Blue Bird rises on higher Q2 results, upbeat annual forecast

Blue Bird

12/05/2023 09:49

** Shares of school bus maker Blue Bird Corp  BLBD.O  up
31.3% at $25.37 premarket
    ** Forecasts FY Adj. EBITDA of $55 mln-$65 mln, up from
previous guidance of  $40 mln - $46 mln
    ** Co's FY net rev forecast remains unchanged at just over
$1 bln
    ** BLBD posts Q2 adj. profit of $0.27/shr vs adj. loss of
$0.31/shr reported yr-ago 
    ** Reports 44.4% jump in Q2 rev to $299.8 mln, helped by
increase in bus sales
    ** "We are reconfirming our long-term outlook of profitable
growth towards $2 billion in revenues and Adjusted EBITDA
margins of 12%, or $250 million" - CFO 
    ** Up to last close, BLBD stock up 80.4% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))