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Apr 04, 2020
Blue Bird Q2 2020 Earnings Report
Blue Bird's Q2 2020 results reflected a strong performance with increased net sales and adjusted EBITDA.
Key Takeaways
Blue Bird Corporation announced its fiscal 2020 second quarter results, featuring a 21% increase in net sales to $255.4 million and an adjusted EBITDA of $12.7 million, up $0.5 million year-over-year. The company's GAAP net loss was $0.6 million, equal to the prior year, and diluted EPS improved by 1 cent to a loss of 2 cents. Due to the uncertainty of the COVID-19 impact, Blue Bird has withdrawn its fiscal year 2020 guidance.
Net sales increased by $43.8 million to $255.4 million, a 21% increase year-over-year.
GAAP net loss was $0.6 million, equal to the second quarter of FY2019.
Adjusted EBITDA was $12.7 million, an increase of $0.5 million over the prior year.
Company withdrew FY2020 guidance due to COVID-19 uncertainty.
Blue Bird
Blue Bird
Forward Guidance
Due to the impact of COVID-19 on the rate of order intake and uncertainty about the economic outlook, as well as the timing of bus-purchase decisions, Blue Bird withdrew its fiscal 2020 full-year guidance.