Overview

* Blue Bird ( BLBD ) fiscal Q3 revenue rises 19.4% yr/yr to $398 mln

* Adjusted EPS for fiscal Q3 beats analyst expectations, per LSEG data

* Co announces $100 mln share buyback program

Outlook

* Blue Bird ( BLBD ) raises FY2025 Adj. EBITDA guidance to $205-215 mln

* Company expects FY2025 net revenue at ~$1.45 bln

* Blue Bird ( BLBD ) aims for long-term Adj. EBITDA margin of 16%+ on ~$2 bln revenue

* Company raises FY2025 Adj. Free Cash Flow guidance to $90-$100 mln

Result Drivers

* BUS SALES - Increase driven by higher unit bookings and price increases to offset tariff costs

* ELECTRIC BUS SALES - Record 271 electric buses sold, supporting leadership in alternative-powered buses

* PRICE INCREASES - Implemented to mitigate impact of increased procurement costs due to tariffs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.19 $0.96 (5

Adjusted Analysts

EPS )

Q3 EPS $1.12

Q3 $38.70

Adjusted mln

Net

Income

Q3 Net $36.50

Income mln

Q3 $58.50

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

* Wall Street's median 12-month price target for Blue Bird Corp ( BLBD ) is $50.00, about 12.8% above its August 5 closing price of $43.61

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)