Overview
School bus maker's fiscal Q1 revenue rose 6.1% yr/yr, driven by pricing actions
Adjusted EPS for fiscal Q1 beat analyst expectations
Adjusted EBITDA reached $50 mln, setting a new first-quarter record
Outlook
Blue Bird raises FY2026 Adjusted EBITDA guidance to $225 mln
Company maintains FY2026 net revenue guidance at ~$1.5 bln
Blue Bird reiterates long-term outlook for 16%+ Adjusted EBITDA margin on $2 bln revenue
Result Drivers
PRICING ACTIONS - Revenue increase driven by pricing actions to offset tariff-related cost increases
ELECTRIC BUS SALES - Significant sales of electric buses contributed to performance
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$1
$0.82 (5 Analysts)
Q1 EPS
$0.94
Q1 Adjusted Net Income
$32.50 mln
Q1 Net Income
$30.80 mln
Q1 Adjusted EBITDA
$50.10 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "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 $66.00, about 25.9% above its February 3 closing price of $52.44
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nBw8GxFtVa
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(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.)
