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Sep 28, 2024
Blue Bird Q4 2024 Earnings Report
Reported record fiscal year results, beating guidance and raised fiscal year 2025 guidance and long-term outlook.
Key Takeaways
Blue Bird reported a strong Q4 2024 with a 15.6% increase in net sales to $350.2 million and net income of $24.7 million. The company's success was driven by increased bus sales and parts sales, reflecting strong market demand and effective business transformation initiatives. Blue Bird also raised its fiscal year 2025 guidance, indicating continued confidence in sustained profitable growth.
Net sales increased by 15.6% to $350.2 million compared to the same quarter last year.
Net income rose to $24.7 million, an increase of $6.0 million year-over-year.
Adjusted EBITDA was $41.3 million, up by $0.6 million from the previous year.
The company booked 2,466 units, a 16.5% increase from the same period in fiscal 2023.
Blue Bird
Blue Bird
Blue Bird Revenue by Segment
Revenue by Segment
Bus Sales Revenue
CapyFin.comParts Sales Revenue
CapyFin.com Forward Guidance
Blue Bird updated its fiscal 2025 full-year guidance for Net Revenue to $1.4 - $1.5 Billion, Adjusted EBITDA to $190-210 million (13.6% - 14.0% margin) and Adjusted Free Cash Flow to $40-60 million.
Positive Outlook
- Net Revenue to $1.4 - $1.5 Billion
- Adj. EBITDA to $190-210 million
- Adj. EBITDA margin of 13.6% - 14.0%
- Adj. Free Cash Flow to $40-60 million
- Long-term profit outlook towards an Adjusted EBITDA margin of 15%+ on ~$2 billion in Revenue.
Challenges Ahead
- Includes ~$50 million of extraordinary CAPEX related to expansion of our manufacturing footprint.
- Economic conditions (including tariffs) that could affect fuel costs, commodity costs, industry size and financial conditions of our dealers and suppliers
- Labor or other constraints on the Company’s ability to maintain a competitive cost structure
- Volatility in the tax base and other funding sources that support the purchase of buses by our end customers
- Lower or higher than anticipated market acceptance for our products
Revenue & Expenses
Visualization of income flow from segment revenue to net income