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MACON, Ga. - Blue Bird Corporation (NASDAQ:BLBD), a leading manufacturer of school buses, reported better-than-expected second quarter results and reaffirmed its full-year guidance on Wednesday.
The company posted adjusted earnings per share of $0.96, beating analyst estimates by $0.01. Revenue came in at $358.9 million, surpassing the consensus forecast of $355.19 million and representing a 3.7% increase from $345.9 million in the same quarter last year.
Blue Bird sold 2,295 buses during the quarter, up 1.8% year-over-year. The company noted strong demand, with approximately 4,900 units in its order backlog at the end of Q2.
"I am incredibly proud of our team in delivering another outstanding result, achieving a new all-time quarterly record revenue and profit," said John Wyskiel, President & CEO of Blue Bird Corporation.
The company maintained its full-year 2025 guidance, expecting revenue between $1.4-1.5 billion and adjusted EBITDA of $200 million with a 14% margin. This outlook aligns with analyst expectations of $1.44 billion in revenue for the fiscal year.
Blue Bird highlighted its progress in alternative-powered buses, delivering a record 265 electric-powered buses in Q2. The company has over 1,100 EV buses either sold or in its firm order backlog.
"Based on our strong Q2 performance, we’ve maintained our full-year financial guidance for Adjusted EBITDA at $200 million, with a 14% margin. This will be an all-time full-year record for Blue Bird," added Razvan Radulescu, CFO of Blue Bird Corporation.
The company ended the quarter with $130.7 million in cash and cash equivalents.
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