Sarah Patel's Avatar
published in Blogs
Dec 14, 2022
Blue Bird (BLBD, $9.39) posts Q4 loss

Blue Bird (BLBD, $9.39) posts Q4 loss

Blue Bird incurred a net loss of -$23.1 million, or -72 cents a share, for the three months ended Oct. widening from the year-ago quarter’s loss of -$2.4 million, or -9 cents a share.

Excluding one-time items, the loss per share was -66 cents, compared to analysts ‘ expectations of -5 cents loss a share (based on Factset poll). Revenue surged +34% year-over-year to $257.7 million, as bus sales grew $60.6 million on the back of a +28% increase in average sales price per unit.

For the full-year,  Blue Bird  has projected revenue between $900 million and $1 billion, compared to analysts’ forecasts of  $999.6 million. (according to FactSet).

Related Tickers: BLBD