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MACON, Ga. - Blue Bird Corporation (NASDAQ:BLBD) shares jumped 3.8% in after-hours trading Monday after the school bus manufacturer reported fourth-quarter results that exceeded analyst expectations, driven by higher sales volumes and improved pricing.
The company posted adjusted earnings of $1.32 per share for its fiscal fourth quarter, significantly beating the analyst consensus of $1.05. Revenue reached $409.4 million, surpassing estimates of $380.37 million and representing a 16.9% increase from $350.2 million in the same period last year.
For the full fiscal year 2025, Blue Bird achieved record revenue of $1.48 billion, up 9.9% YoY.
"I am incredibly proud of our team in delivering another outstanding result, achieving a new all-time record revenue and profit for the quarter and year," said John Wyskiel, President & CEO of Blue Bird Corporation. "The Blue Bird team continued to exceed expectations, improving operations, navigating tariffs, and expanding our leadership in alternative-powered buses."
The company sold 2,517 buses during the quarter, a 2.1% increase from the prior year, while the average sales price per unit rose 16.3%. Blue Bird delivered a record 901 electric-powered buses for the full fiscal year, reinforcing its position in the alternative-powered school bus market.
Adjusted EBITDA for the quarter reached $67.9 million with a 16.6% margin, compared to $41.3 million and 11.8% in the year-ago period. For the full year, adjusted EBITDA was $221.3 million with a 15% margin.
Looking ahead, Blue Bird reaffirmed its fiscal 2026 guidance, projecting revenue of approximately $1.5 billion and adjusted EBITDA of $220 million. The company also reiterated its long-term outlook targeting an adjusted EBITDA margin of 16%+ on approximately $2 billion in revenue.
"Our business is in a very strong position and we continue to deliver ahead of the plan we have been messaging," said Razvan Radulescu, CFO of Blue Bird Corporation. "We are confident in our profitable growth plans."
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