Business
Blue Bird Reports Fiscal 2025 Second Quarter Results; Beats Second Quarter Guidance With Record Result; Reaffirms 2025 Guidance and Long-Term Outlook
Net Sales of $359M and GAAP Net Income of $26M Adj. EBITDA of $49M with 14% Margin and 2,295 Buses Sold FY2025 Adj. EBITDA Guidance Reaffirmed at $200M or
About this update from Blue Bird Corporation
[{"type":"text","content":"\nNet Sales of $359M and GAAP Net Income of $26M\n\nAdj. EBITDA of $49M with 14% Margin and 2,295 Buses Sold\n\nFY2025 Adj. EBITDA Guidance Reaffirmed at $200M or 14% of Revenue\n\n MACON, Ga.--(BUSINESS WIRE)--\nBlue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2025 second quarter results.\n\nHighlights\n\n\n\n(in millions except Unit Sales and EPS data)\n\n\n \n\nThree Months Ended\nMarch 29, 2025\n\n\n\n \n\n\n\nB/(W) Prior\nYear\n\n\n\n \n\n\n\nSix Months Ended\nMarch 29, 2025\n\n\n\n \n\n\n\nB/(W) Prior\nYear\n\n\n\n\n\nUnit Sales\n\n\n \n\n \n\n\n\n2,295\n\n\n\n \n\n\n\n \n\n\n\n41\n\n\n\n \n\n\n\n \n\n\n\n4,425\n\n\n\n \n\n\n\n \n\n\n\n42\n\n\n\n\n\nGAAP Measures:\n\n\n \n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nRevenue\n\n\n \n\n$\n\n\n\n358.9\n\n\n\n \n\n\n\n$\n\n\n\n12.9\n\n\n\n \n\n\n\n$\n\n\n\n672.7\n\n\n\n \n\n\n\n$\n\n\n\n9.1\n\n\n\n\n\nNet Income\n\n\n \n\n$\n\n\n\n26.0\n\n\n\n \n\n\n\n$\n\n\n\n—\n\n\n\n \n\n\n\n$\n\n\n\n54.8\n\n\n\n \n\n\n\n$\n\n\n\n2.6\n\n\n\n\n\nDiluted EPS\n\n\n \n\n$\n\n\n\n0.79\n\n\n\n \n\n\n\n$\n\n\n\n—\n\n\n\n \n\n\n\n$\n\n\n\n1.65\n\n\n\n \n\n\n\n$\n\n\n\n0.06\n\n\n\n\n\nNon-GAAP Measures1:\n\n\n \n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n \n\n$\n\n\n\n49.2\n\n\n\n \n\n\n\n$\n\n\n\n3.5\n\n\n\n \n\n\n\n$\n\n\n\n95.0\n\n\n\n \n\n\n\n$\n\n\n\n1.6\n\n\n\n\n\nAdjusted Net Income\n\n\n \n\n$\n\n\n\n31.5\n\n\n\n \n\n\n\n$\n\n\n\n2.3\n\n\n\n \n\n\n\n$\n\n\n\n62.1\n\n\n\n \n\n\n\n$\n\n\n\n3.2\n\n\n\n\n\nAdjusted Diluted EPS\n\n\n \n\n$\n\n\n\n0.96\n\n\n\n \n\n\n\n$\n\n\n\n0.07\n\n\n\n \n\n\n\n$\n\n\n\n1.87\n\n\n\n \n\n\n\n$\n\n\n\n0.07\n\n\n\n\n\n1 Reconciliation to relevant GAAP metrics shown below\n\n\n\n\n“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 r...