Quarterly ResultMay 6, 2026, 04:26 PM
Blue Bird Q2 Net Income $29.3M, Adj. EBITDA $51M; Raises FY26 Guidance
AI Summary
Blue Bird Corporation announced its fiscal 2026 second-quarter financial results, reporting a GAAP net income of $29.3 million and a record Adjusted EBITDA of $50.8 million. Despite a slight decrease in net sales due to fewer production days, the company achieved strong profitability, supported by price increases and the integration of the Micro Bird acquisition. Based on robust first-half performance and the acquisition, Blue Bird raised its full-year 2026 Adjusted EBITDA guidance to approximately $245 million and its long-term Adjusted EBITDA margin outlook to 15%+.
Key Highlights
- Q2 GAAP Net Income was $29.3 million, an increase of $3.3 million year-over-year.
- Q2 Adjusted EBITDA reached $50.8 million, up $1.6 million year-over-year, with a 14.4% margin.
- Q2 Net Sales were $352.6 million, a 1.7% decrease year-over-year, with 2,148 buses sold.
- Year-to-date Net Sales increased 1.9% to $685.7 million.
- Year-to-date Adjusted EBITDA was $100.9 million, up $5.9 million year-over-year, with a 14.7% margin.
- Raised full-year 2026 Adjusted EBITDA guidance to approximately $245 million.
- Raised full-year 2026 Net Revenue guidance to approximately $1.75 billion.
- Over 900 electric-powered buses are in the firm order backlog.