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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): October 25, 2024
 
 
BLUE BIRD CORPORATION
(Exact name of registrant as specified in its charter)
 
 
 
Delaware 001-36267 46-3891989
(State or Other Jurisdiction of
Incorporation)		 (Commission File Number) (IRS Employer
Identification No.)
 
3920 Arkwright Road
2nd Floor
Macon, Georgia 31210

(Address of principal executive offices and zip code)
(478) 822-2801

(Registrant's telephone number including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.0001 par valueBLBDNASDAQ Global Market


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


ITEM 2.02        RESULTS OF OPERATIONS AND FINANCIAL CONDITION

In accordance with General Instruction B.2. to Form 8-K, the following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

The information regarding the results of operations and financial condition of Blue Bird Corporation (the “Company”) responsive to this Item 2.02, and contained in Exhibit 99.1 filed herewith, is incorporated into this Item 2.02 by reference.

ITEM 7.01        REGULATION FD DISCLOSURE

In accordance with General Instruction B.2. to Form 8-K, the following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

The Company, which is the leading independent designer and manufacturer of school buses, will present via live web cast its fiscal 2024 fourth quarter and full year financial results on November 25, 2024. Speakers on the web cast will include: Philip Horlock, Chief Executive Officer; Razvan Radulescu, Chief Financial Officer; and other company leaders.

The webcast can be accessed through a link on the investor relations page of Company’s web site at http://blue-bird.com. The web cast will be available for replay at the same address approximately three hours following its conclusion, and will remain available for a period of at least 12 months.

ITEM 9.01        FINANCIAL STATEMENTS AND EXHIBITS
(d)     Exhibits

Exhibit No.     Description

99.1        Press release of the Company, dated October 25, 2024.

104        Cover Page Interactive Data File (embedded within the Inline XBRL document)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
                    
                                    
Blue Bird Corporation
Dated:October 25, 2024/s/ Ted M. Scartz
Ted M. Scartz
Senior VP and General Counsel


Exhibit Index


 
Exhibit No.        Description
99.1            Press release of the Company, dated October 25, 2024.



capturea20.jpg
PRESS RELEASE

Blue Bird Announces FY2024
Preliminary Unit Sales and Revenue
Fiscal Year Unit Sales up 6%; Record Net Revenue, up 19%


MACON, Ga. (October 25, 2024) – Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced select preliminary full-year, unaudited results for fiscal 2024.

Select Preliminary Full-Year 2024 Results:
•9,000 buses sold
•Record net sales revenue of $1.35B
•Record EV sales of 704 buses

Blue Bird sold 9,000 buses in fiscal 2024, up 6% and almost 500 units over prior year, reflecting the top end of guidance. Record sales revenue of $1.35B, was up 19% compared with prior year, and above guidance. Record electric vehicle sales of 704 buses was a significant 29% increase over last year.

Strong new order intake continued, yielding a fiscal year-end total backlog of more than 4,800 units, worth around $735M in revenue, up 10% from last year. EV backlog grew to a record level of nearly 630 buses, worth approximately $200M, driven largely by the ramp in orders from rounds 2 and 3 of the EPA’s Clean School Bus program, as expected.

“We are very pleased with our strong year-end performance resulting from the hard work by our team,” said Blue Bird’s President and CEO, Phil Horlock. “We are looking forward to discussing our full year 2024 results and fiscal 2025 outlook in our next earnings call on November 25, 2024”.

About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most
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precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com.


Blue Bird Investor Contact
Mark Benfield
Investor Relations
M: +1.478.822.2315
Mark.Benfield@blue-bird.com
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v3.24.3
Cover Page Document
Oct. 25, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Oct. 25, 2024
Entity Registrant Name BLUE BIRD CORPORATION
Entity Incorporation, State or Country Code DE
Entity File Number 001-36267
Entity Tax Identification Number 46-3891989
Entity Address, Address Line One 3920 Arkwright Road
Entity Address, Address Line Two 2nd Floor
Entity Address, City or Town Macon
Entity Address, State or Province GA
Entity Address, Postal Zip Code 31210
City Area Code 478
Local Phone Number 822-2801
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(g) Security Common stock, $0.0001 par value
Trading Symbol BLBD
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0001589526
Amendment Flag false
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