Blue Bird Corporation (BLBD) Reports In-Line Q2 EPS, Revenues Miss
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Blue Bird Delivers Strong Fiscal 2019 Second Quarter Results; Profitability Improving
May 9, 2019 4:00 PM EDT
GAAP net loss $(0.7) million,
GAAP Diluted EPS of $(0.03)
Adjusted
EBITDA of $12.2 million, up $2.2 million from prior year
Adjusted
Diluted EPS of $0.15, same as prior year
FY2019 Guidance
Reaffirmed
MACON, Ga.--(BUSINESS WIRE)-- Blue Bird Corporation (Blue Bird) (Nasdaq: BLBD), the leading independent designer and manufacturer of school buses, announced today its fiscal 2019 second quarter results. Compared with prior year, Blue Bird improved Adjusted EBITDA by $2.2 million, or 22%, in the quarter to $12.2 million, despite higher commodity costs and lower volume. Diluted EPS was slightly lower than last year, down 7 cents. Adjusted Diluted EPS was the same as last year.
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