Blue Bird Corp

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.

Blue Bird Corporation reported strong fiscal 2026 third-quarter results, with net sales increasing to $517.2 million and GAAP net income reaching $185.3 million. The company also raised its full-year 2026 Adjusted EBITDA guidance to approximately $247 million. Additionally, Blue Bird announced a significant collaboration agreement with Ford Motor Company to design and manufacture the next-generation F53/59 commercial stripped chassis and will acquire the assets of Detroit Chassis LLC's Detroit Plant, further raising its long-term Adjusted EBITDA outlook to over $500 million by 2030+.

Blue Bird Corporation will acquire assets from Detroit Chassis LLC for $7 million and enter a Master Collaboration Agreement with Ford Motor Company. This partnership will see Blue Bird assume responsibility for the design, manufacturing, and sales of the next-generation F-53 and F-59 commercial stripped chassis, utilizing Ford powertrains. The deal, expected to close in Q1 2027, involves an estimated $90 million investment in 2027 and is projected to generate over $600 million in mid-term revenue and 12%+ EBITDA from 10,000+ units annually.

Blue Bird Body Company, a wholly-owned subsidiary of Blue Bird Corporation, entered into an agreement with Pacific Life Insurance Company to transfer future benefit obligations and annuity administration for 2,044 Plan participants. This involves purchasing group annuity contracts and follows approximately $13 million in lump-sum payments made in April 2026. The remaining $94 million in Plan liabilities will be settled through these contracts, with all transactions funded entirely by Plan assets. The company anticipates recognizing a material non-cash pension settlement charge in its third fiscal quarter, and the Plan will terminate after these transfers.

Blue Bird Corp reported strong financial results for the six months ended March 28, 2026, with net income increasing by 9.7% and diluted EPS by 11.5%. The company also announced a significant strategic move, completing the acquisition of the remaining 50% equity interest in Micro Bird Holdings, Inc. on April 1, 2026, which will lead to full consolidation of Micro Bird's financials in the third quarter of fiscal 2026.

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%+.