Blue Bird Corp (BLBD) SEC Filings

Blue Bird Corp (BLBD) has a notice under Rule 144 that officer Jeffrey Scott Sanfrey may sell common stock. The filing indicates a proposed sale of 4,000 shares of Blue Bird common stock, with an aggregate market value of $249,600, on or about September 16, 2026 through Muriel Siebert & Co., Inc. on NASDAQ. Sanfrey previously acquired 22,476 shares on July 1, 2025 via RSU vesting from the issuer.

Blue Bird Corp (BLBD) reports that institutional investor FMR LLC has filed Amendment No. 7 to a Schedule 13G stating beneficial ownership of 3,218,919.01 shares of common stock, representing 10.2% of the class as of August 31, 2026. FMR LLC reports sole dispositive power over these shares and sole voting power over 3,216,777 shares. Abigail P. Johnson is also listed as a reporting person with sole dispositive power over the same 3,218,919.01 shares and a 10.2% beneficial ownership stake. One or more other persons may receive dividends or sale proceeds from these shares, but no single other person has more than 5% of the total outstanding common stock.

Blue Bird Corp director Daniel Mark Thau purchased 350 shares of common stock on August 12, 2026. The shares were bought at a price of $64.37 per share, increasing his direct holdings to 9,046 shares of Blue Bird Corp common stock following this open-market transaction.

FMR LLC and Abigail P. Johnson report beneficial ownership of common stock of Blue Bird Corp. As of 06/30/2026, FMR LLC beneficially owned 3,017,352.69 shares of common stock, representing 9.5% of the class. FMR LLC had sole voting power over 3,015,209 shares and sole dispositive power over 3,017,352.69 shares, with no shared voting or dispositive power.

Abigail P. Johnson is reported with sole dispositive power over the same 3,017,352.69 shares and no voting power, reflecting her control position related to FMR LLC and its subsidiaries. One or more other persons have rights to receive dividends or sale proceeds from these shares, but no such person has an interest exceeding 5% of Blue Bird’s outstanding common stock. The report is filed as Amendment No. 6 to a Schedule 13G by a parent holding company and control person structure, with subsidiary details referenced in Exhibit 99.

Blue Bird Corporation reported sharply higher profitability for the quarter ended June 27, 2026, with net sales of 517,160 (in thousands of dollars) versus 398,011 a year earlier and net income of 185,255 (in thousands) compared with 36,455. Basic EPS rose to 5.41 from 1.16, helped by a 160.5 million non-taxable gain from remeasuring its prior 50% stake in Micro Bird after acquiring the remaining interest.

The April 1, 2026 Micro Bird transaction involved total consideration of 417,363 (in thousands), added 245,277 (in thousands) of goodwill, and expanded total assets to 1,166,520 (in thousands). Operating cash flow for the nine-month period was 115,377 (in thousands), with cash of 116,824 (in thousands) and no borrowings on the revolving credit facility at quarter-end.

Management reports a school bus backlog of about 3,570 Type C and D units and 1,290 Type A and commercial units, including almost 780 electric buses. A subsequent agreement to acquire assets of Detroit Chassis and a Master Collaboration Agreement with Ford target next-generation stripped chassis production beginning in 2028, with management describing a potential market of roughly 10,000 units and 600 million of annual revenue.

Blue Bird Corporation reported strong fiscal 2026 third-quarter results, with net sales of $517.2 million, up 29.9% from $398.0 million, and GAAP net income of $185.3 million versus $36.5 million. Diluted EPS rose to $5.27, while Adjusted EBITDA reached $71.4 million with a 13.8% margin and 3,525 buses sold. For the nine months ended June 27, 2026, net sales were $1,202.9 million, GAAP net income $245.3 million, and Adjusted EBITDA $172.3 million. Results include significant contributions from the Micro Bird acquisition and a $160.5 million gain from remeasuring the previously held equity interest, partially offset by a $19.6 million pension settlement loss.

The company delivered 355 electric buses in the quarter and ended with a firm order backlog of more than 770 EV buses. Management raised full-year 2026 guidance to approximately $1.75 billion in net revenue and $247 million Adjusted EBITDA, and outlined a long-term outlook targeting 2030+ Adjusted EBITDA of $500+ million on $3.3 billion in revenue. Blue Bird also announced a major collaboration with Ford Motor Company to design, manufacture and sell next-generation F53/59 stripped chassis and plans to purchase assets of Detroit Chassis LLC’s Detroit plant. Operating cash flow for the first nine months was $115.4 million, with cash and equivalents at $116.8 million and stockholders’ equity at $654.9 million as of June 27, 2026.

Blue Bird Corporation entered into an Asset Purchase Agreement to acquire certain F-53/F-59-related assets of Detroit Chassis LLC for a $7,000,000 purchase price plus assumed contract liabilities. Blue Bird owes $700,000 at signing and will pay $6,300,000 at closing, reduced by any debt secured by the acquired assets. The assets include equipment, tooling, inventory, leased real property rights, intellectual property, contracts, permits, and goodwill. Closing is anticipated in the first quarter of 2027, about 30 days after Ford ceases current F-53/F-59 chassis production, with Blue Bird prioritizing the existing Detroit facility and UAW workforce.

Blue Bird’s subsidiary also entered into a Master Collaboration Agreement with Ford, effective July 31, 2026, under which Blue Bird will design, manufacture, and sell the next-generation F-53/F-59 stripped chassis using Ford powertrains. New production is anticipated to begin in the first half of 2028, with prototype launch targeted for January 1, 2028. Ford will supply proprietary powertrains, provide transition support, transfer F-5X tooling and equipment, and grant a multi-year powertrain exclusivity period in this market. Management believes this market could reach approximately 10,000 units and about $600 million or more in annual revenue, and a company presentation outlines about $90 million of 2027 investment (~$40 million OpEx, ~$50 million CapEx) targeting 10,000+ units, $600+ million revenue, and around a 12% adjusted EBITDA margin by 2030.

Blue Bird Corp director Daniel Mark Thau purchased additional shares of the company’s stock. On May 19, 2026, he made an open-market purchase of 300 shares of common stock at a weighted average price of $65.09 per share.

After this transaction, Thau directly owns 8,696 shares of Blue Bird Corp common stock. The filing notes that the purchase price reflects several trades that day, with individual prices ranging from $65.05 to $65.11 per share.

Blue Bird Corporation is terminating a frozen defined benefit pension plan through a combination of lump-sum payouts and a pension risk transfer to Pacific Life. The plan paid approximately $13 million of liabilities in April 2026 via voluntary lump-sum distributions to certain participants.

It then agreed to purchase group annuity contracts from Pacific Life to transfer pension obligations and administration for 2,044 participants, settling about $94 million of remaining plan liabilities as of the end of April 2026. All payments are funded entirely by existing plan assets, with no additional company contributions.

Closing is expected on May 19, 2026, with Pacific Life assuming payment responsibilities as of August 1, 2026. Blue Bird expects a material non-cash pension settlement charge in its third fiscal quarter ending June 27, 2026, after which the plan will be terminated.