NASDAQ$BLBD
Blue Bird Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported fiscal year 2023 second quarter results, turnaround ahead of schedule, and raised guidance for the year.
Blue Bird Corporation reported strong Q2 2023 results, with net sales of $299.8 million and a GAAP net income of $7.1 million. The company's turnaround plan is progressing faster than expected, leading to an increase in full-year guidance. The backlog remains robust at over $775 million, with nearly 5,800 units.
- Net sales reached $299.8 million, reflecting a 44.4% increase compared to the prior year.
- GAAP net income was $7.1 million, a significant improvement from the previous year.
- Adjusted EBITDA stood at $19.8 million with 2,304 buses sold during the quarter.
- The company raised its full-year fiscal 2023 guidance to approximately $60 million in Adjusted EBITDA.
Headline financials
Revenue & EPS history
Blue Bird · Revenue · Quarterly
$300M
Revenue by segment
Blue Bird · $300M total across 2 segments · Q2 2023
- Bus Sales$293M+79.6%97.6%
- Parts Sales$7.2M+60.7%2.4%
Forward guidance
Blue Bird raised its full year fiscal 2023 guidance to Net Revenue of just over $1.1 Billion, Adj. EBITDA of $55-65 million and Adj. Free Cash Flow of $30-40 million. Additionally, the company reconfirmed its long-term outlook of profitable growth towards $2 billion in revenues and Adjusted EBITDA margins of 12%, or $250 million.
Tailwinds
- Net Revenue of just over $1.1 Billion
- Adj. EBITDA of $55-65 million
- Adj. Free Cash Flow of $30-40 million
- Profitable growth towards $2 billion in revenues
- Adjusted EBITDA margins of 12%, or $250 million
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 Q2 2023
+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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