Blue Bird Corporation (BLBD) reported a strong fiscal Q2 2026, achieving record profitability despite a slight dip in bus unit sales, selling 2,148 buses compared to last year. Total revenue reached $353 million, down $6 million year-over-year, but adjusted EBITDA hit a record $51 million, reflecting improved margins. The company’s electric vehicle (EV) sales accounted for nearly 10% of total units, with a backlog of approximately 3,600 units, including over 900 EVs, indicating robust demand in a recovering market.
These results are significant as they highlight Blue Bird’s strategic positioning amid supply chain challenges and tariff impacts. The company’s disciplined pricing strategy and focus on alternative powertrains have allowed it to maintain strong gross margins, with adjusted net income reaching $32.5 million. Furthermore, Blue Bird raised its full-year revenue guidance to between $1.725 billion and $1.775 billion, bolstered by the recent acquisition of MicroBird, which expands its addressable market and enhances growth potential.
Investors should note Blue Bird’s strong liquidity position of $418 million and its commitment to innovation in the EV sector, which could position the company favorably as the market for electric school buses continues to evolve.
Source: fool.com