Blue Bird Corporation announced its fiscal 2025 fourth quarter and full-year financial results, with net sales of $1,480 million and GAAP net income of $128 million. Adjusted EBITDA reached $221 million with a 15% margin and 9,409 buses sold. The company reaffirmed its fiscal year 2026 Adjusted EBITDA guidance.
Blue Bird achieved all-time record revenue and profit for the quarter and year. Unit sales increased by 409 units, and revenue was up by $133 million, driven by higher volume, product mix, and pricing. The company delivered a remarkable Adj. EBITDA of $221 million / 15% for fiscal 2025, setting a new record.
The company reaffirmed its 2026 full-year financial guidance for revenues of $1.5 billion and Adjusted EBITDA of $220 million. Blue Bird aims for sustained profitable growth, marching towards $2 billion in revenue and a 16%+ Adjusted EBITDA margin.
Record Results
Blue Bird achieved all-time record revenue and profit for the quarter and year, with significant growth in unit sales and revenue.
Unit Sales Growth
Unit sales increased by 409 units compared to the previous year, showcasing the company's strong market presence.
Guidance Reaffirmed
The company reaffirmed its 2026 full-year financial guidance, aiming for continued growth and profitability in the future.
- The fourth quarter of fiscal 2025 saw a notable increase in net sales, driven by bus unit bookings, changes in customer/product mix, and price adjustments to tackle increased procurement costs due to tariffs. The company's gross profit and net income also showed substantial improvements compared to the previous year, reflecting Blue Bird's strong performance and market strategy.
- The company's focus on alternative-powered school buses resulted in a record 901 electric-powered bus deliveries in the fiscal year. With a firm order backlog of ~680 EV buses, Blue Bird is strategically positioned to meet its EV sales target for 2026, ensuring sustainable growth and market leadership.
Blue Bird Corporation's exceptional performance in fiscal 2025 underscores its position as a leader in electric and low-emission school buses. With record revenue, profit, and unit sales growth, coupled with a strong reaffirmation of future guidance, the company is poised for continued success and growth in the upcoming years.