Welcome to our dedicated page for Blue Bird news (Ticker: BLBD), a resource for investors and traders seeking the latest updates and insights on Blue Bird stock.
Stay informed about developments at Blue Bird Corporation, the only U.S.-owned school bus manufacturer serving school districts and transportation contractors across North America. This news feed aggregates press releases, financial announcements, industry reports, and regulatory filings related to Blue Bird's operations in the student transportation sector.
Blue Bird manufactures Type A, Type C, and Type D school buses powered by diesel, propane, compressed natural gas, gasoline, and battery-electric powertrains. The company's product portfolio includes the Blue Bird Vision conventional school bus and the Blue Bird All American transit-style bus, along with specialty vehicle derivatives for various commercial applications. News coverage often focuses on the company's alternative fuel technology initiatives, particularly its electric bus program featuring vehicle-to-grid capabilities and its propane autogas platform that serves thousands of school districts.
Key topics in Blue Bird news include quarterly financial results, manufacturing capacity updates, new product launches, alternative fuel technology advancements, dealer network expansions, and strategic partnerships. The company's Micro Bird joint venture, fleet management technology developments, and sustainability initiatives frequently generate media attention. School district contract awards, state and federal funding programs for electric and alternative fuel buses, and regulatory changes affecting the school transportation industry also drive news coverage.
Industry analysts track Blue Bird's market share performance, production volumes, backlog levels, and competitive positioning within the North American school bus market. Financial metrics such as revenue growth, profitability margins, unit deliveries, and guidance updates provide insight into operational performance and market demand trends. News about manufacturing facility investments, workforce changes, supply chain developments, and dealer network performance offers perspective on the company's operational execution.
This news page compiles announcements from Blue Bird Corporation, securities filings, earnings reports, industry trade publications, local business media covering the company's Georgia operations, and general business news sources. Investors and industry participants can monitor company developments, market trends affecting school bus demand, regulatory impacts, technology adoption rates for electric and alternative fuel buses, and competitive dynamics shaping the student transportation sector.
Blue Bird (Nasdaq: BLBD), the leader in electric and low-emission school buses, has announced three strategic leadership appointments, effective June 1, 2024. Tim Gordon has been promoted to Senior Vice President of Sales and Marketing. Albert Burleigh has been appointed Vice President of North America Bus Sales, and Jenna Van Harpen has been promoted to Vice President of National Fleet Sales. These appointments aim to further strengthen Blue Bird's customer-centric approach, dealer relationships, and growth in zero- and low-emissions transportation segments. The new leadership team will focus on driving growth in electric- and propane-powered vehicles and national fleet sales.
Blue Bird reported record results in the fiscal 2024 second quarter, with net sales reaching $346M, up 15% from the previous year. GAAP net income increased to $26M, a $19M rise. Adjusted EBITDA hit $46M, up $25M, with 2,254 buses sold. The FY2024 EBITDA guidance was raised to $155M, aiming for a 12% margin, and the long-term EBITDA margin outlook was raised to 14%+. The company also noted strong demand for electric school buses and anticipates continued growth in this segment. Overall, Blue Bird showed significant growth in revenue and profitability, with a positive outlook for the future.
Blue Bird (BLBD) has extended its exclusive clean school bus collaboration with Ford Component Sales and ROUSH CleanTech to 2030. Blue Bird is the sole school bus manufacturer in the US to offer propane- and gasoline-powered buses meeting stringent emission standards. Ford's 7.3L engine powers Blue Bird's school buses, exceeding emission standards. The partnership has deployed over 40,000 alternative-fuel buses since 2012.
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