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Jul 01, 2023
Blue Bird Q3 2023 Earnings Report
Turnaround completed, guidance beat and fiscal year 2023 third quarter results were reported.
Key Takeaways
Blue Bird reported strong Q3 2023 results, with a 43% increase in net sales to $294.3 million and a net income of $9.4 million, a $15.8 million increase. Adjusted EBITDA increased by $19.2 million to $28.0 million, driven by higher unit sales and pricing actions. The company raised its full-year financial guidance and anticipates sustained profitable growth.
Net sales increased by 43% to $294.3 million.
GAAP net income increased by $15.8 million to $9.4 million.
Adjusted EBITDA increased by $19.2 million to $28.0 million.
EV bookings were up nearly 150% from last year’s third quarter
Revenue by Segment
Forward Guidance
Blue Bird raised full year fiscal 2023 guidance to Net Revenue of just over $1.1 Billion, Adj. EBITDA of $70-76 million and Adj. Free Cash Flow of $70-80 million. Additionally, the company reconfirmed long-term outlook of profitable growth towards $2 billion in revenues and Adjusted EBITDA margins of 12%, or $250 million.
Positive Outlook
- Net Revenue of just over $1.1 Billion
- Adj. EBITDA of $70-76 million
- Adj. Free Cash Flow of $70-80 million
- Profitable growth towards $2 billion in revenues
- Adjusted EBITDA margins of 12%, or $250 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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