NASDAQ$BLBD

Blue Bird Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter results with focus on margin expansion and EV growth, impacted by supply chain disruptions and inflationary pressures.

Blue Bird Corporation reported a challenging first quarter due to supply chain disruptions and inflationary pressures, resulting in a GAAP net loss of $4.1 million. Despite these challenges, the company confirmed its FY2022 guidance and saw strong order backlog.

  • Net sales were $129.2 million.
  • GAAP net loss was $4.1 million.
  • Adjusted EBITDA was $3.6 million.
  • Order backlog reached a record of 4,800+ units.

Headline financials

Total Revenue

$129M

Previous: $130M-0.9%
EPS (adj)

-$0.07

Previous: -$0.06-17.4%
Adjusted EBITDA Margin

2.8%

No prior period
Free Cash Flow

-$4.08M

Previous: -$1.61M-152.9%
Net Income

-$4.08M

Previous: -$1.61M-152.9%
Operating Income

-$2.04M

Previous: -$222K-817.1%
Gross Profit

$16.2M

Previous: $14.5M+12.0%
Cash & Equivalents

$4.07M

Previous: $23.9M-83.0%
Total Assets

$364M

Previous: $308M+18.3%
Stock-Based Comp

$1.67M

Previous: $724K+131.1%

Revenue & EPS history

Blue Bird · Revenue · Quarterly

$129M

Q1 2022-0.9%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Blue Bird · $288M total across 2 segments · Q3 2023

  • Bus Sales
    $283M+16407779.5%
  • Parts Sales
    $4.6M

Forward guidance

Blue Bird expects a challening first half of fiscal year 2022 due to continued supply constraints and margin pressure, with gradual relief expected beginning in fiscal Q3 and normalized margins in Fiscal Q4 as price increases take effect. The company is maintaining its guidance for fiscal 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.6%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+4.5%

Avg return

30 days after

55%

27 / 49 earnings

Positive

+35.7%

Q2 2023

Best reaction

-19.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+8.9%+6.4%+7.1%
Q1 2026+11.8%+14.2%+10.2%
Q4 2025-5.4%-4.8%-5.5%
Q2 2025+2.0%+7.1%+9.0%
Q1 2025+4.2%+3.2%-5.1%
Q4 2024-1.2%-1.3%-5.7%
Q3 2024+0.2%-2.0%-4.5%
Q2 2024+25.9%+31.4%+51.8%
Q1 2024-2.7%-0.5%+3.9%
Q4 2023+11.6%+15.3%+16.1%
Q3 2023-5.0%-0.2%+2.3%
Q2 2023+35.7%+13.4%+10.3%
Q1 2023+33.2%+51.4%+53.1%
Q4 2022-19.4%-19.8%+13.7%
Q3 2022-0.3%+8.9%-5.2%
Q2 2022-7.0%-9.2%-18.7%
Q1 2022+16.1%+12.4%+34.9%
Q4 2021-5.3%-8.4%-3.1%
Q3 2021-10.5%-9.3%-24.3%
Q2 2021-1.4%+1.2%-5.7%
Q1 2021-18.4%-20.2%+9.4%
Q4 2020+0.1%+7.5%+33.8%
Q3 2020-14.4%-14.9%-15.6%
Q2 2020+9.2%+15.1%+31.6%
Q1 2020-5.9%-6.7%-34.3%
Q4 2019+1.3%+3.7%+17.9%
Q3 2019+2.0%-9.1%-5.7%
Q2 2019+9.9%+8.5%+9.9%
Q1 2019-4.9%-10.1%-15.7%
Q4 2018-0.1%-6.1%+1.8%
Q3 2018+6.3%+1.2%+7.2%
Q2 2018-7.4%-12.7%-19.3%
Q1 2018+15.9%+17.9%+20.9%
Q4 2017-7.0%-6.2%-2.3%
Q3 2017+1.7%+1.1%+3.4%
Q2 2017-1.3%-1.1%-5.3%
Q1 2017+2.4%+2.7%+0.0%
Q4 2016+1.2%-3.5%-7.0%
Q3 2016-1.6%-1.1%-1.2%
Q2 2016+2.2%+11.1%+16.1%
Q1 2016-5.9%
Q4 2013+0.4%
Q4 2015+0.4%
Q3 2015-2.0%
Q2 2015+1.4%
Q3 2014+0.8%
Q1 2015+0.8%
Q4 2014+0.5%
Q2 2014-0.6%

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