Brief: Blue Bird Reports Fiscal 2022 First Quarter Results

Blue Bird

09/02/2022 22:36

Feb 9 (Reuters) - Blue Bird Corp  BLBD.O :
    * BLUE BIRD CORP - REPORTS FISCAL 2022 FIRST QUARTER RESULTS
    * BLUE BIRD CORP - QTRLY NET SALES OF $129.2 MILLION VERSUS
$130.4
MILLION
    * BLUE BIRD CORP - QTRLY LOSS PER SHARE $0.15
    * BLUE BIRD CORP - EXPECTING A CHALLENGING 1H FOR FISCAL
2022 DUE
TO CONTINUED SUPPLY CONSTRAINTS & MARGIN PRESSURE
    * BLUE BIRD CORP - IN FISCAL Q4, CO EXPECTS TO BE AT HIGHER
PRODUCTION LEVELS & WITH NORMALIZED MARGINS AS THE FULL 11%
PRICE INCREASE GOES INTO EFFECT
    * BLUE BIRD - EXPECT TO SEE GRADUAL RELIEF BEGINNING IN
FISCAL Q3
AS SUPPLY CHAIN CONSTRAINTS ARE RESOLVED DUE TO NEW SUPPLIERS
COMING ON BOARD
    * BLUE BIRD - EXPECT TO SEE GRADUAL RELIEF BEGINNING IN
FISCAL Q3
AS ORDERS WITH THE 11% PRICE INCREASE BEGIN TO BE DELIVERED
    * BLUE BIRD - ANTICIPATE SCALING UP ELECTRIC VEHICLE
PRODUCTION
CAPACITY TO 4,000 VEHICLES A YEAR BY 2024 TO MEET DEMAND

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