BLBD earnings analysis
What we found in BLBD's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Blue Bird Corporation achieved robust Q2 2026 financial results, with revenue of $352.6 million and EPS of $1.00, surpassing analyst expectations. The company raised its full-year revenue guidance to approximately $1.75 billion, reflecting strong operational performance despite ongoing challenges from supply chains and procurement costs.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Surpassed Estimates
- Reported revenue for Q2 2026 was $352.6 million, exceeding estimates of $336.6 million, reflecting a 1.7% decrease from $358.9 million in Q2 2025.
- EPS Beat Expectations
- Diluted EPS for the quarter was reported at $1.00, surpassing estimates of $0.87.
- Increased Free Cash Flow
- Free cash flow for the six months ended March 28, 2026, was $71.0 million, a significant increase of $30.5 million from $40.6 million in the same period last year.
- Adjusted EBITDA Improvement
- Q2 2026 adjusted EBITDA reached $50.8 million, or 14.4% of net sales, up from $49.2 million (13.7%) in Q2 2025.
- Operating Profit Growth
- Operating profit increased to $39.1 million in Q2 2026 from $33.7 million in Q2 2025.
- Cash Position Strengthened
- Cash and cash equivalents at the end of Q2 2026 rose to $275.9 million, compared to $130.7 million at the end of Q2 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Supply Chain Disruptions
- Continued supply chain constraints are anticipated to impact production, with limitations on inventory availability.
- Rising Procurement Costs
- Increased costs due to inflationary pressures and tariffs could adversely affect operating results if not mitigated.
- Uncertain Market Demand
- A temporary slowdown in bus orders was reported, influenced by tariff pricing uncertainties affecting customer purchasing decisions.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.0
- Gross margin
- 19.7%
- Operating margin
- 11.1%
- Segment
- Bus Segment: $325.1M, Parts Segment: $27.5M
What they said about what is next.
Full-year revenue guidance raised to ~$1.75 billion driven by strong demand and operational improvements.
The filing reads better than the one before it.
What came before.
- 10-Q · February 4, 2026
- Blue Bird reported Q1 net sales of $333.084 million, up $19.212 million (+6.1%) versus the prior-year quarter, with gross margin expanding to 21.4% and diluted EPS of $0.94. Operating cash flow strengthened to $36.579…
- 10-Q · February 5, 2025
- Blue Bird posted revenue of $313,872,000 and diluted EPS of $0.86 for the quarter ended December 28, 2024. Operating profit was $33,042,000 (10.5% margin) and operating cash flow improved materially to $26,410,000,…
- 10-Q · May 8, 2024
- Blue Bird beat expectations with net sales of $345,915,000 and diluted EPS of $0.79 for the quarter ended March 30, 2024, driven by higher volume and margin recovery. Gross profit improved to $63,639,000 (18.4% of…
- 10-Q · February 7, 2024
- Blue Bird reported a strong quarter: net sales of $317,660 (thousands) vs $235,732 (three months ended December 31, 2022), turning a prior-year loss into net income of $26,150 and diluted EPS of $0.81. Gross profit rose…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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