Blue Bird Reports Fiscal 2020 Fourth Quarter and Full Year Results; Strong Fourth Quarter At or Above Guidance; Focused on Margin Growth and Industry Recovery; Guidance Range Provided for Fiscal 2021

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Go back to Blue Bird Reports Fiscal 2020 Fourth Quarter and Full Year Results; Strong Fourth Quarter At or Above Guidance; Focused on Margin Growth and Industry Recovery; Guidance Range Provided for Fiscal 2021

Blue Bird Corporation (BLBD) Tops Q4 EPS by 14c, Revenues Beat; Offers FY21 Revenue Outlook

December 16, 2020 4:09 PM EST

Blue Bird Corporation (NASDAQ: BLBD) reported Q4 EPS of $0.49, $0.14 better than the analyst estimate of $0.35. Revenue for the quarter came in at $281.4 million versus the consensus estimate of $255.55 million.

The second half of fiscal 2020 was challenging for Blue Bird as operations were significantly impacted by COVID-19," said Phil Horlock, President and Chief Executive Officer of Blue Bird Corporation. School shutdowns delayed orders and supplier disruptions impacted our efficiencies. Through the fourth quarter, however, we saw significant stabilization in our supply base and manufacturing processes.

"While working through these challenges, I am very... More