Blue Bird Q3 adjusted EPS beats estimates
Overview
Blue Bird 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 raises FY2025 Adj. EBITDA guidance to $205-215 mln
Company expects FY2025 net revenue at ~$1.45 bln
Blue Bird 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/Miss | Actual | Consensus Estimate |
Q3 Adjusted EPS | Beat | $1.19 | $0.96 (5 Analysts) |
Q3 EPS | $1.12 | ||
Q3 Adjusted Net Income | $38.70 mln | ||
Q3 Net Income | $36.50 mln | ||
Q3 Adjusted EBITDA | $58.50 mln |
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 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:
