Blue Bird Corporation·Consumer Cyclical

Blue Bird's latest 11% drop makes it a bargain, in my opinion, given that the termination of the pension plan has zero impact on its cash balance and adjusted EBITDA. Blue Bird's Q2 results highlighted its operational excellence as its margins expanded YoY despite selling fewer units and diesel buses representing a majority of its sales mix. The TAM expansion brought by fully acquiring Micro Bird could help Blue Bird maintain its growth trajectory in case school bus replacement activity slows down in the early 2030s.

On May 19, 2026, Blue Bird Corp (BLBD) shares fell 11.1% to a current price of $64.68. This decline comes amid a 52-week trading range of $37.68 to $81.51, high

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Blue Bird acquired the remaining 50% of Micro Bird for $201.8M, implying 10.7x FY2026 forecast EBITDA, which is below the 12.3x sector median. The FY2026 EBITDA guidance raise of 8.9% is largely inorganic, while the organic raise is only 2.2%. Management has beaten guidance for 14 consecutive quarters, supporting credibility of midterm EBITDA targets.

Blue Bird Corporation (BLBD) Q2 2026 Earnings Call Transcript

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2026 second quarter financial results. Highlights (in millions except Unit Sales and EPS data) Three Months Ended March 28, 2026 B/(W) Prior Year Six Months Ended March 28, 2026 B/(W) Prior Year Unit Sales 2,148 (147 ) 4,283 (142 ) GAAP Measures: Revenue $ 352.6 $ (6.2 ) $ 685.7 $ 13.0 Net Inco.
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses. Blue Bird Corporation sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments; and maintains a parts distribution center. Blue Bird Corporation was formerly known as Hennessy Capital Acquisition Corp. The company was founded in 1927 and is headquartered in Macon, Georgia.
Consumer Cyclical
Auto - Manufacturers
1,945
2014-03-20
1.37