Business
Blue Bird Reports Fiscal Year 2023 Third Quarter Results; Turnaround Completed, Beats Guidance
Net Sales of $294.3M, up 43% and GAAP Net Income of $9.4M, up $15.8M Adjusted EBITDA of $28.0M, up $19.2M with 2,137 Buses Sold, up 24% FY2023 Adj. EBITDA
About this update from Blue Bird Corporation
[{"type":"text","content":"\nNet Sales of $294.3M, up 43% and GAAP Net Income of $9.4M, up $15.8M\n\n\nAdjusted EBITDA of $28.0M, up $19.2M with 2,137 Buses Sold, up 24%\n\n\nFY2023 Adj. EBITDA Guidance Increased to Approx. $73M, up $13M\n\n\n MACON, Ga.--(BUSINESS WIRE)--\nBlue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2023 third quarter results.\n\n\nHighlights\n\n\n\n\n(in millions except Unit Sales and EPS data)\n\n\n\n\n\n\nThree Months Ended\nJuly 1, 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\nB/(W) 2022\n\n\n\n\n\n\n \n\n\n\n\n\n\nNine Months Ended\nJuly 1, 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\nB/(W) 2022\n\n\n\n\n\n\n\n\nUnit Sales\n\n\n\n\n\n\n \n\n\n\n\n\n\n2,137\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n411\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n6,398\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1,592\n\n\n\n\n\n\n\n\nGAAP Measures:\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$\n\n\n\n\n\n\n294.3\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n88.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n829.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n286.9\n\n\n\n\n\n\n\n\nNet Income\n\n\n\n\n\n\n$\n\n\n\n\n\n\n9.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n15.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n5.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n27.9\n\n\n\n\n\n\n\n\nDiluted EPS\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.29\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.49\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.16\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.90\n\n\n\n\n\n\n\n\nNon-GAAP Measures1:\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n\n\n$\n\n\n\n\n\n\n28.0\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n19.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n43.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n41.9\n\n\n\n\n\n\n\n\nAdjusted Net Income\n\n\n\n\n\n\n$\n\n\n\n\n\n\n14.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n17.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n13.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n28.1\n\n\n\n\n\n\n\n\nAdjusted Diluted EPS\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.44\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.53\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.41\n\n\n\n\n\n\n \n...