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Blue Bird Stock Drops 10.4% to $65.21
Blue Bird is down -10.4%, or -$7.53 to $65.21.
Blue Bird Corporation Reports Q2 Revenue of $353M Exceeding Expectations
Reports Q2 revenue $353M, consensus $336.63M. "I am incredibly proud of our team in delivering another outstanding quarterly result," said John Wyskiel, President & CEO of Blue Bird Corporation. "The Blue Bird team continued to exceed expectations, improving operations, navigating tariffs, and expanding our leadership in alternative-powered buses. We delivered an exceptional Adj. EBITDA of $51M / 14% for the second fiscal quarter of 2026, a new all-time second-quarter record for the Company. In our push to expand our leadership in alternative-powered school buses, we delivered 201 electric-powered buses this quarter. As of the end of the quarter, we had more than 900 EV buses in our firm order backlog, which supports our EV sales target for 2026. Additionally, we are very pleased with the timely closing and integration progress of our recently announced acquisition of Micro Bird. The acquisition strengthens Blue Bird's position with the industry's most comprehensive bus portfolio and expands our addressable market with the Buy America-compliant shuttle bus market. "Based on our strong first half of 2026 and final closing of the Micro Bird acquisition, we are raising our 2026 full-year Adjusted EBITDA guidance to $245 million. We look forward to sustained profitable growth in the coming years as we march towards ~$2.5B in revenue and a 15%+ Adjusted EBITDA margin."
Blue Bird Corporation Raises 2026 Net Revenue Guidance to $1.75 Billion
"We are very pleased with our second quarter results, with our highest ever Q2 Adj. EBITDA and Free Cash Flow," said Razvan Radulescu, CFO of Blue Bird Corporation. "Our business is in a very strong position and we continue to deliver ahead of the plan we have been messaging. With the strong first half we delivered, we are raising all full-year 2026 guidance metrics, as well as building in consolidated results for Micro Bird for the second half. 2026 Guidance is being raised to Net Revenue at ~$1.75 Billion and Adj. EBITDA to ~$245 million. Additionally, we are raising our long-term profit outlook towards an Adjusted EBITDA margin of $375+ million, or 15%+, on $2.5+ billion in revenue. We are confident in our profitable growth plans."
Blue Bird Corporation Appoints Lyndon Lie as Senior Vice President
Blue Bird Corporation announced the appointment of Lyndon Lie as senior vice president of engineering. In this role, Lie will oversee all engineering functions across Blue Bird's platforms to support the company's long-term growth strategy. Lie will be responsible for leading product development, platform engineering, innovation and execution. He will also manage the integration of engineering activities related to the Micro Bird acquisition. His previous senior engineering and technology leadership roles include positions at Volkswagen Group of America, Nikola Corporation, General Motors and TPI Composites.
Blue Bird Completes Acquisition of Girardin Group Stake
Blue Bird announced the successful completion of its previously announced acquisition of Girardin Group's stake in the Micro Bird joint venture, resulting in Blue Bird taking full ownership of the enterprise. The transaction, valued at approximately $200 million and funded through a combination of cash and Blue Bird common stock, marks a significant milestone in the company's strategy to streamline operations and expand its market reach. With the closing of the acquisition, Blue Bird fully consolidates its North American operations,. The integration, which is already underway, enhances the company's ability to deliver the broadest product portfolio in the industry, spanning Type A, C, and D school buses, as well as multi-purpose and commercial vehicles across diesel, gasoline, propane, and electric powertrains.
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