Blue Bird Q1 adjusted EPS beats estimates

Overview

• School bus maker's fiscal Q1 revenue rose 6.1% yr/yr, driven by pricing actions

• Adjusted EPS for fiscal Q1 beat analyst expectations

• Adjusted EBITDA reached $50 mln, setting a new first-quarter record

Outlook

• Blue Bird raises FY2026 Adjusted EBITDA guidance to $225 mln

• Company maintains FY2026 net revenue guidance at ~$1.5 bln

• Blue Bird reiterates long-term outlook for 16%+ Adjusted EBITDA margin on $2 bln revenue

Result Drivers

• PRICING ACTIONS - Revenue increase driven by pricing actions to offset tariff-related cost increases

• ELECTRIC BUS SALES - Significant sales of electric buses contributed to performance

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

• Wall Street's median 12-month price target for Blue Bird Corp is $66.00, about 25.9% above its February 3 closing price of $52.44

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw8GxFtVa

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