy now, we reviewed our own rankings and consulted various online resources to compile a list of the best small-cap EV stocks. Please note that we defined small-cap stocks as those with a market capitalization between $500 million and $10 billion. From an initial pool of more than 20 small-cap EV stocks that met our criteria, we focused on the top 12 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey's Q4 2024 database of more than 1,000 elite hedge funds. The 12 small-cap EV stocks to buy now were then ranked in ascending order based on the number of hedge funds holding stakes in them as of Q4 2024. Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A group of school buses lined up in front of a large building, painted in bright colors. Market Capitalization: $1.21 Billion Number of Hedge Fund Holders: 25 Blue Bird Corporation (NASDAQ:BLBD) is an American school bus manufacturing company that ranks among the best EV stocks. The company manufactures a range of electric and low-emission buses. With sales into Africa, Asia, the Caribbean, Latin America, and the Middle East, Blue Bird Corporation (NASDAQ:BLBD) has a global presence. In Q2 of fiscal 2025, which ended on March 29, 2025, Blue Bird Corporation (NASDAQ:BLBD) delivered a record 265 electric-powered buses. The company has reported significant growth in EV orders and by the end of the quarter, it had more than 1,100 EV buses either sold or in its firm order backlog. This supports the company's EV sales target for 2025. From April 28 to April 30, Blue Bird Corporation (NASDAQ:BLBD) presented its latest zero- and ultra-low emission commercial vehicle platforms at the 2025 Advanced Clean Transportation (ACT) Expo, which is North America's largest advanced transportation technology event. The company showcased both its groundbreaking electric step van and propane-powered stripped chassis at the industry event. According to Blue Bird Corporation (NASDAQ:BLBD), both its electric-powered and propane-powered stripped chassis are expected to be commercially available in the first quarter of 2026. Overall, BLBD ranks 5th on our list of small-cap EV stocks to buy now. While we acknowledge the potential of BLBD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BLBD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Blue Bird's (NASDAQ:BLBD) Q1 Sales Beat Estimates, Full-Year Outlook Slightly Exceeds Expectations
We can dig further into the company's revenue dynamics by analyzing its number of units sold, which reached 2,295 in the latest quarter. Over the last two years, Blue Bird's units sold averaged 6.8% year-on-year growth. Because this number is lower than its revenue growth, we can see the company benefited from price increases. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Blue Bird's annualized revenue growth of 16.5% over the last two years is above its five-year trend, suggesting its demand recently accelerated. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. Regrettably, Blue Bird's sales grew at a tepid 5% compounded annual growth rate over the last five years. This wasn't a great result compared to the rest of the industrials sector, but there are still things to like about Blue Bird. With around a century of experience, Blue Bird (NASDAQ:BLBD) is a manufacturer of school buses and complementary parts. 'I am incredibly proud of our team in delivering another outstanding result, achieving a new all-time quarterly record revenue and profit,' said John Wyskiel, President & CEO of Blue Bird Corporation. Free Cash Flow Margin: 5.2%, down from 15% in the same quarter last year Operating Margin: 9.4%, down from 10.4% in the same quarter last year EBITDA guidance for the full year is $200 million at the midpoint, above analyst estimates of $197.9 million The company reconfirmed its revenue guidance for the full year of $1.45 billion at the midpoint Is now the time to buy Blue Bird? Find out in our full research report . School bus company Blue Bird (NASDAQ:BLBD) reported revenue ahead of Wall Street's expectations in Q1 CY2025, with sales up 3.7% year on year to $358.9 million. The company's full-year revenue guidance of $1.45 billion at the midpoint came in 0.9% above analysts' estimates. Its non-GAAP profit of $0.96 per share was in line with analysts' consensus estimates. Story Continues Blue Bird Units Sold This quarter, Blue Bird reported modest year-on-year revenue growth of 3.7% but beat Wall Street's estimates by 0.6%. Looking ahead, sell-side analysts expect revenue to grow 9.4% over the next 12 months, a deceleration versus the last two years. Despite the slowdown, this projection is healthy and suggests the market sees success for its products and services. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating Margin Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. Blue Bird was profitable over the last five years but held back by its large cost base. Its average operating margin of 4.7% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point. On the plus side, Blue Bird's operating margin rose by 7.4 percentage points over the last five years, as its sales growth gave it operating leverage. Blue Bird Trailing 12-Month Operating Margin (GAAP) This quarter, Blue Bird generated an operating profit margin of 9.4%, down 1 percentage points year on year. Conversely, its revenue and gross margin actually rose, so we can assume it was less efficient because its operating expenses like marketing, R&D, and administrative overhead grew faster than its revenue. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Blue Bird's EPS grew at a spectacular 17.3% compounded annual growth rate over the last five years, higher than its 5% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Blue Bird Trailing 12-Month EPS (Non-GAAP) Diving into the nuances of Blue Bird's earnings can give us a better understanding of its performance. As we mentioned earlier, Blue Bird's operating margin declined this quarter but expanded by 7.4 percentage points over the last five years. This was the most relevant factor (aside from the revenue impact) behind its higher earnings; taxes and interest expenses can also affect EPS but don't tell us as much about a company's fundamentals. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Blue Bird, its two-year annual EPS growth of 154% was higher than its five-year trend. We love it when earnings growth accelerates, especially when it accelerates off an already high base. In Q1, Blue Bird reported EPS at $0.96, up from $0.89 in the same quarter last year. This print was close to analysts' estimates. Over the next 12 months, Wall Street expects Blue Bird's full-year EPS of $3.55 to grow 19.9%. Key Takeaways from Blue Bird's Q1 Results We enjoyed seeing Blue Bird beat analysts' revenue, EPS, and EBITDA expectations this quarter. We were also glad its full-year EBITDA guidance slightly exceeded Wall Street's estimates. Overall, this print had some key positives. The stock remained flat at $37.50 immediately following the results. Big picture, is Blue Bird a buy here and now? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
Business Wire
07-05-2025
- Business
- Business Wire
Blue Bird Reports Fiscal 2025 Second Quarter Results; Beats Second Quarter Guidance With Record Result; Reaffirms 2025 Guidance and Long-Term Outlook
MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation ('Blue Bird') (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2025 second quarter results. Highlights 'I am incredibly proud of our team in delivering another outstanding result, achieving a new all-time quarterly record revenue and profit,' said John Wyskiel, President & CEO of Blue Bird Corporation. 'The Blue Bird team continued to exceed expectations, improving operations, driving new orders, and expanding our leadership in alternative-powered buses. Market demand remains very strong with approximately 4,900 units in our order backlog at the end of the second quarter. Unit sales were slightly above the same period as last year, and revenue was up by $12.9M, driven by product mix and pricing. We delivered an exceptional 14% Adj. EBITDA margin for Q2 2025. With 88% of our second quarter unit sales mix comprised of internal combustion engine (ICE) buses, this result demonstrates the very strong earnings power of our core business. 'In our push to expand our leadership in alternative-powered school buses, we delivered a record 265 electric-powered buses this quarter. As of the end of the quarter, we have more than 1,100 EV buses either sold or in our firm order backlog, which supports our EV sales target for 2025. 'Based on our strong Q2 performance, we've maintained our full-year financial guidance for Adjusted EBITDA at $200 million, with a 14% margin. This will be an all-time full-year record for Blue Bird, and we look forward to sustained profitable growth in the coming years.' FY2025 Guidance and Long-Term Outlook Reaffirmed 'We are very pleased with the second quarter results, with our highest ever quarterly revenue and Adj. EBITDA' said Razvan Radulescu, CFO of Blue Bird Corporation. 'Our business is in a very strong position and we continue to deliver ahead of the plan we have been messaging. We are reaffirming our full-year 2025 guidance for Net Revenue to $1.4-1.5 Billion, Adj. EBITDA to $190-210 million and Adj. Free Cash Flow to $60-80 million. Additionally, we are confirming our long-term profit outlook towards an Adjusted EBITDA margin of 15%+ on ~$2 billion in revenue.' Fiscal 2025 Second Quarter Results Net Sales Net sales were $358.9 million for the second quarter of fiscal 2025, an increase of $12.9 million, or 3.7%, compared to $345.9 million for the second quarter of fiscal 2024. The increase in net sales is primarily due to a small increase in Bus unit bookings as well as Bus customer and product mix changes that were partially offset by a small decrease in Parts sales. Bus sales increased $14.8 million, or 4.6%, reflecting a 1.8% increase in unit bookings and a 2.8% increase in average sales price per unit. In the second quarter of fiscal 2025, 2,295 units booked compared to 2,254 units booked for the same period in fiscal 2024. The small increase in unit price for the second quarter of fiscal 2025 compared to the same period in fiscal 2024 was primarily due to customer and product mix changes. Parts sales decreased $1.8 million, or 6.5%, for the second quarter of fiscal 2025 compared to the second quarter of fiscal 2024. This decrease is primarily attributed to slight variations due to product and channel mix. Gross Profit Second quarter gross profit of $70.9 million represented an increase of $7.2 million from the second quarter of last year. The increase was primarily driven by the $12.9 million increase in net sales, discussed above, and partially offset by a corresponding increase of $5.7 million in cost of goods sold. Net Income Net income was $26.0 million for the second quarter of fiscal 2025, the same as from the second quarter of last year. Among other smaller fluctuations, the $7.2 million increase in gross profit, discussed above, was offset by an increase of $9.6 million in selling, general and administrative expenses, primarily due to an increase in a) share-based compensation expense recorded in the second quarter of fiscal 2025 relating to the retirement of our former President and Chief Executive Officer and b) labor costs. Adjusted Net Income Adjusted net income of $31.5 million represented an increase of $2.3 million from the second quarter of last year. The increase was primarily driven by a tax effected increase of $3.7 million in share-based compensation expense, largely relating to the retirement of our former President and Chief Executive Officer, and partially offset by a tax effected $1.4 million in stockholder transaction costs that was present in the second quarter of last year, with no such expense in the current year. Adjusted EBITDA Adjusted EBITDA was $49.2 million, which was an increase of $3.5 million compared with the second quarter of fiscal 2024. The increase primarily relates to the $4.9 million increase in share-based compensation expense and $1.9 million decrease in stockholder transaction costs, both discussed above. Year-to-Date Fiscal 2025 Results Net Sales Net sales were $672.7 million for the six months ended March 29, 2025, an increase of $9.1 million, or 1.4%, compared to $663.6 million for the six months ended March 30, 2024. The increase in net sales is primarily due to a small increase in Bus unit bookings as well as Bus customer and product mix changes that were partially offset by a small decrease in Parts sales. Bus sales increased $9.5 million, or 1.5%, reflecting a 1.0% increase in units booked and a 0.6% increase in average sales price per unit. 4,425 units booked in the six months ended March 29, 2025 compared with 4,383 units booked during the same period in fiscal 2024. The small increase in unit price for the first six months of fiscal 2025 compared to the same period in fiscal 2024 was primarily due to customer and product mix changes. Parts sales decreased $0.3 million, or 0.6%, for the six months ended March 29, 2025 compared to the six months ended March 30, 2024. This small decrease is primarily attributed to slight variations due to product and channel mix. Gross Profit Fiscal year-to-date gross profit was $131.2 million, an increase of $4.0 million from the same period in the prior year. The increase was primarily driven by the $9.1 million increase in net sales, discussed above, and partially offset by a corresponding increase of $5.2 million in cost of goods sold. Net Income Net income was $54.8 million for the six months ended March 29, 2025, a $2.6 million increase from the same period in the prior year. The increase in net income was primarily driven by the $4.0 million increase in gross profit, discussed above. Adjusted Net Income Adjusted net income was $62.1 million for the six months ended March 29, 2025, an increase of $3.2 million compared to the same period in the prior year. This is primarily due to the $2.6 million increase in net income, discussed above. Adjusted EBITDA Adjusted EBITDA was $95.0 million for the six months ended March 29, 2025, an increase of $1.6 million compared to the same period in the prior year. This is primarily due to the $2.6 million increase in net income, discussed above. Conference Call Details Blue Bird will discuss its second quarter 2025 results in a conference call at 4:30 PM ET today. Participants may listen to the audio portion of the conference call either through a live audio webcast on the Company's website or by telephone. The slide presentation and webcast can be accessed via the Investor Relations portion of Blue Bird's website at Webcast participants should log on and register at least 15 minutes prior to the start time on the Investor Relations homepage of Blue Bird's website at Click the link in the events box on the Investor Relations landing page. Participants desiring audio only should dial 404-975-4839 or 833-470-1428. The access code is 942442. A replay of the webcast will be available approximately two hours after the call concludes via the same link on Blue Bird's website. About Blue Bird Corporation Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit Key Non-GAAP Financial Measures We Use to Evaluate Our Performance This press release includes the following non-GAAP financial measures 'Adjusted EBITDA,' "Adjusted EBITDA Margin," "Adjusted Net Income," "Adjusted Diluted Earnings per Share," 'Free Cash Flow' and 'Adjusted Free Cash Flow'. Adjusted EBITDA and Free Cash Flow are financial metrics that are utilized by management and the board of directors, as and when applicable, to determine (a) the annual cash bonus payouts, if any, to be made to certain employees based upon the terms of the Company's Management Incentive Plan, and (b) whether the performance criteria have been met for the vesting of certain equity awards granted annually to certain members of management based upon the terms of the Company's Omnibus Equity Incentive Plan. Additionally, consolidated EBITDA, which is an adjusted EBITDA metric defined by our Credit Agreement that could differ from Adjusted EBITDA discussed above as the adjustments to the calculations are not uniform, is used to determine the Company's ongoing compliance with several financial covenant requirements, including being utilized in the denominator of the calculation of the Total Net Leverage Ratio. Accordingly, management views these non-GAAP financial metrics as key for the above purposes and as a useful way to evaluate the performance of our operations as discussed further below. Adjusted EBITDA is defined as net income or loss prior to interest income; interest expense including the component of operating lease expense (which is presented as a single operating expense in selling, general and administrative expenses in our U.S. GAAP financial statements) that represents interest expense on lease liabilities; income taxes; and depreciation and amortization including the component of operating lease expense (which is presented as a single operating expense in selling, general and administrative expenses in our U.S. GAAP financial statements) that represents amortization charges on right-of-use lease assets; as adjusted for certain non-cash charges or credits that we may record on a recurring basis such as share-based compensation expense and unrealized gains or losses on certain derivative financial instruments as well as certain charges such as (i) transaction related costs or (ii) discrete expenses related to major cost cutting and/or operational transformation initiatives. While certain of the charges that are added back in the Adjusted EBITDA calculation, such as transaction related costs and major cost cutting and/or operational transformation initiatives, represent operating expenses that may be recorded in more than one annual period, the significant project or transaction giving rise to such expenses is not considered to be indicative of the Company's normal operations. Accordingly, we believe that these, as well as the other credits and charges that comprise the amounts utilized in the determination of Adjusted EBITDA described above, should not be used in evaluating the Company's ongoing annual operating performance. We define Adjusted EBITDA Margin as Adjusted EBITDA as a percentage of net sales. Adjusted EBITDA and Adjusted EBITDA Margin are not measures of performance defined in accordance with U.S. GAAP. The measures are used as a supplement to U.S. GAAP results in evaluating certain aspects of our business, as described below. We believe that Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Diluted Earnings per Share are useful to investors in evaluating our performance because the measures consider the performance of our ongoing operations, excluding decisions made with respect to capital investment, financing, and certain other significant initiatives or transactions as outlined in the preceding paragraph. We believe the non-GAAP measures offer additional financial metrics that, when coupled with the GAAP results and the reconciliation to GAAP results, provide a more complete understanding of our results of operations and the factors and trends affecting our business. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income and Adjusted Diluted Earnings per Share should not be considered as alternatives to net income or GAAP earnings per share as an indicator of our performance or as alternatives to any other measure prescribed by GAAP as there are limitations to using such non-GAAP measures. Although we believe the non-GAAP measures may enhance an evaluation of our operating performance based on recent revenue generation and product/overhead cost control because they exclude the impact of prior decisions made about capital investment, financing, and other expenses, (i) other companies in Blue Bird's industry may define Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Diluted Earnings per Share differently than we do and, as a result, they may not be comparable to similarly titled measures used by other companies in Blue Bird's industry, and (ii) Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Diluted Earnings per Share exclude certain financial information that some may consider important in evaluating our performance. We compensate for these limitations by providing disclosure of the differences between Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Diluted Earnings per Share and GAAP results, including providing a reconciliation to GAAP results, to enable investors to perform their own analysis of our operating results. Our measures of 'Free Cash Flow' and "Adjusted Free Cash Flow" are used in addition to and in conjunction with results presented in accordance with GAAP and free cash flow and adjusted free cash flow should not be relied upon to the exclusion of GAAP financial measures. Free cash flow and adjusted free cash flow reflect an additional way of viewing our liquidity that, when viewed with our GAAP results, provides a more complete understanding of factors and trends affecting our cash flows. We strongly encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. We define Free Cash Flow as total cash provided by/used in operating activities as adjusted for net cash paid for the acquisition of fixed assets and intangible assets. We use Free Cash Flow, and ratios based on Free Cash Flow, to conduct and evaluate our business because, although it is similar to cash flow from operations, we believe it is a more conservative measure of cash flow since purchases of fixed assets and intangible assets are a necessary component of ongoing operations. Forward Looking Statements This press release includes forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations for future financial performance, business strategies or expectations for our business. Specifically, forward-looking statements include statements in this press release regarding guidance, seasonality, product mix and gross profits and may include statements relating to: Inherent limitations of internal controls impacting financial statements Growth opportunities Future profitability Ability to expand market share Customer demand for certain products Economic conditions (including tariffs) that could affect fuel costs, commodity costs, industry size and financial conditions of our dealers and suppliers Labor or other constraints on the Company's ability to maintain a competitive cost structure Volatility in the tax base and other funding sources that support the purchase of buses by our end customers Lower or higher than anticipated market acceptance for our products Other statements preceded by, followed by or that include the words 'estimate,' 'plan,' 'project,' 'forecast,' 'intend,' 'expect,' 'anticipate,' 'believe,' 'seek,' 'target' or similar expressions These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. The factors described above, as well as risk factors described in reports filed with the SEC by us (available at could cause our actual results to differ materially from estimates or expectations reflected in such forward-looking statements. BLUE BIRD CORPORATION AND SUBSIDIARIES (Unaudited) (in thousands of dollars, except for share data) March 29, 2025 September 28, 2024 Assets Current assets Cash and cash equivalents $ 130,749 $ 127,687 Accounts receivable, net 15,786 59,099 Inventories 163,832 127,798 Other current assets 18,052 8,795 Total current assets $ 328,419 $ 323,379 Property, plant and equipment, net $ 104,022 $ 97,322 Goodwill 18,825 18,825 Intangible assets, net 42,620 43,554 Equity investment in affiliates 35,967 32,089 Deferred tax assets 5,075 2,399 Finance lease right-of-use assets 78 332 Pension 6,563 4,649 Other assets 2,129 2,345 Total assets $ 543,698 $ 524,894 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 153,730 $ 143,156 Warranty 7,164 7,166 Accrued expenses 42,454 55,775 Deferred warranty income 10,281 9,421 Finance lease obligations 377 975 Other current liabilities 7,640 14,480 Current portion of long-term debt 5,000 5,000 Total current liabilities $ 226,646 $ 235,973 Long-term liabilities Revolving credit facility $ — $ — Long-term debt 87,661 89,994 Warranty 9,181 9,013 Deferred warranty income 20,167 18,541 Deferred tax liabilities 1,530 2,783 Finance lease obligations — 6 Other liabilities 8,121 9,020 Total long-term liabilities $ 126,660 $ 129,357 Guarantees, commitments and contingencies Stockholders' equity Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 0 shares outstanding at March 29, 2025 and September 28, 2024 $ — $ — Common stock, $0.0001 par value, 100,000,000 shares authorized, 31,674,003 and 32,268,022 shares issued and outstanding at March 29, 2025 and September 28, 2024, respectively 3 3 Additional paid-in capital 191,985 185,977 Retained earnings 24,715 — Accumulated other comprehensive loss (26,311 ) (26,416 ) Total stockholders' equity $ 190,392 $ 159,564 Total liabilities and stockholders' equity $ 543,698 $ 524,894 Expand BLUE BIRD CORPORATION AND SUBSIDIARIES (Unaudited) Three Months Ended Six Months Ended (in thousands of dollars except for share data) March 29, 2025 March 30, 2024 March 29, 2025 March 30, 2024 Net sales $ 358,851 $ 345,915 $ 672,723 $ 663,575 Cost of goods sold 287,997 282,276 541,552 536,378 Gross profit $ 70,854 $ 63,639 $ 131,171 $ 127,197 Operating expenses Selling, general and administrative expenses 37,143 27,571 64,418 53,173 Operating profit $ 33,711 $ 36,068 $ 66,753 $ 74,024 Interest expense (1,813 ) (2,812 ) (3,728 ) (6,443 ) Interest income 1,258 1,054 2,826 2,142 Other income (expense), net 444 (1,968 ) 3,360 (3,189 ) Loss on debt refinancing — — — (1,558 ) Income before income taxes $ 33,600 $ 32,342 $ 69,211 $ 64,976 Income tax expense (9,129 ) (8,261 ) (17,822 ) (16,707 ) Equity in net income of non-consolidated affiliates 1,575 1,942 3,379 3,904 Net income $ 26,046 $ 26,023 $ 54,768 $ 52,173 Earnings per share: Basic weighted average shares outstanding 31,917,407 32,240,458 32,072,354 32,205,657 Diluted weighted average shares outstanding 32,885,993 33,074,592 33,152,066 32,828,339 Basic earnings per share $ 0.82 $ 0.81 $ 1.71 $ 1.62 Diluted earnings per share $ 0.79 $ 0.79 $ 1.65 $ 1.59 Expand BLUE BIRD CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Six Months Ended (in thousands of dollars) March 29, 2025 March 30, 2024 Cash flows from operating activities Net income $ 54,768 $ 52,173 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization expense 7,710 7,255 Non-cash interest expense 167 219 Share-based compensation expense 9,940 4,543 Equity in net income of non-consolidated affiliates (3,379 ) (3,904 ) Dividend from equity investment in affiliates — 2,991 Loss on disposal of fixed assets 285 25 Deferred income tax (benefit) expense (3,962 ) 1,825 Amortization of deferred actuarial pension losses 139 344 Loss on debt refinancing — 1,558 Changes in assets and liabilities: Accounts receivable 43,313 1,149 Inventories (36,034 ) (10,115 ) Other assets (10,955 ) (10,016 ) Accounts payable 9,929 2,298 Accrued expenses, pension and other liabilities (17,741 ) 4,426 Total adjustments $ (588 ) $ 2,598 Total cash provided by operating activities $ 54,180 $ 54,771 Cash flows from investing activities Cash paid for fixed assets $ (13,616 ) $ (5,643 ) Equity investment in affiliates (500 ) — Total cash used in investing activities $ (14,116 ) $ (5,643 ) Cash flows from financing activities Revolving credit facility borrowings $ — $ 36,220 Revolving credit facility repayments — (36,220 ) Term loan borrowings — 100,000 Term loan repayments (2,500 ) (133,050 ) Principal payments on finance leases (604 ) (292 ) Cash paid for debt costs — (3,128 ) Repurchase of common stock in connection with repurchase program (30,053 ) — Repurchase of common stock in connection with stock award exercises (4,412 ) (301 ) Cash received from stock option exercises 567 1,751 Total cash used in financing activities $ (37,002 ) $ (35,020 ) Change in cash and cash equivalents 3,062 14,108 Cash and cash equivalents at beginning of period 127,687 78,988 Cash and cash equivalents at end of period $ 130,749 $ 93,096 Expand Reconciliation of Net Income to Adjusted EBITDA Three Months Ended Six Months Ended (in thousands of dollars) March 29, 2025 March 30, 2024 March 29, 2025 March 30, 2024 Net income $ 26,046 $ 26,023 $ 54,768 $ 52,173 Adjustments: Interest expense, net (1) 633 1,860 1,066 4,515 Income tax expense 9,129 8,261 17,822 16,707 Depreciation, amortization, and disposals (2) 4,251 3,988 8,494 8,198 Share-based compensation expense 7,434 2,492 9,940 4,543 Stockholder transaction costs — 1,933 — 3,154 Loss on debt refinancing — — — 1,558 Micro Bird Holdings, Inc. total interest expense, net; income tax expense or benefit; depreciation expense and amortization expense 1,713 1,195 1,156 1,395 Other — (1 ) — (83 ) Adjusted EBITDA $ 49,206 $ 45,751 $ 94,959 $ 93,355 Adjusted EBITDA margin (percentage of net sales) 13.7 % 13.2 % 14.1 % 14.1 % Expand (1) Includes $0.1 million for both the three months ended March 29, 2025 and March 30, 2024, and $0.2 million for both the six months ended March 29, 2025 and March 30, 2024, representing interest expense on operating lease liabilities, which are a component of lease expense and presented as a single operating expense in selling, general and administrative expenses on our Condensed Consolidated Statements of Operations. (2) Includes $0.4 million and $0.3 million for the three months ended March 29, 2025 and March 30, 2024, respectively, and $0.8 million and $0.9 million for the six months ended March 29, 2025 and March 30, 2024, respectively representing amortization charges on right-of-use lease assets, which are a component of lease expense and presented as a single operating expense in selling, general and administrative expenses on our Condensed Consolidated Statements of Operations. Expand Reconciliation of Net Income to Adjusted Net Income Three Months Ended Six Months Ended (in thousands of dollars) March 29, 2025 March 30, 2024 March 29, 2025 March 30, 2024 Net income $ 26,046 $ 26,023 $ 54,768 $ 52,173 Adjustments, net of tax benefit or expense (1) Share-based compensation expense 5,501 1,844 7,356 3,362 Stockholder transaction costs — 1,430 — 2,334 Loss on debt refinancing — — — 1,153 Other — (1 ) — (61 ) Adjusted net income, non-GAAP $ 31,547 $ 29,296 62,124 58,961 Expand (1) Amounts are net of estimated tax rates of 26%. Expand
Yahoo
23-04-2025
- Business
- Yahoo
Blue Bird to Report Fiscal 2025 Second Quarter Results on May 7, 2025
Webcast and Conference Call Scheduled for 4:30PM ET MACON, Ga., April 23, 2025--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and cleaner-emission school buses, will release its fiscal 2025 second quarter results on May 7, 2025. The public is invited to attend an audio webcast in which Blue Bird executives John Wyskiel, President and CEO, and Razvan Radulescu, CFO, will discuss results. This webcast will take place at 4:30PM ET on May 7, 2025. A slide presentation will be available to support the webcast. Dial-in details and the webcast of the presentation will be available on the Investor Relations portion of Blue Bird's website at Please click on the link in the Events box in the lower right corner of the Blue Bird Investor Relations landing page to access the webcast. A replay of the webcast will be available approximately two hours after the call concludes via the same link on Blue Bird's website. About Blue Bird Corporation Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 25,000 propane, natural gas, and electric powered buses sold. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit View source version on Contacts Mark BenfieldBlue Bird Corporation(478) Sign in to access your portfolio
