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.
About Blue Bird Corporation
Blue Bird Corporation (NASDAQ: BLBD) is a renowned American manufacturer specializing in the design, engineering, and production of school buses. With a legacy spanning nearly a century since its founding in 1927, the company has established itself as a trusted name in the transportation industry, particularly in the educational sector. Blue Bird's unwavering focus on safety, innovation, and reliability makes it a cornerstone of student transportation solutions worldwide.
Core Business Segments
Blue Bird operates through two primary business segments:
- Bus Segment: This segment encompasses the design, engineering, manufacturing, and sales of school buses. Blue Bird offers a comprehensive range of Type A, C, and D school buses, catering to various customer needs and configurations. The company is also at the forefront of adopting alternative fuel technologies, including electric and propane-powered buses, to meet evolving environmental standards and customer demands.
- Parts Segment: This segment focuses on the sale of replacement bus parts, ensuring that customers have access to high-quality components to maintain the safety and performance of their vehicles over time. This segment also includes extended warranties, providing additional value and peace of mind to customers.
Geographic Reach and Market Presence
Blue Bird primarily serves customers in the United States, which accounts for the majority of its revenue. However, its extensive global footprint spans over 60 countries, including regions such as Africa, Asia, the Caribbean, Latin America, Europe, and the Middle East. This international presence underscores the company's ability to adapt its products to diverse regulatory, environmental, and customer needs.
Commitment to Safety and Innovation
The safety of schoolchildren is at the heart of Blue Bird's mission. The company continuously invests in advanced safety features and innovative technologies to ensure its buses meet the highest safety standards. Additionally, Blue Bird has been a pioneer in the adoption of alternative fuel solutions, offering electric, propane, and compressed natural gas buses to support environmental sustainability and reduce operational costs for its customers.
Manufacturing and Distribution
Blue Bird's manufacturing operations are based in Georgia, United States, where it employs over 1,600 skilled workers. The company supports its customers through an extensive network of dealers and parts and service facilities across North America, ensuring timely and efficient service delivery. This robust infrastructure enhances Blue Bird's ability to meet the needs of its customers reliably and effectively.
Competitive Positioning
Blue Bird differentiates itself through its singular focus on school buses, a niche market that demands specialized expertise and unwavering attention to safety and reliability. Its long-standing reputation, combined with its commitment to innovation and customer satisfaction, positions it as a key player in the school transportation industry. Competitors in this space include Thomas Built Buses and IC Bus, but Blue Bird's dedication to alternative fuel technologies and its global reach provide it with a competitive edge.
Financial Solutions
Through Blue Bird Capital Services, the company offers comprehensive financial solutions to its customers. This includes flexible financing options that enable schools and transportation providers to acquire high-quality buses without straining their budgets. This service further enhances Blue Bird's value proposition and strengthens its relationships with customers.
Conclusion
Blue Bird Corporation's nearly 100-year history, combined with its focus on safety, innovation, and customer satisfaction, has made it a leader in the school bus manufacturing industry. Its commitment to providing reliable, environmentally friendly transportation solutions ensures its continued relevance in a rapidly evolving market. With a strong presence in North America and beyond, Blue Bird remains a trusted partner for schools and transportation providers worldwide.
Blue Bird Corporation (NASDAQ: BLBD) will release its fiscal year 2023 first quarter financial results on
Blue Bird Corporation (NASDAQ: BLBD) has announced an expansion of its sales territory to South Carolina through a new dealership, Gregory Poole Bus Sales & Service. This dealership will offer both new and pre-owned buses, including traditional and low- or zero-emission options. With 21 service facilities, customers can expect comprehensive support. Recently, the demand for clean student transportation has surged, aided by nearly $1 billion in funding from the U.S. EPA for purchasing electric school buses. This partnership enhances Blue Bird's position as a leader in low-emission school buses, with over 20,000 such buses in operation.
Blue Bird Corporation (NASDAQ: BLBD) has successfully delivered its first electric school bus to Dearborn Public Schools in Michigan. This zero-emission bus can transport up to 84 students for 120 miles on a single charge. Funded partly by a
Blue Bird Corporation (NASDAQ: BLBD) reported net sales of $801 million for FY2022, a 17.1% increase YoY. However, the company faced a GAAP net loss of $46 million and an Adjusted EBITDA loss of (15 million). The fourth quarter saw sales reach $257.7 million, a 34.1% increase from the previous year, with 6,822 buses sold. The backlog stands at over $600 million, with more than 5,000 units ordered. The company projects FY2023 revenues between $900-1,000 million with an Adjusted EBITDA of $35-45 million.
Blue Bird Corporation (NASDAQ: BLBD) has announced a partnership with Highland Electric Fleets to facilitate the acquisition of 12 electric school buses by Hardin County Community Unit School District #1 in Illinois. The initiative is partially funded by a
Blue Bird Corporation (NASDAQ: BLBD) has announced a sixth amendment to its credit facility, extending the maturity date to December 31, 2024. The amendment includes revised covenants, changes to the revolving credit facility, and a new pricing grid. CFO Razvan Radulescu highlighted expected improved financial performance, projecting annualized run-rates of $50M for Q2-Q3 and $60M for Q2-Q4 in 2023, while CEO Matthew Stevenson noted operational progress despite supply chain challenges. Further details will be shared during the earnings call on December 12.
Blue Bird Corporation (NASDAQ: BLBD) will announce its fiscal 2022 Q4 and full-year financial results on December 12, 2022, at 4:30 PM ET. The public is invited to an audio webcast featuring CEO Matthew Stevenson and CFO Razvan Radulescu discussing the outcomes. A supportive slide presentation will be available. Investors can access the webcast details on the Blue Bird Investor Relations website, with a replay available two hours post-call. Blue Bird has pioneered low- and zero-emission school buses since 1927, operating over 20,000 cleaner-energy buses.
The U.S. Environmental Protection Agency (EPA) has announced funding for over 2,400 clean school buses, with 95% being electric. This initiative prioritizes low-income, rural, and Tribal communities, enhancing access to sustainable transportation. Blue Bird Corporation (NASDAQ: BLBD), a leader in electric school buses, supports this initiative and aims to expand production to 20 electric buses daily by the end of 2023. The funding is part of a $5 billion program aimed at replacing diesel buses and establishing necessary infrastructure, supporting approximately 2,000 jobs.
Nuvve Holding Corp (Nasdaq: NVVE) and Blue Bird Corporation (Nasdaq: BLBD) have launched the largest vehicle-to-grid (V2G) project for electric school buses in Ramona Unified School District, California. Eight electric school buses, equipped with Nuvve's GIVe™ technology, will sell stored energy back to the grid during peak demand, generating potential savings of up to $7,200 per bus annually through SDG&E's Emergency Load Reduction Program. This initiative supports the transition to zero-emission transportation, bolstered by the Biden-Harris Administration's Clean School Bus Rebate program, which allocates nearly $1 billion for such projects.
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.
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