Blue Bird Q2 revenue falls 1.7% but beats estimates

Blue Bird

06/05/2026 21:12

Overview

U.S. school bus maker's fiscal Q2 revenue declined 1.7% but beat analyst expectations

Adjusted EPS for fiscal Q2 beat analyst expectations

Company raised full-year 2026 revenue and adjusted EBITDA guidance after Micro Bird acquisition

Outlook

Blue Bird raises FY2026 net revenue guidance to ~$1.75 bln

Company lifts FY2026 adj EBITDA forecast to ~$245 mln

Blue Bird targets long-term adj EBITDA margin of 15%+ on $2.5+ bln revenue

Result Drivers

LOWER UNIT SALES - Fewer production days led to a 6.4% decrease in units sold, reducing net sales

PRICE INCREASES AND MIX - Higher average sales prices and changes in customer and product mix, including price hikes to offset tariff-related procurement costs, partially offset lower unit sales

LOWER SG&A EXPENSES - Net income rose mainly due to a decrease in selling, general and administrative expenses, reflecting lower share-based compensation costs

Company press release: ID:nBw240h3sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$352.60 mln
$335.23 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$1
$0.88 (5 Analysts)
Q2 EPS
$0.90
Q2 Adjusted Net Income
$32.50 mln
Q2 Net Income
$29.30 mln
Q2 Adjusted EBITDA
$50.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for Blue Bird Corp is $72.00, about 13.6% above its May 5 closing price of $63.39

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)