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Blue Bird Announces FY2024 Preliminary Unit Sales and Revenue

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Blue Bird (Nasdaq: BLBD) reported preliminary unaudited results for fiscal 2024, showing significant growth across key metrics. The company sold 9,000 buses, a 6% increase from the previous year, reaching the top end of guidance. Net sales revenue hit a record $1.35B, up 19% year-over-year and exceeding guidance. Electric vehicle sales reached a record 704 buses, marking a 29% increase. The company's total backlog stands at over 4,800 units, valued at approximately $735M, up 10% from last year. The EV backlog grew to nearly 630 buses, worth about $200M, driven by EPA's Clean School Bus program orders.

Blue Bird (Nasdaq: BLBD) ha riportato risultati preliminari non auditati per l'anno fiscale 2024, mostrando una crescita significativa in tutti i principali indicatori. L'azienda ha venduto 9.000 autobus, un aumento del 6% rispetto all'anno precedente, raggiungendo il limite superiore delle previsioni. I ricavi netti delle vendite hanno raggiunto un record di 1,35 miliardi di dollari, con un incremento del 19% rispetto all'anno scorso, superando le previsioni. Le vendite di veicoli elettrici hanno toccato un record di 704 autobus, segnando un aumento del 29%. L'ordini totali dell'azienda ammontano a oltre 4.800 unità, con un valore di circa 735 milioni di dollari, in crescita del 10% rispetto all'anno passato. L'ordini di veicoli elettrici sono aumentati a quasi 630 autobus, del valore di circa 200 milioni di dollari, grazie agli ordini del programma EPA per Autobus Scolastici Puliti.

Blue Bird (Nasdaq: BLBD) informó resultados preliminares no auditados para el año fiscal 2024, mostrando un crecimiento significativo en métricas clave. La compañía vendió 9,000 autobuses, un aumento del 6% en comparación con el año anterior, alcanzando el extremo superior de la guía. Los ingresos por ventas netas alcanzaron un récord de 1.35 mil millones de dólares, incrementándose un 19% interanual y superando la guía. Las ventas de vehículos eléctricos alcanzaron un récord de 704 autobuses, marcando un aumento del 29%. El total de pedidos de la compañía se sitúa en más de 4,800 unidades, valoradas en aproximadamente 735 millones de dólares, un aumento del 10% respecto al año pasado. El stock de vehículos eléctricos creció a casi 630 autobuses, valorados en alrededor de 200 millones de dólares, impulsados por los pedidos del programa de Autobuses Escolares Limpiados de la EPA.

블루 버드 (Nasdaq: BLBD)는 2024 회계연도에 대한 예비 감사되지 않은 결과를 보고하며 주요 지표에서 상당한 성장을 보여주었습니다. 회사는 9,000대의 버스를 판매했으며, 이는 전년도 대비 6% 증가한 수치로, 가이던스의 상한선에 도달했습니다. 순매출은 13억 5천만 달러로 기록을 경신했으며, 전년 대비 19% 증가하여 가이던스를 초과했습니다. 전기차 판매는 704대의 버스로 기록을 세우며 29% 증가했습니다. 회사의 총 백로그는 4,800대 이상으로, 약 7억 3,500만 달러의 가치가 있으며, 지난해 대비 10% 증가했습니다. 전기차 백로그는 약 630대의 버스로 증가하였고, 가치는 약 2억 달러로, EPA의 청정 학교 버스 프로그램 주문에 의해 유도되었습니다.

Blue Bird (Nasdaq: BLBD) a annoncé des résultats préliminaires non audités pour l'exercice fiscal 2024, révélant une croissance significative dans tous les indicateurs clés. L'entreprise a vendu 9 000 autobus, soit une augmentation de 6 % par rapport à l'année précédente, atteignant le plafond de ses prévisions. Le chiffre d'affaires net a atteint un niveau record de 1,35 milliard de dollars, en hausse de 19 % par rapport à l'année précédente, dépassant ainsi ses prévisions. Les ventes de véhicules électriques ont atteint un record de 704 autobus, marquant une augmentation de 29 %. Le carnet de commandes total de l'entreprise s'élève à plus de 4 800 unités, d'une valeur d'environ 735 millions de dollars, augmentant de 10 % par rapport à l'année précédente. Le carnet de commandes pour les véhicules électriques a presque doublé pour atteindre près de 630 autobus, d'une valeur d'environ 200 millions de dollars, grâce aux commandes du programme de bus scolaires propres de l'EPA.

Blue Bird (Nasdaq: BLBD) hat vorläufige, nicht geprüfte Ergebnisse für das Geschäftsjahr 2024 gemeldet, die ein erhebliches Wachstum in allen wichtigen Kennzahlen zeigen. Das Unternehmen verkaufte 9.000 Busse, ein Anstieg um 6% im Vergleich zum Vorjahr, und erreichte die obere Grenze der Prognose. Der Nettoumsatz erreichte einen Rekord von 1,35 Milliarden US-Dollar, was einem Anstieg von 19% im Jahresvergleich entspricht und die Prognose übertraf. Der Verkauf von elektrischen Fahrzeugen erreichte mit 704 Bussen ein Rekordhoch, was einem Anstieg von 29% entspricht. Der Gesamtbestand des Unternehmens beträgt über 4.800 Einheiten, die einen Wert von ca. 735 Millionen US-Dollar haben, was einem Anstieg von 10% gegenüber dem Vorjahr entspricht. Der Bestand an Elektrofahrzeugen wuchs auf fast 630 Busse, die etwa 200 Millionen US-Dollar wert sind, gefördert durch die Bestellungen des EPA-Programms für saubere Schulbusse.

Positive
  • Unit sales increased 6% to 9,000 buses
  • Record net sales revenue of $1.35B, up 19% YoY
  • Record EV sales of 704 buses, up 29% YoY
  • Total backlog increased 10% to $735M
  • EV backlog reached record level of 630 buses ($200M)
Negative
  • None.

Insights

Blue Bird's preliminary FY2024 results showcase impressive growth across key metrics. The $1.35B record revenue, representing a 19% year-over-year increase, significantly outperformed guidance. Unit sales growth of 6% to 9,000 buses demonstrates strong market demand. The 704 EV bus sales mark a strategic milestone, with a 29% increase reflecting successful market penetration in the growing electric vehicle segment.

The robust backlog of 4,800 units valued at $735M, including $200M in EV orders, provides strong revenue visibility for FY2025. The EPA's Clean School Bus program continues to be a significant growth catalyst, particularly for the EV segment. The company's ability to exceed guidance while maintaining a strong order book suggests effective operational execution and pricing power in the market.

Fiscal Year Unit Sales up 6%; Record Net Revenue, up 19%

MACON, Ga.--(BUSINESS WIRE)-- Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced select preliminary full-year, unaudited results for fiscal 2024.

Select Preliminary Full-Year 2024 Results:

  • 9,000 buses sold
  • Record net sales revenue of $1.35B
  • Record EV sales of 704 buses

Blue Bird sold 9,000 buses in fiscal 2024, up 6% and almost 500 units over prior year, reflecting the top end of guidance. Record sales revenue of $1.35B, was up 19% compared with prior year, and above guidance. Record electric vehicle sales of 704 buses was a significant 29% increase over last year.

Strong new order intake continued, yielding a fiscal year-end total backlog of more than 4,800 units, worth around $735M in revenue, up 10% from last year. EV backlog grew to a record level of nearly 630 buses, worth approximately $200M, driven largely by the ramp in orders from rounds 2 and 3 of the EPA’s Clean School Bus program, as expected.

“We are very pleased with our strong year-end performance resulting from the hard work by our team,” said Blue Bird’s President and CEO, Phil Horlock. “We are looking forward to discussing our full year 2024 results and fiscal 2025 outlook in our next earnings call on November 25, 2024”.

About Blue Bird Corporation

Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com.

Blue Bird Investor Contact

Mark Benfield

Investor Relations

M: +1.478.822.2315

Mark.Benfield@blue-bird.com

Source: Blue Bird Corporation

FAQ

How many buses did Blue Bird (BLBD) sell in fiscal 2024?

Blue Bird sold 9,000 buses in fiscal 2024, representing a 6% increase from the previous year.

What was Blue Bird's (BLBD) revenue for fiscal 2024?

Blue Bird achieved record net sales revenue of $1.35B in fiscal 2024, up 19% compared to the previous year.

How many electric buses did Blue Bird (BLBD) sell in fiscal 2024?

Blue Bird sold a record 704 electric buses in fiscal 2024, representing a 29% increase over the previous year.

What is Blue Bird's (BLBD) current backlog value as of fiscal 2024?

Blue Bird's total backlog stands at more than 4,800 units, valued at approximately $735M, up 10% from the previous year.

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