Blue Bird Announces FY2024 Preliminary Unit Sales And Revenue; 9,000 Buses Sold; Record Net Sales Revenue Of $1.35B; Record EV Sales Of 704 Buses

Benzinga · 10/25 13:04

Fiscal Year Unit Sales up 6%; Record Net Revenue, up 19%

Blue Bird Corporation (NASDAQ:BLBD), the leader in electric and low-emission school buses, announced select preliminary full-year, unaudited results for fiscal 2024.

Select Preliminary Full-Year 2024 Results:

  • 9,000 buses sold
  • Record net sales revenue of $1.35B
  • Record EV sales of 704 buses

Blue Bird sold 9,000 buses in fiscal 2024, up 6% and almost 500 units over prior year, reflecting the top end of guidance. Record sales revenue of $1.35B, was up 19% compared with prior year, and above guidance. Record electric vehicle sales of 704 buses was a significant 29% increase over last year.

Strong new order intake continued, yielding a fiscal year-end total backlog of more than 4,800 units, worth around $735M in revenue, up 10% from last year. EV backlog grew to a record level of nearly 630 buses, worth approximately $200M, driven largely by the ramp in orders from rounds 2 and 3 of the EPA's Clean School Bus program, as expected.