Blue Bird Corp
NASDAQ:BLBD

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Blue Bird Corp
NASDAQ:BLBD
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Price: 51.27 USD 0.71% Market Closed
Market Cap: 1.6B USD

Blue Bird Corp
Investor Relations

In the realm of American school transportation, Blue Bird Corporation stands out as an enduring symbol of reliability and innovation. Founded in 1927 by Albert L. Luce, Sr., it paved its path as a pioneer in the school bus industry. Headquartered in Fort Valley, Georgia, Blue Bird’s name has become synonymous with the quintessential yellow school bus, an iconic vehicle tracing the journeys of countless students to and from schools across the nation. The company’s primary business revolves around manufacturing and selling a diverse range of purpose-built school buses, catering to various district needs from small to large and conventional to alternative power, such as electric and propane-fueled buses. This diversification not only underscores Blue Bird’s adaptability in a changing transportation landscape but also highlights its commitment to environmental sustainability.

The financial heart of Blue Bird beats robustly by efficiently manufacturing buses and tapping into post-sale revenue streams such as parts and maintenance services. This comprehensive suite of offerings ensures a steady flow of income long after the initial bus sales. By capitalizing on government contracts and educational funding, Blue Bird has solidified a foothold in the lucrative school transportation market. Additionally, the company continuously invests in innovation, partnering with technology and energy firms to develop more environmentally friendly buses, thus aligning with broader sustainability trends. As a result, Blue Bird not only captures revenue from bus sales but also fortifies its brand loyalty, positioning itself as a forward-thinking leader in an industry that balances tradition with the necessities of progress.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Nov 24, 2025
AI Summary
Q4 2025

Record Performance: Blue Bird delivered record revenue, adjusted EBITDA, and free cash flow for fiscal 2025, beating guidance on all key metrics.

Revenue Growth: Revenue reached $1.48 billion, up $133 million from last year, with strong sales of alternative-powered and electric buses.

Strong Margins: Adjusted EBITDA margin hit 15%, a historic high, with gross margin improving to 20.5% for the year.

EV Momentum: Electric vehicle (EV) sales grew 28% to 901 units, and EV demand remains solid with a deepening backlog.

Backlog Recovery: Although year-end backlog dipped due to tariff uncertainty, recent order activity lifted backlog to nearly 4,000 units, including over 850 EVs.

2026 Guidance Reaffirmed: Management reaffirmed fiscal 2026 guidance of $1.45–$1.55 billion in revenue, 9,500 units, and $210–$230 million adjusted EBITDA.

Operational Investments: The company is investing heavily in new manufacturing automation and a new plant, with $200 million planned over two years.

Shareholder Returns: Blue Bird continues stock buybacks and maintains strong liquidity, ending the year with $229 million in cash.

Key Financials
Revenue
$1.48 billion
Adjusted EBITDA
$221 million
Adjusted EBITDA Margin
15%
Gross Margin
20.5%
Adjusted Net Income
$144 million
Adjusted Diluted EPS
$4.38
Units Sold
9,409
Free Cash Flow
$153 million
Operating Cash Flow
$176 million
Cash Balance
$229 million
Liquidity
$371 million
Bus Backlog (year-end)
3,100 units
Current Bus Backlog
Nearly 4,000 units
Current EV Backlog
Over 850 units
EV Units Sold (year)
901
EV Units Sold (Q4)
233
Bus Average Revenue per Unit (Q4)
$153,000
Bus Average Revenue per Unit (year)
$146,000
Parts Revenue (year)
$103 million
Backlog EVs (year-end)
680
Adjusted Net Income (Q4)
$43.4 million
Adjusted EBITDA (Q4)
$68 million
Adjusted EBITDA Margin (Q4)
16.6%
Adjusted Diluted EPS (Q4)
$1.32
Earnings Call Recording
Other Earnings Calls

Management

Mr. Philip Horlock
President, CEO & Director
No Bio Available
Mr. Razvan Radulescu
CFO, Principal Financial & Principal Accounting Officer
No Bio Available
Mr. Ted M. Scartz J.D.
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Jeff Sanfrey
Chief Operating Officer
No Bio Available
Mr. Mark R. Benfield
Executive Director of Profitability & Investor Relations
No Bio Available
Mr. Tim Gordon
Senior Vice President of Sales & Marketing
No Bio Available
Ms. Jolene O'Brien Paver
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. Jim Nelles
Senior Vice President of Global Supply Chain Management
No Bio Available
Craig West
Vice President ? Corporate Controller & Treasurer
No Bio Available
Mr. Eric Boule
President & CEO of Micro Bird
No Bio Available

Contacts

Address
GEORGIA
Macon
3920 Arkwright Rd Ste 200
Contacts
+14788222801.0
www.blue-bird.com