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Jan 01, 2022
Blue Bird Q1 2022 Earnings Report
Reported first quarter results with focus on margin expansion and EV growth, impacted by supply chain disruptions and inflationary pressures.
Key Takeaways
Blue Bird Corporation reported a challenging first quarter due to supply chain disruptions and inflationary pressures, resulting in a GAAP net loss of $4.1 million. Despite these challenges, the company confirmed its FY2022 guidance and saw strong order backlog.
Net sales were $129.2 million.
GAAP net loss was $4.1 million.
Adjusted EBITDA was $3.6 million.
Order backlog reached a record of 4,800+ units.
Blue Bird
Blue Bird
Forward Guidance
Blue Bird expects a challening first half of fiscal year 2022 due to continued supply constraints and margin pressure, with gradual relief expected beginning in fiscal Q3 and normalized margins in Fiscal Q4 as price increases take effect. The company is maintaining its guidance for fiscal 2022.