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Blue Bird Corporation reports developments in school bus manufacturing, clean-power bus deployments, operating results and corporate governance. The company designs, engineers, manufactures and sells school buses, including electric, propane, natural gas and conventional models, and also sells replacement bus parts and extended warranties.
Recurring news for Blue Bird includes school district fleet deliveries, Type C electric buses, Blue Bird Vision propane buses, charging-infrastructure partnerships, product safety features, quarterly and annual earnings releases, leadership and engineering appointments, acquisition integration, equity and governance matters, and capital-structure updates tied to its public-company reporting.
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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