Blue Bird Profits Soar with Demand for School Buses

Thursday, 9 May 2024, 19:28

Blue Bird (NASDAQ: BLBD) experiences a 26% surge in its stock price following a successful earnings report fueled by increased demand for school buses. The nearly 100-year-old company outperformed Wall Street's forecasts and raised its revenue guidance for the full year due to operational improvements and growth in alternative-powered buses.
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Blue Bird Profits Soar with Demand for School Buses

Blue Bird Stock Surge

The company is profiting on demand for school buses. Blue Bird (NASDAQ: BLBD) is making more money selling school buses than expected, and investors are taking notice. Shares of the transportation company surged 26% Thursday after a strong earnings report.

Blue Bird's Financial Performance

  • Revenue Growth: Revenue was up 15% year-over-year to $345.9 million.
  • Net Income Increase: Net income surged 37% to $26 million despite selling fewer units.
  • CEO Statement: CEO Phil Horlock praises the company's operational improvements and growth strategies.

Is Blue Bird stock a buy after its strong report? Blue Bird shows promising signs of operational efficiency and growth potential, supported by a backlog of orders and proactive measures in alternative-powered buses. The company's performance indicates a positive trajectory for investors.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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