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.
Blue Bird (Nasdaq: BLBD), a leading manufacturer of electric and low-emission school buses, announced the ratification of a three-year collective bargaining agreement (CBA) with the United Steelworkers (USW) union. The agreement, which was overwhelmingly approved, covers over 1,500 production workers at Blue Bird’s Fort Valley, Georgia facility. This CBA aims to provide well-paying jobs, competitive benefits, and career growth opportunities, strengthening Blue Bird's position as an employer of choice. CEO Phil Horlock expressed confidence in the agreement's positive outcomes for both employees and the company, aiming to bolster their high-performance culture and growth plans while maintaining their commitment to North American customers. Blue Bird is notable for being the only U.S.-owned school bus manufacturer and the leading builder of electric school buses in North America, with over 1,500 zero-emission buses currently in operation.
Blue Bird (Nasdaq: BLBD), a leader in electric and low-emission school buses, will debut an electric-powered step van at the 2024 Advanced Clean Transportation (ACT) Expo from May 20-23, 2024, in Las Vegas. Partnering with Xos (Nasdaq: XOS) and Morgan Olson, Blue Bird aims to expand its zero-emission solutions to the commercial vehicle market. The step van features a 140kWh Lithium-ion battery offering a range of up to 130 miles and various safety features such as 'hill hold' and 'electric creep.' Blue Bird's stripped chassis provides a 55-degree wheel cut for better maneuverability in urban settings. The company anticipates commercial availability of the stripped chassis by late 2024.
Blue Bird (Nasdaq: BLBD), the leader in electric and low-emission school buses, has announced three strategic leadership appointments, effective June 1, 2024. Tim Gordon has been promoted to Senior Vice President of Sales and Marketing. Albert Burleigh has been appointed Vice President of North America Bus Sales, and Jenna Van Harpen has been promoted to Vice President of National Fleet Sales. These appointments aim to further strengthen Blue Bird's customer-centric approach, dealer relationships, and growth in zero- and low-emissions transportation segments. The new leadership team will focus on driving growth in electric- and propane-powered vehicles and national fleet sales.
Blue Bird reported record results in the fiscal 2024 second quarter, with net sales reaching $346M, up 15% from the previous year. GAAP net income increased to $26M, a $19M rise. Adjusted EBITDA hit $46M, up $25M, with 2,254 buses sold. The FY2024 EBITDA guidance was raised to $155M, aiming for a 12% margin, and the long-term EBITDA margin outlook was raised to 14%+. The company also noted strong demand for electric school buses and anticipates continued growth in this segment. Overall, Blue Bird showed significant growth in revenue and profitability, with a positive outlook for the future.
Blue Bird (BLBD) has extended its exclusive clean school bus collaboration with Ford Component Sales and ROUSH CleanTech to 2030. Blue Bird is the sole school bus manufacturer in the US to offer propane- and gasoline-powered buses meeting stringent emission standards. Ford's 7.3L engine powers Blue Bird's school buses, exceeding emission standards. The partnership has deployed over 40,000 alternative-fuel buses since 2012.
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