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Blue Bird Reports Fiscal 2021 Second Quarter Results; Focused on Margin Expansion, EV Growth and Industry Recovery; Fiscal 2021 Guidance Reaffirmed

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Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leading independent designer and manufacturer of school buses, announced today its fiscal 2021 second quarter results. GAAP net loss for the quarter of $0.6 million was equal to the comparable FY2020 fiscal period. Adjusted EBITDA for the quarter was $7.5 million, $4.7 million below last year, reflecting 1,105 lower unit sales resulting from the pandemic impact on schools.

Highlights

(in millions except Unit Sales and EPS data)

Three Months Ended

April 3, 2021

 

B/(W)

2020

 

Six Months Ended

April 3, 2021

 

B/(W)

2020

Unit Sales

1,489

 

 

(1,105)

 

 

2,744

 

 

(1,310)

 

GAAP Measures:

 

 

 

 

 

 

 

Revenue

$

164.7

 

 

$

Blue Bird Corporation

NASDAQ:BLBD

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Heavy Duty Truck Manufacturing
Manufacturing
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United States of America
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About BLBD

about us blue bird offers a complete line of type a, c and d school buses in a variety of options and configurations. since 1927, blue bird corporation has continued to set industry standards with its innovative design and manufacturing capabilities. additionally, blue bird provides comprehensive financial solutions through blue bird capital services. today, blue bird has more than 1,600 employees, georgia-based manufacturing facilities and an extensive network of dealers and parts & service facilities throughout north america. its global presence can be seen in more than 60 countries through sales into africa, asia, the caribbean, latin america, europe and the middle east. our promise we are singularly focused on building and selling school buses that customers want and value. the safety of schoolchildren is at the center of all that we do and we will strive every day, just as we have since our beginning in 1927, to provide an unparalleled and affordable product in terms of safety, qu