NASDAQ$BLBD
Blue Bird Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Blue Bird reported record results, driven by strong sales and improved operational efficiency.
Blue Bird reported record fiscal 2024 first quarter results with net sales of $317.7 million, up 35% year-over-year, and GAAP net income of $26.2 million, a $37.4 million increase. The company achieved an all-time record adjusted EBITDA of $47.6 million, up $51.1 million, with 2,129 buses sold, a 9% increase. FY2024 adjusted EBITDA guidance was raised to $130 million or 11% of revenue.
- Net sales increased by 35% to $317.7 million.
- GAAP net income rose by $37.4 million to $26.2 million.
- Adjusted EBITDA reached a record $47.6 million, reflecting a 15% margin.
- Unit sales increased by 9% to 2,129 buses.
Headline financials
Revenue & EPS history
Blue Bird · Revenue · Quarterly
$318M
Revenue by segment
Blue Bird · $288M total across 2 segments · Q3 2023
- Bus Sales$283M+16407779.5%98.4%
- Parts Sales$4.6M—1.6%
Forward guidance
Blue Bird increased its full year financial guidance for Adjusted EBITDA to $130 million, with an 11% margin. They are also raising their fiscal 2024 full-year guidance to Net Revenue to $1.15-1.25 Billion, Adj. EBITDA of $120-140 million and Adj. Free Cash Flow of $60-70 million.
Tailwinds
- Increased full year Adjusted EBITDA guidance to $130 million with an 11% margin.
- Raising fiscal 2024 full-year guidance to Net Revenue to $1.15-1.25 Billion.
- Raising fiscal 2024 Adj. EBITDA guidance to $120-140 million.
- Raising fiscal 2024 Adj. Free Cash Flow guidance to $60-70 million.
- Reconfirming long-term outlook of profitable growth towards ~$2 billion in revenues and Adjusted EBITDA margins of 12%+
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 2024
+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
| Quarter | Report date | Reaction (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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