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 (Nasdaq: BLBD), a leader in electric and low-emission school buses, announced major safety upgrades to its buses. Starting fall 2024, all new Blue Bird buses will feature three-point seat belts and 4Front driver airbags as standard. Other safety enhancements include high-intensity LED lighting, high-resolution cameras, lighted stop arms, and collision mitigation systems. Partnering with IMMI for these advancements, Blue Bird aims to enhance safety for school children and drivers. This initiative marks the most comprehensive safety upgrade in the company's history.
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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