Blue Bird Corporation has released its fiscal 2025 second quarter results, reporting net sales of $359 million and a GAAP net income of $26 million. The company achieved an Adjusted EBITDA of $49 million with a 14% margin, while selling 2,295 buses during the quarter. This performance has allowed Blue Bird to reaffirm its full-year 2025 guidance, projecting net revenue between $1.4 billion and $1.5 billion, with an Adjusted EBITDA target of $200 million or 14% of revenue. The corporation highlighted a record delivery of 265 electric-powered buses in the quarter, contributing to a strong position with over 1,100 electric vehicles sold or in the firm order backlog. This supports Blue Bird's EV sales target for 2025. The company's unit sales were slightly above the same period last year, with revenue increasing by $12.9 million, largely driven by product mix and pricing. The order backlog at the end of the second quarter stood at approximately 4,900 units. With 88% of second quarter unit sales comprising internal combustion engine buses, Blue Bird demonstrated strong earnings power from its core business. The company remains positive about future growth, maintaining the full-year guidance and long-term outlook.
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