BLBD
Blue Bird Corporation51.22
+0.21+0.41%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Margin details, EV backlog strength.
Q&A unpacked Q1 margins as two-thirds net pricing and one-third efficiencies, with pricing effects slated for H2 despite tariff swings. EV backlog topped 1,000 units, bleeding into FY27 on infrastructure delays, while diesel drew possible pre-buys ahead of 2027 emissions regs. Management signaled opportunistic M&A or future dividends beyond buybacks and $100M plant CapEx, plus automation tailwinds. No tariff pushback emerged despite $8,800/bus YoY rise—all makers face it amid fleet replacements. Chassis slips to FY27 sales. Answers reaffirmed upbeat script. Watch EV execution, cap alloc.
Key Stats
Market Cap
1.62BP/E (TTM)
13.20Basic EPS (TTM)
3.88Dividend Yield
0%Recent Filings
8-K
Stockholders approve expanded equity plan
Blue Bird stockholders approved the Amended and Restated 2015 Omnibus Equity Incentive Plan on March 11, 2026, boosting shares reserved for awards from 5.2M to 6.1M—an extra 900,000 shares—and extending the term to 2035. Full value awards cap rose similarly. This arms the comp committee with more equity firepower for retention.
8-K
Acquires full Micro Bird control
Blue Bird signed a deal on February 15, 2026, to buy Girardin Group's 50% stake in the Micro Bird JV for $198.2M—30% cash, 70% stock—gaining full control of the Type A bus maker. Closing eyed for H1 2026, it adds a $16.5M Plattsburgh plant and Steve Girardin to the board. Deal accretes EPS 8.2% in FY26. Full ownership unifies operations.
10-Q
Q1 FY2026 results
Blue Bird's Q1 FY2026 sales hit $333.1M, up 6.1% y/y from $313.9M, with gross profit climbing 18.0% to $71.2M (21.4% margin vs 19.2%) on bus pricing to offset tariffs and inflation. Operating profit rose 14.0% y/y to $37.7M despite SG&A up 23.0% to $33.6M from R&D and labor; diluted EPS grew 9.3% y/y to $0.94 on 32.6M shares. Cash swelled to $241.7M, revolver free with $141.7M available, term debt at $90M (5.9%); free cash flow $31.1M (operating cash $36.6M minus $5.5M capex). Repurchased $15.0M shares. Supply chain constraints linger.
8-K
Q1 sales $333M, EBITDA raised
Blue Bird posted Q1 FY2026 net sales of $333M and GAAP net income of $31M, up from prior year, with 2,135 buses sold and record Adjusted EBITDA of $50M at 15% margin. Revenue rose 6.1% on pricing to offset tariffs, while delivering 121 electric buses. Strong start prompts raised FY2026 Adjusted EBITDA guidance to $225M. Cash hit $242M.
8-K
Horlock retires from board
Blue Bird Corporation's former CEO Phil Horlock resigned from the Board on December 24, 2025, effective immediately, with no disagreements on operations or policies. After over 12 years leading transformative growth and a smooth handover to John Wyskiel nearly a year ago, he retires with full confidence in the team. Smooth exit. Board Chair Doug Grimm praised his vision and legacy.
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