Blue Bird(NASDAQ) BLBD

Blue Bird Corporation makes buses that carry students to school. These vehicles help children travel safely to their classrooms every day. The company builds buses powered by electricity, propane, and gas.

Moving Students Safely

• School Bus Segment: Designs and builds various bus models for transporting students to and from school.
• Alternative Fuel Solutions: Produces buses powered by propane, gasoline, compressed natural gas, and electricity.
• Maintenance and Parts: Sells replacement components and extended warranties to support existing bus fleets.
• Micro Bird Division: Manufactures small and mid-sized commercial buses and smaller school buses through a specialized division.

Strategic Deals and Expansion

• Completed the acquisition of the remaining 50% of Micro Bird on April 1, 2026.
• Started production of commercial buses at a new facility in Plattsburgh, New York, in September 2025.
• Grew the order backlog to 3,570 large buses and 1,290 small buses by June 27, 2026.
• Secured orders for 780 electric powered units across all bus types as of June 2026.

What Sets the Company Apart?

The company is the only manufacturer in the United States that builds bus bodies and chassis specifically for schools. It uses a network of exclusive dealers to sell products across North America.

A Look at the Numbers

The metrics below include adjusted EBITDA, which shows earnings before interest, taxes, and other specific costs.

• Net sales were $517.2 million in the third quarter of fiscal 2026, up 29.9% year over year.
• Net income was $185.3 million in the third quarter of fiscal 2026.
• Adjusted EBITDA hit $172.3 million for the nine months ended June 27, 2026, up 12.3% year over year.
• Free cash flow was $92.7 million for the nine months ended June 27, 2026.

Evolution of the School Bus

Blue Bird has transitioned from traditional manufacturing to a leader in alternative fuel vehicles. The company uses its specialized engineering to meet the changing needs of school transportation.