Blue Bird Stock Price, News & Analysis

Blue Bird (Nasdaq: BLBD), a leader in electric and low-emission school buses, has appointed John Wyskiel as President and CEO, effective February 17, 2025. Wyskiel will also join the Board of Directors on the same date.

Wyskiel, an automotive industry veteran with over 35 years of experience, succeeds Phil Horlock, who served as President and CEO from 2011 to 2021 and was reappointed in May 2023. Horlock will remain on the Board to support the transition.

Wyskiel's background includes roles at Magna International, where he was President of Magna Seating, leading a $6 billion business with 33,000 employees across 60+ facilities in 15 countries. He also held senior roles at Magna’s Body & Structures business, Dana , and Borg Warner.

Doug Grimm, Chairman of Blue Bird, commended Horlock for his contributions and emphasized Wyskiel's expertise in operational excellence and manufacturing leadership. Grimm highlighted the company's current profitability, margins, and liquidity at record levels, making this an opportune time for the leadership transition.

Blue Bird (Nasdaq: BLBD), a leader in electric and cleaner-emission school buses, has announced it will release its fiscal 2025 first quarter results on February 5, 2025. The company will host an audio webcast and conference call at 4:30 PM ET on the same day.

President and CEO Phil Horlock and CFO Razvan Radulescu will lead the discussion of the results. The presentation will include supporting slides and will be accessible through the Investor Relations section of Blue Bird's website. A replay will be available approximately two hours after the call concludes.

Wilkes County Schools (WCS) has become Georgia's first school district to operate all 25 daily bus routes with zero- and ultra-low-emission vehicles. Blue Bird (BLBD) delivered 5 electric and 12 propane-powered buses to complete this transition. The electric buses can travel up to 130 miles per charge, while propane buses can cover 250 miles per tank.

The district received a $2,335,000 EPA grant through the Clean School Bus Rebate Program. The switch is expected to generate significant cost savings, with electric buses costing 19 cents per mile in energy costs compared to 79 cents for diesel. The district's 22 propane buses could save over $1.2 million over 15 years, with per-bus annual savings of up to $3,700 compared to diesel.

Blue Bird 's joint venture Micro Bird is expanding manufacturing operations to Plattsburgh, New York, after purchasing the Nova Bus facility. Production is set to begin in mid-2025, with plans to create over 350 full-time jobs. The expansion will double Micro Bird's production capacity for school buses, activity buses, multi-purpose vehicles, and commercial buses. The project receives support from Empire State Development, including $10 million in tax credits and a $2.5 million capital grant. Site preparation and hiring will commence in January 2025, with production starting in summer 2025.

Blue Bird (NASDAQ: BLBD) reported record fiscal 2024 results with net sales of $1.35 billion, up 19% year-over-year, and GAAP net income of $106 million, an increase of $82 million. The company achieved record Adjusted EBITDA of $183 million, up $95 million, with 9,000 buses sold. Electric bus deliveries grew by nearly 30% to over 700 units. The company raised its FY2025 guidance, projecting net revenue of $1.4-1.5 billion and Adjusted EBITDA of $190-210 million. Blue Bird also updated its long-term outlook, targeting an Adjusted EBITDA margin of 15%+ on ~$2 billion in revenue.

Blue Bird (Nasdaq: BLBD), a leader in electric and cleaner-emission school buses, announced it will release its fiscal 2024 fourth quarter and full year financial results on November 25, 2024. The company will host an audio webcast at 4:30PM ET on the same day, featuring CEO Phil Horlock and CFO Razvan Radulescu discussing the results. A slide presentation will accompany the webcast, which will be accessible through Blue Bird's Investor Relations website. A replay will be available approximately two hours after the call.

Blue Bird (Nasdaq: BLBD) has appointed Edward T. Hightower to its Board of Directors as a Class I Director. Hightower brings over 35 years of executive leadership experience, notably serving as CEO of Lordstown Motors Corp. from 2021 to 2024, where he led the company's operational turnaround and launched the Endurance electric pickup truck. He previously held senior roles at Ford, BMW, and General Motors, and is currently founder and managing director of Motoring Ventures Blue Bird, the only U.S.-owned school bus manufacturer, leads in zero-emission student transportation with over 2,000 electric buses in operation, covering more than five million miles.

Blue Bird (Nasdaq: BLBD) reported preliminary unaudited results for fiscal 2024, showing significant growth across key metrics. The company sold 9,000 buses, a 6% increase from the previous year, reaching the top end of guidance. Net sales revenue hit a record $1.35B, up 19% year-over-year and exceeding guidance. Electric vehicle sales reached a record 704 buses, marking a 29% increase. The company's total backlog stands at over 4,800 units, valued at approximately $735M, up 10% from last year. The EV backlog grew to nearly 630 buses, worth about $200M, driven by EPA's Clean School Bus program orders.

Blue Bird (Nasdaq: BLBD) has delivered 38 propane-powered Vision school buses to the School District of Philadelphia (SDP), Pennsylvania's largest school district. These Type C buses can transport 42 students up to 300 miles per propane tank and emit 96% fewer harmful emissions than diesel buses. The fleet could save SDP over $2.1 million in 15 years through reduced fuel and maintenance costs, averaging $3,700 per bus annually. Blue Bird, the only U.S. manufacturer offering propane buses, has deployed over 20,000 such vehicles since 2012, serving 1.3 million students across 1,100 school districts nationwide.