Blue Bird Corporation (NASDAQ: BLBD) reported Q2 EPS of ($0.31), $0.21 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $207.7 million versus the consensus estimate of $150.65 million.

GUIDANCE:

Blue Bird Corporation sees 2022 revenue of $800-900 million, versus the consensus of $751 million.

• “The previously anticipated recovery in the supply base in the second half of the fiscal year has been delayed due primarily to Russia’s war in Ukraine and to COVID-related lockdowns in China,” said Razvan Radulescu, CFO of Blue Bird Corporation. “We still expect to see gradual relief beginning in fiscal Q4 as fully-priced orders begin to be delivered, however it is unclear how the supply disruptions will trend. Given what we have seen in the recent months, we are revising our guidance for fiscal 2022 to Net Revenue of $800-900M, Adj. EBITDA of $20-30M and Adj. Free Cash Flow of $15-25M.”

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