The earnings call presented a strong financial performance for Blue Bird in the first quarter of fiscal 2025, with near record profits, a robust backlog, and strategic cost management. However, challenges remain with the uncertainty around federal funding and potential tariffs impacting future performance. Despite a decline in EV sales mix, the company has shown resilience and confidence in its ability to adapt and succeed.

Company Guidance

In the Blue Bird Fiscal 2025 First Quarter Earnings Conference Call, the company reported a near-record adjusted EBITDA of $46 million, marking only a $2 million decrease from the previous year, and achieved an impressive adjusted EBITDA margin of 15%. The firm sold 2,130 buses, generating $314 million in revenue, while maintaining a strong order backlog of 4,400 units, including a record 765 electric vehicles (EVs). This backlog represents approximately six months of production. Despite the challenges posed by the President's Executive Orders affecting federal funding and tariffs, Blue Bird maintained its full-year guidance, projecting a revenue range of $1.4 billion to $1.5 billion, with an adjusted EBITDA of $200 million. The company also highlighted growth in alternative-powered vehicles, which accounted for 51% of unit sales. Additionally, adjusted free cash flow increased by $23 million year-over-year, reaching $22 million for the quarter.

Near Record Quarterly Profits

Blue Bird achieved near record adjusted EBITDA and margin in the first quarter of fiscal 2025, with adjusted EBITDA of $46 million and an exceptional adjusted EBITDA margin of 15%.

Strong Backlog and Demand

The backlog for Blue Bird school buses was at a healthy 4,400 units at the end of the first quarter, representing almost six months of production, and EV orders spiked with a 22% increase from the end of fiscal 2024.

Successful Cost Management

First quarter adjusted free cash flow was $22 million, an increase of $23 million over a year ago, and adjusted EBITDA for the quarter was $46 million, only $2 million lower than the prior year.

EV Segment Growth

The backlog of EVs at the end of Q1 was at a record 765 units, 82% above the same time a year ago, and 1,000 EV units were sold or in the backlog for fiscal 2025.

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Blue Bird (BLBD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BLBD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 08, 2025	2025 (Q2)	0.95 / -	0.89	―	―	―
Feb 05, 2025	2025 (Q1)	0.79 / 0.92	0.91	1.10% (+0.01)
Nov 25, 2024	2024 (Q4)	0.65 / 0.77	0.66	16.67% (+0.11)
Aug 07, 2024	2024 (Q3)	0.53 / 0.91	0.44	106.82% (+0.47)
May 08, 2024	2024 (Q2)	0.47 / 0.89	0.27	229.63% (+0.62)
Feb 07, 2024	2024 (Q1)	0.33 / 0.91	-0.3	403.33% (+1.21)
Dec 11, 2023	2023 (Q4)	0.48 / 0.66	-0.66	200.00% (+1.32)
Aug 09, 2023	2023 (Q3)	0.25 / 0.44	-0.09	588.89% (+0.53)
May 11, 2023	2023 (Q2)	0.08 / 0.27	-0.31	187.10% (+0.58)
Feb 08, 2023	2023 (Q1)	-0.32 / -0.30	-0.07	-328.57% (-0.23)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BLBD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2025	$35.73	$37.23	+4.20%
Nov 25, 2024	$42.83	$40.69	-5.00%
Aug 07, 2024	$48.45	$48.58	+0.27%
May 08, 2024	$37.54	$46.72	+24.45%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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