Blue Bird Corporation (BLBD) Tops Q3 EPS by 26c; Tightens Revenue Guidance

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Go back to Blue Bird Corporation (BLBD) Tops Q3 EPS by 26c; Tightens Revenue Guidance

Solid Blue Bird Fiscal 2018 Third Quarter Performance Impacted by Commodities Headwind; Actions Taken to Address Headwinds in Fourth Quarter and Beyond; $50 Million Stock Repurchase Tender Offer Appro

August 8, 2018 4:00 PM EDT

GAAP net income of $21.9 million, up $1.9 million, Adjusted EBITDA of $23.7 million, Adjusted Diluted EPS of $0.91 and Adjusted Free Cash Flow of $35.7 million

MACON, Ga.--(BUSINESS WIRE)-- Blue Bird Corporation (Blue Bird) (Nasdaq: BLBD), the leading independent designer and manufacturer of school buses, announced today its fiscal 2018 third quarter results. Blue Bird Corporation delivered higher net income, up 9.3% from prior year as well as solid Adjusted EBITDA of $23.7 million. Strong earnings were delivered despite higher commodity costs.

Highlights

(in millions except EPS data)    

Three Months EndedJune 30, 2018

   

B/(W)2017

   

Nine Months EndedJune 30, 2018

   

B/(W)2017

Unit Sales 3,746    ... More