Record Sales and Adjusted EBITDA
Blue Bird reported record sales of $398 million and an adjusted EBITDA of $58 million for the third quarter of fiscal 2025, exceeding guidance and increasing full-year projections.
Strong Performance in EV Segment
The company sold 271 electric vehicles in Q3, representing 11% of total volume, with a strong outlook for future EV sales.
Profitability and Cash Flow
Adjusted EBITDA margin improved to 14.7%, and free cash flow was strong at $52 million, $56 million higher than the previous year.
Increased Full-Year Guidance
The company raised its full-year guidance, projecting adjusted EBITDA to reach $210 million or 14.5%.
New Manufacturing and Product Initiatives
Blue Bird is investing in manufacturing automation and product development, with a new plant in Plattsburg, New York, and a focus on long-term competitive strategies.
Strong Liquidity and Share Repurchase Program
The company reported record liquidity of $315 million and announced a new $100 million share repurchase program.
Expansion into New Markets
The company is expanding its product line with a new commercial chassis and increasing small bus capacity through the Micro Bird joint venture.