Blue Bird: Profitability Meets State-Supported E-Bus Boom

The Q2 report from May 5 indicates a strong profitable business development for Blue Bird Corp. (BLBD). Revenue amounted to $352.6 million, reflecting a slight decrease of 1.7% year-over-year. This minor difference primarily results from fewer production days and a corresponding slight decline in the sale of 2,148 buses. Nevertheless, the company significantly exceeded market estimates for adjusted EPS, at $1.00. Particularly noteworthy is the adjusted EBITDA of $51 million with a robust margin of 14.4%. At the same time, the gross margin increased...