Blue Bird Corporation ( (BLBD) ) has released its Q3 earnings. Here is a breakdown of the information Blue Bird Corporation presented to its investors.
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Blue Bird Corporation, a leading manufacturer in the electric and low-emission school bus sector, has reported its fiscal 2025 third-quarter results, showcasing significant financial growth and strategic advancements. The company, known for its innovation in student transportation, continues to expand its market presence with a focus on alternative-powered buses.
In its latest earnings report, Blue Bird Corporation announced record-breaking results for the third quarter of fiscal 2025, surpassing its own guidance. The company reported net sales of $398 million and a GAAP net income of $36 million. The adjusted EBITDA stood at $58 million, reflecting a 14.7% margin, with 2,467 buses sold during the quarter. These figures highlight the company’s robust performance and strategic pricing actions to counteract tariff impacts.
Key financial metrics reveal a 19.4% increase in net sales compared to the previous year, driven by a rise in bus unit bookings and strategic price adjustments. The company also reported a significant increase in gross profit and adjusted net income, which rose by $16.6 million and $8.1 million respectively. Blue Bird’s commitment to expanding its electric bus offerings is evident, with a record 271 electric buses delivered this quarter and a strong backlog supporting its 2025 EV sales target.
Looking ahead, Blue Bird Corporation has raised its full-year 2025 guidance, projecting an adjusted EBITDA of $210 million, marking an all-time record for the company. The management remains optimistic about sustained profitable growth, bolstered by a new $100 million share repurchase program and a positive long-term outlook with an adjusted EBITDA margin target of 16% on $2 billion in revenue. The company is well-positioned to continue its leadership in the alternative-powered school bus market.