Welcome to our dedicated page for Blue Bird Corporation news (Ticker: BLBD), a resource for investors and traders seeking the latest updates and insights on Blue Bird Corporation stock.
Blue Bird Corporation (symbol: BLBD) is a leading American manufacturer of school buses, offering a complete line of Type A, C, and D buses in various configurations. Since its inception in 1927, Blue Bird has been at the forefront of innovation in bus design and manufacturing, setting industry standards for quality and safety. The company's Georgia-based manufacturing facilities and a robust network of dealers and service centers across North America enable it to cater to a wide market.
With over 1,600 employees, Blue Bird's commitment to safety and reliability is evident in its comprehensive range of buses designed to meet diverse customer needs. The company also offers extensive financial solutions through Blue Bird Capital Services, facilitating easier access to their products.
Blue Bird has a significant global footprint, with sales extending to over 60 countries, including regions in Africa, Asia, the Caribbean, Latin America, Europe, and the Middle East. The company's operations are divided into two primary segments: the Bus segment, which focuses on the design, engineering, and sales of school buses along with extended warranties, and the Parts segment, which deals with the sale of replacement bus parts.
Recent developments in Blue Bird's operations highlight its dedication to enhancing safety and innovation. The company continues to invest in new technologies and partnerships, ensuring that it remains a leader in the school bus manufacturing industry. Financially, Blue Bird is stable, with the majority of its sales coming from the United States.
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Blue Bird (Nasdaq: BLBD) will report its fiscal 2024 second quarter financial results on May 8, 2024, with a webcast and conference call featuring CEO Phil Horlock and CFO Razvan Radulescu at 4:30PM ET.
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Blue Bird Corporation (BLBD) announces a secondary offering of 4,042,650 shares of common stock by an affiliate of American Securities LLC. The Company will not receive any proceeds from the offering, with all proceeds going to the Selling Stockholder. Barclays is the sole underwriter for the offering, which will be made through various channels at market prices. The offering is based on a shelf registration statement filed with the SEC in December 2021.
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Blue Bird Corporation (Nasdaq: BLBD) announced its fiscal 2024 first quarter results, reporting net sales of $317.7M, up 35%, and GAAP net income of $26.2M, up $37.4M. The company sold 2,129 buses, up 9%, and raised FY2024 Adj. EBITDA guidance to $130M. The CFO also increased the full-year guidance to Net Revenue to $1.15-1.25 Billion, Adj. EBITDA of $120-140 million, and Adj. Free Cash Flow of $60-70 million.
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Blue Bird Corporation (Nasdaq: BLBD) has announced a $60 million stock repurchase program, reflecting management's confidence in the company's strong performance, growth prospects, and commitment to enhancing shareholder value. The program permits repurchases in open market or private transactions and is expected to be funded from existing cash balances, future free cash flow, or indebtedness.
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Nuvve Holding Corp. (NVVE) celebrates the deployment of the 500th electric school bus EVSE managed through its proprietary GIVe™ bidirectional, smart-charging software platform by the Orange Unified School District in California. The district purchased thirteen Nuvve Level 2 'PowerPort' chargers and three 60kW chargers, following their 2021 purchase of fifteen Nuvve Level 2 PowerPort chargers for their existing fleet of electric school buses. Nuvve's CEO highlighted the potential for future recurring revenues ranging between $1.5 to $2.0 million per year over the life of the vehicles from grid service revenues. Blue Bird CEO Phil Horlock also commended Nuvve for achieving this milestone, emphasizing the partnership between industry-leading electric school buses and high-performing vehicle charging infrastructure.
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Blue Bird Corporation (BLBD) will release its fiscal 2024 first quarter financial results on February 7, 2024. The webcast and conference call will be led by CEO Phil Horlock and CFO Razvan Radulescu at 4:30PM ET on the same day. The public is invited to attend the audio webcast, and a slide presentation will be available to support the discussion. Dial-in details and the webcast will be accessible on Blue Bird's Investor Relations website. A replay of the webcast will be available approximately two hours after the call concludes.
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Los Angeles Unified School District (LAUSD) has placed the largest order of electric school buses from Blue Bird Corporation in its history, ordering 180 electric, zero-emission school buses. The shift to clean student transportation will help LAUSD realize its ambitious goals of reducing harmful greenhouse gas emissions while improving its operational efficiencies. The order includes 150 All American and 30 Vision model buses, with anticipated delivery starting in October 2024 and fulfillment in early 2025. The buses have a range of up to 130 miles on a single charge and come standard with vehicle-to-grid (V2G) capability, allowing LAUSD to potentially sell excess energy stored in school bus batteries back to electric power companies at a profit.
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Blue Bird Corporation (Nasdaq: BLBD) is supplying 23 electric school buses to Carter County Schools (CCS) in Kentucky, funded by a $9 million grant through the U.S. Environmental Protection Agency’s Clean School Bus Rebate program. The state-of-the-art electric buses feature extended range, faster battery charging, and increased seating capacity, marking a new era of clean student transportation for the school district.
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Blue Bird Corporation (Nasdaq: BLBD) announced that an affiliate of American Securities LLC intends to offer 2,500,000 shares of Blue Bird's common stock. The offering consists entirely of secondary shares to be sold by the Selling Stockholder, with the Company not receiving any proceeds from the offering. BofA Securities and Barclays are acting as the underwriters of the offering. The offering is made pursuant to an effective shelf registration statement filed by Blue Bird with the SEC on December 23, 2021.
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Blue Bird Corporation (BLBD) announced fiscal 2023 full year net sales of $1,132.8M, up 41%, and GAAP net income of $23.8M, up $69.6M. Adjusted EBITDA of $87.9M, up $102.7M with 8,514 buses sold, up 25%. FY2024 Adj. EBITDA Guidance Increased to $115M or ~10% Margin.
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FAQ
What is the current stock price of Blue Bird Corporation (BLBD)?
The current stock price of Blue Bird Corporation (BLBD) is $41.18 as of November 22, 2024.
What is the market cap of Blue Bird Corporation (BLBD)?
The market cap of Blue Bird Corporation (BLBD) is approximately 1.3B.
What does Blue Bird Corporation do?
Blue Bird Corporation designs, manufactures, and sells a complete line of Type A, C, and D school buses. They also offer extended warranties and sell replacement bus parts.
Where is Blue Bird Corporation located?
Blue Bird Corporation is based in Georgia, USA, with manufacturing facilities and a network of dealers and service centers across North America.
How long has Blue Bird Corporation been in operation?
Blue Bird Corporation has been in operation since 1927, continuously setting industry standards in school bus design and manufacturing.
What are the main segments of Blue Bird Corporation?
Blue Bird Corporation operates in two main segments: the Bus segment and the Parts segment.
What markets does Blue Bird Corporation serve?
Blue Bird Corporation serves markets worldwide, with a significant presence in the United States, Canada, Africa, Asia, the Caribbean, Latin America, Europe, and the Middle East.
How many employees does Blue Bird Corporation have?
Blue Bird Corporation employs over 1,600 people.
Does Blue Bird Corporation offer financial solutions?
Yes, Blue Bird Corporation offers financial solutions through Blue Bird Capital Services.
What is the primary focus of Blue Bird Corporation?
The primary focus of Blue Bird Corporation is to design, manufacture, and sell school buses that prioritize safety and reliability.
What recent achievements has Blue Bird Corporation made?
Blue Bird Corporation continues to innovate in bus design and safety, investing in new technologies and partnerships.
Where can I find replacement parts for Blue Bird buses?
Replacement parts for Blue Bird buses can be purchased through their extensive network of dealers and parts service facilities throughout North America.
Blue Bird Corporation
Nasdaq:BLBD
BLBD Rankings
BLBD Stock Data
1.31B
32.14M
0.66%
96.31%
10.57%
Farm & Heavy Construction Machinery
Truck & Bus Bodies
United States of America
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