Blue Bird Sees FY25 Revenue $1.4B-$1.5B Vs $1.46B Est.; Raising Long-Term Profit Outlook Towards An Adjusted EBITDA Margin Of 15%+ On ~$2B In Revenue

FY2025 Guidance Increased and Long-Term Outlook Raised

"We are very pleased with the fiscal 2024 results, with the highest ever Revenue, Adj. EBITDA and Net Income," said Razvan Radulescu, CFO of Blue Bird Corporation. "Our business transformation continues to yield great results, and ahead of the plan we have been messaging. We are updating our fiscal 2025 full-year guidance for Net Revenue to $1.4 -1.5 Billion, Adj. EBITDA to $190-210 million (13.6% - 14.0% margin) and Adj. Free Cash Flow to $40-60 million, which includes ~$50 million of extraordinary CAPEX related to expansion of our manufacturing footprint. Additionally, we are raising our long-term profit outlook towards an Adjusted EBITDA margin of 15%+ on ~$2 billion in Revenue."