Blue Bird reports Q4 adjusted EPS 77c, consensus 65c

Reports Q4 revenue $350.2M, two estimates $343.95M. “I am incredibly proud of our team’s outstanding achievement in delivering a record profit in fiscal 2024, more than double last year’s then-record result,” said Phil Horlock, President & CEO of Blue Bird (BLBD) Corporation. “The Blue Bird team continues to exceed expectations, by improving productivity and throughout, driving new orders, and expanding our leadership in alternative-powered buses. Market demand for Blue Bird buses remains very strong with a 16 percent increase in orders over last year and more than 4,800 units in our order backlog. Unit sales were up 6% from last year, revenue grew by 19% to $1.35 billion, and Adjusted EBITDA hit a record $183 million with a 13.6% margin. That’s an outstanding 6 percentage point growth in margin from just a year ago.”