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 (BLBD) maintains industry leadership in school bus manufacturing through continuous innovation in safety-focused engineering. This page serves as the definitive source for official company announcements, financial updates, and operational developments.
Investors and industry professionals will find curated press releases covering earnings reports, product launches, strategic partnerships, and regulatory filings. Our aggregation ensures efficient tracking of BLBD’s initiatives across its core segments: bus production, parts distribution, and financial services.
Key updates include advancements in electric vehicle technology, fleet maintenance solutions, and international market expansions. Bookmark this resource for real-time insights into how Blue Bird’s 95-year legacy informs its response to evolving transportation demands.
Nuvve Holding Corp. and Colorado/West Equipment announced the deployment of Colorado's first vehicle-to-grid (V2G) electric school bus in Durango School District 9-R. Supported by a Volkswagen Diesel Emissions Settlement grant of $68.7 million, the project integrates Nuvve's V2G technology with Blue Bird's electric buses, allowing bidirectional charging. The bus, operating on a 75-mile daily route, will provide energy to the grid at peak hours and charge overnight. This initiative aims to lower costs and support the transition to cleaner energy for schools and local communities.
Blue Bird Corporation (Nasdaq: BLBD) reported its fiscal 2021 results, with net sales of $684 million, down 22.2% from the previous year. The GAAP net income was $(0.3) million, a decrease of $12.5 million. The firm order backlog exceeds 4,200 units, including 260 electric buses. Adjusted EBITDA stands at $34.1 million, a drop of $20.6 million. Supply chain disruptions delayed over 2,000 bookings to FY2022, leading to projected FY2022 revenue guidance of $750-$850 million. A $75 million investment from Coliseum Capital Management will support EV expansion.
Blue Bird Corporation (NASDAQ: BLBD) has successfully completed a $75 million securities purchase agreement with Coliseum Capital Management, issuing shares at $16.00 each. This capital will be directed towards enhancing their electric vehicle (EV) strategy, particularly following new legislation allocating $5 billion for clean school buses. Coliseum now owns 15% of Blue Bird and has placed a representative on the board. The funds will help with working capital, pay down debt, and invest in technology, aiming to bolster Blue Bird's leadership in the alternative-power bus market.
Blue Bird Corporation (Nasdaq: BLBD) will announce its fiscal 2021 fourth quarter and full year financial results on
Blue Bird Corporation (NASDAQ: BLBD) announced a fourth amendment to its credit facility, effective through the fiscal second quarter of 2023. The amendment provides covenant relief by replacing the net leverage ratio with a minimum EBITDA covenant, increasing the leverage ratio from 3.50:1 to 4.00:1 for the first two quarters of fiscal 2023. It also introduces a new pricing grid based on the net debt to EBITDA ratio and allows for an additional $10 million of revolver availability. CEO Matthew Stevenson emphasized the importance of this amendment for operational flexibility during the pandemic.
Blue Bird Corporation (NASDAQ: BLBD) has filed a universal shelf registration statement on Form S-3 with the SEC, allowing it to raise up to $200 million through various securities. This initiative is described as a prudent approach to capital management, enabling the company to capitalize on growth opportunities from the Bipartisan Infrastructure Deal and the evolving electric vehicle market. The shelf registration will remain in effect for three years once declared effective, providing flexibility for future offerings.
Blue Bird is optimistic about the inclusion of student transportation in the recently approved Bipartisan Infrastructure Deal. With over 20,000 clean fuel buses, the company aims to enhance emissions-reducing school transportation across the U.S. The $5 billion investment in electric bus production is expected to modernize school fleets and decrease maintenance costs, potentially saving districts over $6,000 annually.
Blue Bird has pioneered electric buses for over 25 years and sees increased demand for alternative-powered vehicles as a positive outcome of this legislation.
Nuvve Holding Corp. (Nasdaq: NVVE) announced plans to install 200 V2G DC fast charging stations at Blue Bird Corporation's (Nasdaq: BLBD) facility in Fort Valley, Georgia. This innovative hub will optimize electric bus utilization and enable them to function as energy storage assets. By utilizing Nuvve's V2G technology, buses will charge and discharge energy, enhancing battery health and reducing utility costs. The hub aims to aggregate power from multiple buses, creating a virtual power plant with a capacity of 25 MW, potentially supplying power to over 10,000 homes during peak demand.
Blue Bird Corporation (NASDAQ: BLBD) announced the appointment of Razvan Radulescu as its new Chief Financial Officer (CFO), effective October 1, 2021. Razvan brings over 20 years of experience from Daimler Trucks, having held significant roles in Finance, Procurement, and Compliance. He succeeds Phil Tighe, the interim CFO, who will assist in the transition until year-end. Blue Bird, a leading school bus manufacturer, emphasizes innovation and safety in its products, maintaining a robust position in the market with over 570,000 buses sold since 1927.
Blue Bird Corporation (Nasdaq: BLBD) reported third quarter fiscal 2021 results, with net income of $4.3 million, up $3 million YoY. Revenue reached $196.7 million, marking a 4% increase from last year. Adjusted EBITDA improved to $13.2 million, a $0.7 million rise. However, supply chain disruptions led to 550 fewer bookings and a decline in year-to-date net sales by $106 million, down 17.7%. Despite challenges, the order backlog remains robust at over 4,000 buses, indicating strong market demand for traditional and electric school buses.
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