Quarterly ResultAug 5, 2026, 04:23 PM
Blue Bird Q3 Net Income Soars to $185.3M on Micro Bird Acquisition
AI Summary
Blue Bird Corp. reported a significant increase in its third-quarter fiscal 2026 financial results, primarily driven by the acquisition of the remaining 50% of Micro Bird Holdings, Inc. This acquisition resulted in a substantial non-taxable gain, boosting net income to $185.3 million and diluted EPS to $5.27. The company also saw strong growth in net sales, reaching $517.2 million, and repaid Micro Bird's outstanding debt of $129.6 million.
Key Highlights
- Acquired remaining 50% of Micro Bird Holdings, Inc. on April 1, 2026.
- Reported Q3 fiscal 2026 net income of $185.3 million, up from $36.5 million YoY.
- Diluted EPS for Q3 fiscal 2026 was $5.27, compared to $1.12 YoY.
- Net sales for Q3 fiscal 2026 increased to $517.2 million from $398.0 million YoY.
- Recognized a $160.5 million non-taxable gain from the Micro Bird acquisition.
- Repaid Micro Bird's outstanding debt of $129.6 million using existing cash.
- Bus segment net sales for Q3 fiscal 2026 were $491.7 million, up from $372.2 million YoY.
- Total assets increased to $1.17 billion as of June 27, 2026, from $625.3 million.
Price Impact
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