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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.
Blue Bird Corporation (NASDAQ: BLBD) commends the U.S. EPA's announcement to nearly double funding for clean school buses to $965 million, accelerating the shift from diesel to low-emission buses. The program aims to enhance student and community health by prioritizing low-income, rural, and Tribal areas. With 90% of requested buses being electric, Blue Bird anticipates a surge in demand, ramping up production to 20 electric buses daily by 2023.
Blue Bird Corporation (NASDAQ: BLBD) has delivered its first electric school buses to Chinle Unified School District in Arizona, marking a shift towards zero-emission transportation for the largest school district in the Navajo Nation. The transition is aimed at enhancing student health and reducing operating costs, with electric buses costing an average of
Blue Bird Corporation (NASDAQ: BLBD) announced a fifth amendment to its credit facility, providing covenant relief through December 31, 2022. This amendment waives the minimum consolidated EBITDA and units manufactured covenant for the quarter ending October 1, 2022, due to ongoing supply chain disruptions. Changes also include switching the market interest rate index to the Secured Overnight Financing Rate. CEO Matthew Stevenson highlighted the importance of this support from lending partners amidst operational changes and supply chain volatility.
Blue Bird Corporation (NASDAQ: BLBD) announced its participation in two investor conferences: Cowen’s 15th Annual Global Transportation & Sustainable Mobility Conference on September 7-9 and D.A. Davidson’s 21st Annual Diversified Industrials & Services Conference on September 22-23. These events will facilitate discussions on the company's advancements in electric and low-emission school buses. Blue Bird has established itself as a leader in this sector, operating over 20,000 propane, natural gas, and electric buses.
Blue Bird Corporation (NASDAQ: BLBD) commends the Inflation Reduction Act of 2022, which represents a historic
Blue Bird Corporation (Nasdaq: BLBD) reported third-quarter fiscal 2022 net sales of $206.1 million, marking a 4.8% increase year-over-year driven by a 20.4% rise in average unit sales price. Despite selling 1,726 units, a decline from previous years due to supply chain constraints, the company noted strong demand for electric buses with a backlog of $700 million. Adjusted EBITDA was $8.8 million, down from last year, and net loss was $(6.4) million. The company revised its 2022 guidance to a revenue range of $750-800 million.
Blue Bird Corporation (NASDAQ: BLBD) has announced a collaboration with Lightning eMotors (NYSE: ZEV) to launch a factory-certified electric repower program for its gasoline- and propane-powered school buses. Starting in 2023, customers can convert their buses into zero-emission vehicles, supporting a future-ready fleet. This initiative helps schools meet upcoming zero-emission mandates while maintaining low upfront costs. The electric powertrain offers multiple battery configurations, allowing for a driving range of up to 150 miles on a single charge.
Blue Bird Corporation (NASDAQ: BLBD) will release its fiscal 2022 third quarter financial results on August 10, 2022, at 4:30PM ET. Executives Matthew Stevenson and Razvan Radulescu will discuss the results during an audio webcast. The public can access the webcast through the Investor Relations section of Blue Bird's website. Following the call, a replay will be available. Blue Bird is a leader in electric and low-emission school buses, recognized for its commitment to sustainable transportation solutions.
Blue Bird Corporation (NASDAQ: BLBD) has launched Blue Bird Energy Services, aimed at enhancing electric school bus customers' charging infrastructure capabilities. This initiative seeks to support the electrification of student transport by offering comprehensive turnkey charging solutions, from site engineering to customizable hardware. With nearly 650 electric school buses operating, Blue Bird is positioned as a leader in clean transportation, offering various charging options, including AC and DC fast-chargers. The service underscores the company's commitment to sustainable transportation solutions.
Blue Bird Corporation (NASDAQ: BLBD), an industry leader in electric and low-emission school buses, will attend two investor conferences: the 19th Annual Craig-Hallum Institutional Investor Conference virtually on June 1, 2022 and the UBS Global Industrials & Transportation Conference in-person in New York City on June 8, 2022. Interested parties can contact Craig-Hallum at chconference@craig-hallum.com or UBS's Katie Oakford at katie.oakford@ubs.com.
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