Welcome to our dedicated page for Blue Bird news (Ticker: BLBD), a resource for investors and traders seeking the latest updates and insights on Blue Bird stock.
Blue Bird Corporation (NASDAQ: BLBD) is widely described in its own communications as the leader in electric and low-emission school buses and as the leading independent designer and manufacturer of school buses. This news page aggregates announcements, press releases and market updates related to Blue Bird’s operations, financial performance and strategic decisions.
Readers can find coverage of quarterly and full-year earnings results, where Blue Bird reports net sales, net income and non-GAAP metrics such as Adjusted EBITDA and Adjusted Net Income. These releases often discuss bus unit bookings, product mix, pricing actions and the impact of tariffs, as well as the company’s financial guidance and long-term outlook. Investors can also follow updates on capital allocation, including the Board-authorized share repurchase program of up to $100 million disclosed in an 8-K filing.
Beyond financial results, Blue Bird news highlights clean transportation projects with school districts and contractors. Recent releases describe deliveries of electric school buses to a large district in Arkansas and propane-powered buses to districts in North Carolina and Wisconsin. These stories illustrate how districts are adopting Blue Bird’s propane and electric buses to reduce emissions and operating costs.
The news flow also covers dealer network developments, such as the opening of new sales, parts and service centers by authorized dealers, and community engagement through the Blue Bird School Bus Foundation, which supports nonprofits focused on children’s education, health and safety in Georgia. Governance and leadership updates, including board changes and executive designations disclosed in SEC filings, appear in related announcements.
For investors, analysts and industry observers, this page offers a centralized view of Blue Bird’s latest public communications, from earnings releases and guidance updates to clean energy bus deployments and philanthropic initiatives.
Blue Bird Corporation (NASDAQ: BLBD) reported net sales of $801 million for FY2022, a 17.1% increase YoY. However, the company faced a GAAP net loss of $46 million and an Adjusted EBITDA loss of (15 million). The fourth quarter saw sales reach $257.7 million, a 34.1% increase from the previous year, with 6,822 buses sold. The backlog stands at over $600 million, with more than 5,000 units ordered. The company projects FY2023 revenues between $900-1,000 million with an Adjusted EBITDA of $35-45 million.
Blue Bird Corporation (NASDAQ: BLBD) has announced a partnership with Highland Electric Fleets to facilitate the acquisition of 12 electric school buses by Hardin County Community Unit School District #1 in Illinois. The initiative is partially funded by a
Blue Bird Corporation (NASDAQ: BLBD) has announced a sixth amendment to its credit facility, extending the maturity date to December 31, 2024. The amendment includes revised covenants, changes to the revolving credit facility, and a new pricing grid. CFO Razvan Radulescu highlighted expected improved financial performance, projecting annualized run-rates of $50M for Q2-Q3 and $60M for Q2-Q4 in 2023, while CEO Matthew Stevenson noted operational progress despite supply chain challenges. Further details will be shared during the earnings call on December 12.
Blue Bird Corporation (NASDAQ: BLBD) will announce its fiscal 2022 Q4 and full-year financial results on December 12, 2022, at 4:30 PM ET. The public is invited to an audio webcast featuring CEO Matthew Stevenson and CFO Razvan Radulescu discussing the outcomes. A supportive slide presentation will be available. Investors can access the webcast details on the Blue Bird Investor Relations website, with a replay available two hours post-call. Blue Bird has pioneered low- and zero-emission school buses since 1927, operating over 20,000 cleaner-energy buses.
The U.S. Environmental Protection Agency (EPA) has announced funding for over 2,400 clean school buses, with 95% being electric. This initiative prioritizes low-income, rural, and Tribal communities, enhancing access to sustainable transportation. Blue Bird Corporation (NASDAQ: BLBD), a leader in electric school buses, supports this initiative and aims to expand production to 20 electric buses daily by the end of 2023. The funding is part of a $5 billion program aimed at replacing diesel buses and establishing necessary infrastructure, supporting approximately 2,000 jobs.
Nuvve Holding Corp (Nasdaq: NVVE) and Blue Bird Corporation (Nasdaq: BLBD) have launched the largest vehicle-to-grid (V2G) project for electric school buses in Ramona Unified School District, California. Eight electric school buses, equipped with Nuvve's GIVe™ technology, will sell stored energy back to the grid during peak demand, generating potential savings of up to $7,200 per bus annually through SDG&E's Emergency Load Reduction Program. This initiative supports the transition to zero-emission transportation, bolstered by the Biden-Harris Administration's Clean School Bus Rebate program, which allocates nearly $1 billion for such projects.
Blue Bird Corporation (NASDAQ: BLBD) commends the U.S. EPA's announcement to nearly double funding for clean school buses to $965 million, accelerating the shift from diesel to low-emission buses. The program aims to enhance student and community health by prioritizing low-income, rural, and Tribal areas. With 90% of requested buses being electric, Blue Bird anticipates a surge in demand, ramping up production to 20 electric buses daily by 2023.
Blue Bird Corporation (NASDAQ: BLBD) has delivered its first electric school buses to Chinle Unified School District in Arizona, marking a shift towards zero-emission transportation for the largest school district in the Navajo Nation. The transition is aimed at enhancing student health and reducing operating costs, with electric buses costing an average of
Blue Bird Corporation (NASDAQ: BLBD) announced a fifth amendment to its credit facility, providing covenant relief through December 31, 2022. This amendment waives the minimum consolidated EBITDA and units manufactured covenant for the quarter ending October 1, 2022, due to ongoing supply chain disruptions. Changes also include switching the market interest rate index to the Secured Overnight Financing Rate. CEO Matthew Stevenson highlighted the importance of this support from lending partners amidst operational changes and supply chain volatility.
Blue Bird Corporation (NASDAQ: BLBD) announced its participation in two investor conferences: Cowen’s 15th Annual Global Transportation & Sustainable Mobility Conference on September 7-9 and D.A. Davidson’s 21st Annual Diversified Industrials & Services Conference on September 22-23. These events will facilitate discussions on the company's advancements in electric and low-emission school buses. Blue Bird has established itself as a leader in this sector, operating over 20,000 propane, natural gas, and electric buses.