Blue Bird Stock Price, News & Analysis

Blue Bird Corporation has delivered Colorado's first electric school bus to Boulder Valley School District on March 4th. This initiative, supported by an ALT Fuels Colorado grant, highlights the district's commitment to student health and environmental sustainability. The electric bus features reduced maintenance needs and offers significant savings on fuel and upkeep. Blue Bird aims to increase the number of electric buses from 400 to over 1,000 next year, asserting its leadership in the electric school bus market.

Blue Bird Corporation has surpassed 400 electric-powered school buses delivered or on order, highlighting strong momentum in sales. The company achieved a near three-fold growth in electric bus sales last year, bolstered by a growing commitment to zero-emissions transportation. Currently, Blue Bird offers all three school-bus body configurations in electric models, servicing over 7,000 active customers. The company anticipates its electric bus numbers will exceed 1,000 next year, aligning with federal climate initiatives.

Blue Bird Corporation (Nasdaq: BLBD) reported a GAAP net loss of $1.6 million for Q1 FY2021, a decrease of $1.2 million compared to the previous year. Revenue fell to $130.4 million, down 14.9% year-over-year, with unit sales declining by 205 to 1,255. Adjusted EBITDA was $5.8 million, down $2.2 million from last year. Despite challenges from the pandemic, Blue Bird saw a 24% increase in bookings and an impressive 46% in alternative-powered bus sales. The company reaffirmed its revenue guidance of $750M-$975M for FY2021, with adjusted EBITDA expectations of $40M-$65M.

Blue Bird Corporation (Nasdaq: BLBD) will release its fiscal 2021 first quarter financial results on February 10, 2021. Join executives Phil Horlock and Jeff Taylor for an audio webcast at 4:30PM ET that day to discuss the results. A presentation will support the discussion, accessible via the Investor Relations section of Blue Bird's website. Established in 1927, Blue Bird has sold over 550,000 school buses, maintaining its status as a leader in school bus innovation, safety, and alternative fuel applications.

Blue Bird Corporation (Nasdaq: BLBD) reported its fiscal 2020 fourth quarter and full-year results, showing a net income of $11.9 million for Q4, a slight increase from the prior year, while annual net income dropped to $12.2 million, down $12.1 million from FY2019. Revenue for Q4 decreased 18.1% to $281.4 million, with total annual revenue at $879.2 million, down 13.7%. Despite COVID-19 impacts, bus pricing improved by 7%, and alternative-fuel bus sales remained strong. The company aims for 2021 revenues between $750 million and $975 million.

Blue Bird Corporation (NASDAQ: BLBD) announced a third amendment to its credit facility, granting covenant relief through Q2 2022. The amendment replaces the net leverage ratio with a minimum EBITDA covenant and introduces a monthly liquidity test, allowing a higher net leverage ratio for early FY2022. However, it entails increased borrowing costs and reduced availability on revolving commitments. CEO Phil Horlock expressed satisfaction with the amendment, emphasizing financial flexibility during the Covid-19 pandemic, aimed at future revenue growth.

Blue Bird has successfully positioned itself as the leading manufacturer of electric school buses in the U.S., with over 300 electric units either delivered or on order as of November 2020. The company’s electric buses, which produce zero emissions, cater to a growing demand for environmentally friendly transportation solutions in schools. Recent upgrades are set to enhance battery insulation for improved charging efficiency, even in colder climates. Despite pandemic challenges, Blue Bird remains committed to meeting customer delivery timelines.

Blue Bird Corporation (Nasdaq: BLBD) will release its fiscal 2020 fourth quarter and full year financial results on December 16, 2020. The company invites the public to join an audio webcast at 4:30 PM ET on the same day, featuring insights from President and CEO Phil Horlock and CFO Jeff Taylor. The webcast will be accessible on Blue Bird's Investor Relations website. Blue Bird is a leading independent designer and manufacturer of school buses, recognized for its focus on innovation and safety, with a strong market position in alternative fuel applications.

Blue Bird Corporation (NASDAQ: BLBD) reports a significant surge in demand for its 100% electric school buses since their introduction in 2018. While most sales are concentrated in California, interest is growing nationwide. The company emphasizes its unique position as the only manufacturer producing all bus types in electric, enabling school districts to transition to zero emissions gradually. Over 50% of their production now features alternatives to diesel. Additionally, their electric buses boast vehicle to grid (V2G) capability, offering economic and environmental benefits.