Blue Bird Fiscal 2020 Third Quarter Results Significantly Impacted by COVID-19; Focused on Margin Growth
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Blue Bird Corporation (BLBD) Misses Q3 EPS by 5c, Revenues Miss; 'Results Significantly Impacted by COVID-19'
August 12, 2020 4:02 PM EDTBlue Bird Corporation (NASDAQ: BLBD) reported Q3 EPS of $0.16, $0.05 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $189.2 million versus the consensus estimate of $226.2 million.
Net Sales of $189.2M, down 39% from prior yearBus average selling price up 9%GAAP net income of $1.3M, down $13.3MGAAP Diluted EPS of 5 cents, down 50 centsAdjusted EBITDA of $12.5M, down $16.6MThe third quarter was a challenge as operations were significantly impacted by COVID-19," said Phil Horlock, President and Chief Executive Officer of Blue Bird Corporation. School shutdowns and... More
