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…
Earnings analysis · 10-Q
BLBD earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.0
- Segment
- Bus Segment: $325.1M, Parts Segment: $27.5M
What stood out
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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.
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EPS Beat Expectations
Diluted EPS for the quarter was reported at $1.00, surpassing estimates of $0.87.
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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.
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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.
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Operating Profit Growth
Operating profit increased to $39.1 million in Q2 2026 from $33.7 million in Q2 2025.
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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.
What to watch
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Supply Chain Disruptions
Continued supply chain constraints are anticipated to impact production, with limitations on inventory availability.
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Rising Procurement Costs
Increased costs due to inflationary pressures and tariffs could adversely affect operating results if not mitigated.
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Uncertain Market Demand
A temporary slowdown in bus orders was reported, influenced by tariff pricing uncertainties affecting customer purchasing decisions.
Management's outlook
Full-year revenue guidance raised to ~$1.75 billion driven by strong demand and operational improvements.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.