Blue Bird raises FY24 revenue view to $1.275B-$1.315B, consensus $1.25B

Prior guidance was $1.15B-$1.25B. “We are very pleased with the second quarter results, with the highest ever second quarter Adj. EBITDA,” said Razvan Radulescu, CFO of Blue Bird Corporation. “Our business transformation continues to yield great results, and ahead of plan. With better line-of-sight into the balance of 2024, we are raising our full-year guidance for Net Revenue to $1.275-1.325 Billion, Adj. EBITDA to $145-165 million (11.5% – 12.5% margin) and Adj. Free Cash Flow to $70-80 million. Additionally, we are raising our long-term profit outlook towards an Adjusted EBITDA margin of 14%+ on ~$2 billion in revenues.”