Business
Blue Bird Reports Fiscal Year 2023 Second Quarter Results; Turnaround Ahead of Schedule; Raises Guidance for the Year
Net Sales of $299.8M and GAAP Net Income of $7.1M Adjusted EBITDA of $19.8M with 2,304 Buses Sold FY2023 Guidance Increased to Adj. EBITDA of Approx. $60M
About this update from Blue Bird Corporation
[{"type":"text","content":"\nNet Sales of $299.8M and GAAP Net Income of $7.1M\n\n\nAdjusted EBITDA of $19.8M with 2,304 Buses Sold\n\n\nFY2023 Guidance Increased to Adj. EBITDA of Approx. $60M\n\n\nRobust Backlog of $775M+ and Nearly 5,800 Units\n\n\n MACON, Ga.--(BUSINESS WIRE)--\nBlue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2023 second quarter results.\n\n\nHighlights\n\n\n\n\n(in millions except Unit Sales and EPS data)\n\n\n\n\n\n\nThree Months Ended\nApril 1, 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\nB/(W) 2022\n\n\n\n\n\n\n \n\n\n\n\n\n\nSix Months Ended\nApril 1, 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\nB/(W) 2022\n\n\n\n\n\n\n\n\nUnit Sales\n\n\n\n\n\n\n \n\n\n\n\n\n\n2,304\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n373\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n4,261\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1,181\n\n\n\n\n\n\n\n\n\nGAAP Measures:\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n299.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n92.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n535.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n198.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet Income (Loss)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n7.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n19.3\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(4.2\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n12.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nDiluted EPS\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.22\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.60\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(0.13\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.41\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNon-GAAP Measures1:\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n\n\n$\n\n\n\n\n\n\n19.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n30.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n15.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n22.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted Net Income (Loss)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n8.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\...