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Blue Bird Corp (BLBD)
NASDAQ:BLBD
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.79Last Year’s EPS
$0.91Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 25, 2024
|% Change Since: -8.08%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with Blue Bird achieving record financial performance, strong market demand, and increased production capacity. The company is navigating supply chain challenges and EV infrastructure delays but remains optimistic about future growth.Company Guidance
During Blue Bird's Fiscal 2024 Fourth Quarter and Full Year Earnings Conference Call, significant guidance and impressive metrics were shared, highlighting a record-breaking year for the company. Blue Bird achieved an adjusted EBITDA margin of 13.6%, with a full-year adjusted EBITDA of $183 million, more than doubling the previous year's figure. The company also reported a substantial increase in net orders, with a 16% rise from the prior year, and an average bus selling price increase of 14%. The firm order backlog at fiscal year-end stood at over 4,800 units, 6% higher than the previous year. Blue Bird's leadership in the alternative power bus market was underscored by a 30% increase in electric bus sales, totaling over 700 units, reflecting continued strong demand. Additionally, Blue Bird plans to invest in a major production expansion, backed by an $80 million grant from the Department of Energy, aiming to significantly increase production capacity and create up to 400 new jobs by 2027. Looking ahead, the company's fiscal 2025 guidance indicates continued growth, with a projected adjusted EBITDA increase to $200 million and a focus on capitalizing on strong market demand and improving supply chain conditions.Record-Breaking Financial Performance
Blue Bird achieved record financial results in fiscal 2024, doubling its prior record profit from 2023. The company delivered a noteworthy adjusted EBITDA margin of 13.6%, which is a 6 percentage point increase from the previous year.
Strong Market Demand and Backlog
The backlog for Blue Bird school buses at the fiscal year end was over 4,800 units, representing a 6% increase from the same time last year. Net orders for Blue Bird buses in fiscal 2024 were 16% higher than the previous year.
Increased EV Production and Leadership
Blue Bird produced and delivered more than 700 electric buses, nearly 30% more than the previous year, supported by the first round of $1 billion funding from the EPA's Clean School Bus Program.
Expansion and Investment Initiatives
An $80 million investment grant from the Department of Energy will facilitate the expansion of production capacity, creating up to 400 new jobs.
Guidance Increase for Fiscal 2025
Blue Bird increased its fiscal 2025 guidance for adjusted EBITDA to $200 million, indicating a positive outlook with continued profitability and growth.
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BLBD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | $42.83 | $40.69 | -5.00% |
| Aug 07, 2024 | $48.45 | $48.58 | +0.27% |
| May 08, 2024 | $37.54 | $46.72 | +24.45% |
| Feb 07, 2024 | $31.25 | $30.33 | -2.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blue Bird Corp (BLBD) report earnings?
Blue Bird Corp (BLBD) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Blue Bird Corp (BLBD) earnings time?
Blue Bird Corp (BLBD) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLBD EPS forecast?
BLBD EPS forecast for the fiscal quarter 2025 (Q1) is $0.79.
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