Q4 2025 Blue Bird Corp Earnings Call Transcript
Key Points
- Blue Bird Corp (BLBD) delivered record sales and adjusted EBITDA for fiscal 2025, beating guidance on all metrics.
- The company sold 9,409 buses in 2025, generating $1.48 billion in revenue, which is $133 million ahead of the previous year.
- EV sales were strong, with 901 electric vehicles sold, representing 9.6% of total volume, and the company remains optimistic about future EV demand.
- Adjusted EBITDA for the year was $221 million, a $38 million improvement over the previous year, with a 15% margin.
- The company has a strong cash position, ending the year with $229 million in cash and a record $371 million in liquidity.
- The backlog at the end of Q4 softened to just over 3,000 units due to pricing uncertainty driven by tariffs.
- Tariff volatility continues to create pricing uncertainty, impacting the overall market and potentially affecting future orders.
- The fiscal fourth quarter is typically the lightest order period, which contributed to the reduced backlog.
- Parts revenue for the quarter was slightly down year over year at $25 million.
- The company faces headwinds from unpredictable tariffs, material costs, and inflation pressures, which could impact future profitability.
Good afternoon and thank you for attending today's Blue Bird fiscal 2025 fourth-quarter and full-year earnings call. My name is Jayla, and I'll be a moderator for today. (Operator Instructions)
At this time, I'd like to pass the conference over to our host, Mark Benfield. Please proceed.
Thank you and welcome to Blue Bird's fiscal 2025 fourth-quarter earning conference call. The audio for our call is webcast live on blue-bird.com under the Investor Relations tab. You can access the supporting slides on our website by clicking on the Presentations box on the IR landing page.
Our comments today include forward-looking statements that are subject to risk that could cause actual results to be materially different. Those risks include, among others, matters we have noted on the following two slides in our filings with SEC. Blue Bird disclaims any obligation to update the information in this call. This afternoon you will hear from Blue Bird's President and CEO, John Wyskiel; and CFO, Razvan
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
