Blue Bird's stock surged 8.17% in after-hours trading following the release of its fiscal first quarter 2026 results, which significantly exceeded analyst expectations.

The school bus manufacturer reported adjusted earnings per share of $1.00, beating the consensus estimate of $0.82 by 22.55%. Quarterly sales reached $333.084 million, surpassing expectations of $325.735 million. The company also reported adjusted EBITDA of $50.1 million, representing a 9.4% year-over-year increase and setting a new first-quarter record.

Adding to the positive sentiment, Blue Bird raised its full-year 2026 adjusted EBITDA guidance to $225 million while reaffirming its net revenue guidance of approximately $1.5 billion. The company also reiterated its long-term outlook targeting an adjusted EBITDA margin of 16%+ on about $2 billion in revenue, with significant electric bus sales contributing to the strong performance.