Blue Bird Corporation (BLBD) Misses Q3 EPS by 4c, Offers Guidance

Blue Bird Corporation (NASDAQ: BLBD) reported Q3 EPS of ($0.09), $0.04 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $206.1 million versus the consensus estimate of $205.75 million.

GUIDANCE:

Blue Bird Corporation sees FY2022 revenue of $750-800 million, versus the consensus of $814.6 million.

• "We delivered strong improvement in our results in the third quarter, in-line-with our plan communicated during our previous earnings call. Margins are on track and improving, and aggressive cost control measures are in place. Despite these improvements, as we look ahead to Q4, production levels are still constrained by supply chain disruptions, and a recent temporary but critical supply shortage is limiting our EV production,” said Razvan Radulescu, CFO of Blue Bird Corporation. “With the supply-constraint lower volumes, combined with the EV semiconductor part shortage, we are revising our guidance for fiscal 2022 to Net Revenue of $750-800M, Adj. EBITDA of $5-15M and Adj. Free Cash Flow of $(45)-(35)M, with the Free Cash Flow being driven by peaked inventory levels at the end of Q3.”

For earnings history and earnings-related data on Blue Bird Corporation (BLBD) click here.

You May Also Be Interested In

• O'Reilly Automotive (ORLY) Misses Q1 EPS by 7c, Offers Guidance
• First Bancshares (FBMS) Tops Q1 EPS by 6c
• Meritage Homes Corporation (MTH) Tops Q1 EPS by 151c; offers guidance