Blue Bird Corp (BLBD)
Blue Bird Corporation specializes in the design, engineering, production, and distribution of school buses and related components. The company serves customers across the United States, Canada, and international markets, structured into two primary divisions: Bus and Parts. Its product lineup includes Type C, Type D, and various specialty buses, alongside a strong emphasis on alternative fuel solutions such as propane, gasoline, compressed natural gas, and electric-powered vehicles. Blue Bird markets its offerings through an extensive dealer network, in addition to direct sales to fleet operators and both federal and state government entities. A centralized parts distribution center supports its logistical needs. Founded in 1927 and headquartered in Macon, Georgia, the company was previously known as Hennessy Capital Acquisition Corp.
Sector: Truck & Bus Bodies
Industry: Auto - Manufacturers
Blue Bird Corporation
NASDAQ:BLBDConsumer Cyclical · Auto - Manufacturers
+1.76%$57.73
AH Close$57.73+0.00%vs close
AH Close$57.73+0.00%vs close
Mkt Cap$1.97B
Float31.32M
O/S34.05M
Inst Own95.1%
SI14.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.48B
Net Income$127.72M
Total Assets$625.25M
Free Cash Flow$153.34M
Debt & Equity
Debt 26%
Equity 74%
Total Debt$90.32M
Total Equity$255.41M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BLBD's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$625.25M
Liabilities$369.84M
Accounts Receivable$20.65M
Accounts Payable$151.48M
Inventory$139.47M
PP&E (Net)$108.54M
Goodwill$18.82M
Intangible Assets$41.69M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-27 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 |
| Revenue | $1.48B | $1.35B | $1.13B | $800.64M | $684M | $879.22M | $1.02B | $1.02B | $990.6M | $932.01M | $919.13M | $855.74M | $776.56M | $598.33M |
| YoY Growth | 9.9% | 18.9% | 41.5% | 17.1% | -22.2% | -13.7% | -0.6% | 3.5% | 6.3% | 1.4% | 7.4% | 10.2% | 29.8% | - |
| Cost of Revenue | $1.18B | $1.09B | $993.94M | $764.09M | $611.85M | $783.02M | $885.4M | $902.99M | $863.23M | $802.65M | $798.73M | $746.36M | $684.11M | $541.97M |
| Gross Profit | $303.51M | $256.16M | $138.85M | $36.55M | $72.14M | $96.2M | $133.47M | $121.99M | $127.37M | $129.36M | $120.39M | $109.37M | $92.45M | $56.36M |
| Gross Margin | 20.5% | 19.0% | 12.3% | 4.6% | 10.5% | 10.9% | 13.1% | 11.9% | 12.9% | 13.9% | 13.1% | 12.8% | 11.9% | 9.4% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.7M | $3.6M | $3.3M |
| Selling, General, and Administrative | $136.35M | $116.83M | $87.19M | $77.25M | $65.62M | $74.21M | $89.64M | $86.91M | $67.84M | $102.71M | $84.56M | $3.88M | $61.73M | $56.73M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $136.35M | $116.83M | $87.19M | $77.25M | $65.62M | $74.21M | $89.64M | $86.91M | $67.84M | $102.71M | $84.56M | $3.88M | $63.47M | $56.28M |
| Operating Income (EBIT) | $167.17M | $139.33M | $51.66M | -$40.7M | $6.52M | $21.99M | $43.83M | $35.08M | $59.53M | $26.64M | $35.83M | -$3.88M | $27.12M | -$369K |
| Operating Margin | 11.3% | 10.3% | 4.6% | -5.1% | 1.0% | 2.5% | 4.3% | 3.4% | 6.0% | 2.9% | 3.9% | -0.5% | 3.5% | -0.1% |
| Interest Expense | $7.2M | $10.58M | $18.01M | $14.68M | $9.68M | $12.25M | $12.88M | $6.66M | $7.25M | $16.41M | $19.08M | $6.05M | $0 | $0 |
| Interest Income | $6.19M | $4.14M | $1M | $9K | $4K | $11K | $9K | $70K | $140K | $133K | $113K | $0 | $0 | $2.32M |
| Other Income (Expense) | $4.48M | -$556K | -$18.89M | -$16.51M | -$8M | -$8.29M | -$11.96M | -$6.88M | -$18.88M | -$13.94M | -$16.33M | -$1.79M | -$294K | -$1.87M |
| Income Before Tax (EBT) | $171.65M | $138.78M | $32.77M | -$57.21M | -$1.48M | $13.7M | $31.87M | $28.2M | $40.66M | $12.7M | $19.5M | -$5.67M | $26.82M | -$2.24M |
| Income Tax Expense | $43.93M | $33.23M | $8.95M | -$11.45M | -$1.19M | $1.52M | $7.57M | -$2.62M | $11.86M | $5.8M | $4.44M | -$24K | -$27.54M | $429K |
| Net Income | $127.72M | $105.55M | $23.81M | -$45.76M | -$289K | $12.19M | $24.3M | $30.82M | $28.8M | $6.9M | $14.93M | -$3.86M | $54.37M | -$2.67M |
| Net Income Margin | 8.6% | 7.8% | 2.1% | -5.7% | -0.0% | 1.4% | 2.4% | 3.0% | 2.9% | 0.7% | 1.6% | -0.5% | 7.0% | -0.4% |
| Supplementary Data | ||||||||||||||
| EPS | 4.01 | 3.27 | 0.74 | -1.34 | -0.03 | 0.33 | 0.92 | 1.08 | 0.79 | 0.14 | 0.60 | -1.13 | 18.91 | -0.93 |
| Diluted EPS | 3.88 | 3.16 | 0.74 | -1.34 | -0.03 | 0.33 | 0.90 | 1.08 | 0.74 | 0.14 | 0.59 | -1.13 | 18.91 | -0.93 |
| Weighted Average OS | 31.86M | 32.27M | 32.18M | 31.02M | 27.14M | 26.85M | 26.46M | 28.62M | 23.34M | 21.25M | 21.18M | 3.40M | 2.88M | 2.88M |
| EBITDA | $192.35M | $152.34M | $59.8M | -$24.33M | $21.15M | $37.14M | $52.89M | $42.58M | $52.78M | $34.28M | $44.74M | $5.55M | $38.92M | $12.82M |
| EBITDA Margin | 13.0% | 11.3% | 5.3% | -3.0% | 3.1% | 4.2% | 5.2% | 4.2% | 5.3% | 3.7% | 4.9% | 0.6% | 5.0% | 2.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-27 | 2024-09-28 | 2023-09-30 | 2022-10-01 | 2021-10-02 | 2020-10-03 | 2019-09-28 | 2018-09-29 | 2017-09-30 | 2016-10-01 | 2015-10-03 | 2013-09-30 | 2012-09-29 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $229.31M | $127.69M | $78.99M | $10.48M | $11.71M | $44.51M | $70.96M | $60.26M | $62.62M | $52.31M | $52.86M | $46.59M | $39.18M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $229.31M | $127.69M | $78.99M | $10.48M | $11.71M | $44.51M | $70.96M | $60.26M | $62.62M | $52.31M | $52.86M | $46.59M | $39.18M |
| Accounts Receivable | $20.65M | $59.1M | $12.57M | $12.53M | $9.97M | $7.62M | $10.54M | $24.07M | $10.15M | $20.32M | $13.75M | $13.49M | $9.34M |
| Inventory | $139.47M | $127.8M | $135.29M | $142.98M | $125.21M | $56.52M | $78.83M | $57.33M | $76.16M | $53.81M | $49.18M | $62.6M | $55.36M |
| Other Current Assets | $22.2M | $8.79M | $9.21M | $8.49M | $9.19M | $8.24M | $11.77M | $8.18M | $11.53M | $13.72M | $13.11M | $6.16M | $5.02M |
| Total Current Assets | $411.63M | $323.38M | $236.06M | $174.48M | $156.07M | $116.9M | $172.09M | $149.84M | $160.45M | $140.15M | $128.9M | $128.84M | $108.89M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $108.54M | $97.65M | $96.14M | $102.34M | $110.97M | $110.36M | $104.7M | $66.05M | $34.71M | $33.47M | $28.93M | $31.94M | $34.57M |
| Goodwill | $18.82M | $18.82M | $18.82M | $18.82M | $18.82M | $18.82M | $18.82M | $18.82M | $18.82M | $18.82M | $18.82M | $18.82M | $18.82M |
| Intangible Assets | $41.69M | $43.55M | $45.42M | $47.43M | $49.44M | $51.63M | $54.72M | $55.47M | $57.48M | $59.49M | $60.38M | $64.1M | $67.7M |
| Long-Term Investments | $35.2M | $32.09M | $17.62M | $10.66M | $14.82M | $14.32M | $11.11M | $11.12M | $11.63M | $12.94M | $12.51M | $8.66M | $6.89M |
| Deferred Tax Assets | $2.7M | $2.4M | $2.18M | $10.91M | $4.41M | $4.37M | $3.6M | $4.44M | $11.76M | $11.47M | $15.47M | $0 | $0 |
| Other Long-Term Assets | $6.68M | $6.99M | $1.52M | $1.48M | $1.48M | $1.02M | $375K | $1.68M | $975K | $1.53M | $2.9M | $10.61M | -$127.99M |
| Total Long-Term Assets | $213.63M | $201.51M | $181.7M | $191.65M | $199.95M | $200.52M | $193.32M | $157.59M | $135.37M | $137.72M | $139.01M | $134.14M | $127.99M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.23M |
| Total Assets | $625.25M | $524.89M | $417.77M | $366.13M | $356.02M | $317.42M | $365.41M | $307.43M | $295.82M | $277.87M | $267.9M | $262.99M | $240.1M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $151.48M | $143.16M | $137.14M | $107.94M | $72.27M | $57.6M | $102.27M | $95.78M | $87.33M | $80.65M | $79.33M | $72.96M | $65.52M |
| Short-Term Debt | $5M | $5M | $19.8M | $19.8M | $14.85M | $9.9M | $9.9M | $9.9M | $8M | $11.75M | $11.75M | $2.98M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $11.33M | $9.42M | $8.1M | $7.21M | $7.83M | $8.54M | $8.63M | $8.16M | $6.78M | $5.67M | $4.86M | $0 | $0 |
| Other Current Liabilities | $13.83M | $21.65M | $59.52M | $23.12M | $25.72M | $30.27M | $39.25M | $29.29M | $33.45M | $12M | $14.49M | $12.7M | $35.71M |
| Total Current Liabilities | $236.8M | $235.97M | $229.62M | $164.77M | $124.78M | $111.65M | $169.68M | $148.86M | $138.76M | $130.52M | $133.41M | $113.78M | $101.22M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $85.32M | $89.99M | $110.54M | $150.39M | $194.57M | $164.2M | $173.23M | $132.24M | $143.22M | $140.37M | $175.42M | $10.08M | $41.28M |
| Long-Term Unearned Revenue | $22.37M | $18.54M | $15.02M | $11.59M | $12.31M | $14.05M | $15.41M | $15.03M | $12.52M | $10.52M | $9.28M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $5.44M | $2.78M | $2.51M | $22.03M | $3.67M | $254K | $168K | $197K | $44.76M | $11.47M | $15.47M | $0 | $0 |
| Other Long-Term Liabilities | $19.91M | $18.03M | $19.08M | $14.39M | $43.27M | $74.61M | $70.81M | $39.44M | $59.83M | $83.43M | $69.84M | $59.71M | -$41.28M |
| Total Long-Term Liabilities | $133.04M | $129.36M | $148.15M | $199.97M | $263.89M | $259M | $263.54M | $186.91M | $215.57M | $234.32M | $255.72M | $69.79M | $41.28M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $82.58M |
| Total Liabilities | $369.84M | $365.33M | $377.77M | $364.74M | $388.68M | $370.64M | $433.22M | $335.77M | $354.33M | $364.84M | $389.13M | $183.57M | $225.09M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.3M | $40M | $50M | $50M | $0 | $0 |
| Common Stock | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $2K | $2K | $2K | $1K | $1K |
| Retained Earnings | $88.19M | $0 | -$55.7M | -$79.51M | -$33.75M | -$33.46M | -$45.65M | -$69.23M | -$100.06M | -$128.86M | -$135.34M | $26.84M | -$27.37M |
| Comprehensive Income & Other | -$28.25M | -$26.42M | -$31.88M | -$41.93M | -$44.79M | -$58.4M | -$56.15M | -$38.43M | -$43.88M | -$58.89M | -$51.77M | -$42.42M | $0 |
| Other Stockholders' Equity | $167.22M | $159.56M | $95.69M | $80.89M | $1.09M | -$19.77M | -$22.16M | $40.9M | $41.54M | $41.88M | $14.11M | $52.58M | $42.38M |
| Total Equity | $255.41M | $159.56M | $40M | $1.38M | -$32.66M | -$53.23M | -$67.81M | -$28.34M | -$58.51M | -$86.97M | -$121.23M | $79.42M | $15.01M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $625.25M | $524.89M | $417.77M | $366.13M | $356.02M | $317.42M | $365.41M | $307.43M | $295.82M | $277.87M | $267.9M | $262.99M | $240.1M |
| Supplementary Data | |||||||||||||
| Total Debt | $90.32M | $95.97M | $131.91M | $174.48M | $220.82M | $182.32M | $188.95M | $142.14M | $151.22M | $152.12M | $188.35M | $13.06M | $0 |
| Net Debt | -$138.99M | -$31.71M | $52.93M | $164M | $209.11M | $137.82M | $117.99M | $81.88M | $88.61M | $99.81M | $135.49M | -$33.53M | -$39.18M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-27 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 |
| Operating Activities | ||||||||||||||
| Net Income | $127.72M | $105.55M | $23.81M | -$45.76M | -$289K | $12.19M | $24.3M | $30.82M | $28.8M | $6.9M | $15.06M | -$5.65M | $54.21M | -$3M |
| Depreciation & Amortization | $15.59M | $14.82M | $15.98M | $14.05M | $13.45M | $14.4M | $10.38M | $9.04M | $8.18M | $8.05M | $8.79M | $11.2M | $11.81M | $13.19M |
| Deferred Income Tax | $2.94M | -$1.67M | $8.06M | -$11.07M | -$925K | $29K | $6.63M | $5.66M | -$1.2M | $8.96M | -$8.63M | $0 | $0 | $0 |
| Stock-Based Compensation | $14.79M | $8.61M | $4.17M | $3.69M | $5.94M | $4.14M | $4.27M | $2.63M | $1.27M | $12.72M | $1.64M | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $38.45M | -$46.52M | -$40K | -$2.57M | -$2.35M | $2.91M | $13.53M | -$13.92M | $10.17M | -$6.56M | $7.43M | $0 | -$4.18M | $83K |
| Inventory | -$11.67M | $7.49M | $7.69M | -$26.52M | -$68.68M | $22.31M | -$21.5M | $17.79M | -$22.35M | -$4.63M | $22.12M | $0 | -$7.24M | -$4.75M |
| Accounts Payable | $8.02M | $6.67M | $28.71M | $35.08M | $14.08M | -$40.26M | $6.32M | $3.1M | $8.4M | -$330K | -$12.9M | $0 | $0 | $0 |
| Other Working Capital | -$18.46M | $19.85M | $35.23M | -$13.41M | -$19.5M | -$14.34M | $5.06M | -$11.55M | -$4.46M | -$7.29M | -$14.5M | $4.65M | -$2.1M | $0 |
| Total Working Capital Change | $16.33M | -$12.52M | $71.59M | -$7.43M | -$76.45M | -$29.38M | $3.41M | -$4.59M | -$8.23M | -$18.82M | $2.15M | $4.65M | -$13.52M | -$4.67M |
| Other Non-Cash Items | -$1.15M | -$3.67M | -$3.69M | $22.08M | $4.04M | $2.08M | $6.71M | $4.8M | $18.83M | $7.3M | $4.36M | -$11.23M | -$17.18M | $4.63M |
| Net Cash from Operating | $176.21M | $111.11M | $119.93M | -$24.44M | -$54.24M | $3.46M | $55.71M | $48.35M | $47.64M | $25.11M | $23.37M | -$1.03M | $35.32M | $14.82M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$22.87M | -$15.26M | -$8.52M | -$6.45M | -$12.21M | -$18.97M | -$35.51M | -$32.12M | -$9.25M | -$9.58M | -$5.19M | $0 | -$4.95M | -$3.66M |
| Acquisitions | -$1M | -$552K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $903K | $165K | $47K | $14K | $48K | $0 | $0 | -$115M | $563K | $2.94M |
| Net Cash from Investing | -$23.87M | -$15.81M | -$8.52M | -$6.45M | -$11.31M | -$18.8M | -$35.47M | -$32.1M | -$9.2M | -$9.58M | -$5.19M | -$115M | -$4.38M | -$719K |
| Financing Activities | ||||||||||||||
| Debt Repaid | $5.98M | $39.27M | $43.64M | $40.98M | -$33.81M | $10.85M | -$39.97M | $8.01M | $11.28M | $36.97M | $36.89M | -$139K | $22.85M | - |
| Common Stock Issuance | $4.68M | $3.79M | $1.12M | $75.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $115M | $0 | $0 |
| Common Stock Repurchases | -$49.42M | -$11.12M | -$376K | -$1.71M | -$517K | $0 | -$50.37M | -$26.59M | -$34.33M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | -$2.95M | -$537K | -$263K | $863K | $17.89M | $21.73M | $23.78M | $10.44M | $1.26M | -$674K | -$6.89M |
| Net Cash from Financing | -$50.72M | -$46.6M | -$42.9M | $29.66M | $32.75M | -$11.11M | -$9.54M | -$18.61M | -$28.13M | -$16.07M | -$26.45M | $116.15M | -$23.52M | -$6.89M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $101.63M | $48.7M | $68.51M | -$1.23M | -$32.8M | -$26.45M | $10.7M | -$2.36M | $10.31M | -$552K | -$8.28M | $117K | $7.42M | $7.21M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $176.21M | $111.11M | $119.93M | -$24.44M | -$54.24M | $3.46M | $55.71M | $48.35M | $47.64M | $25.11M | $23.37M | -$1.03M | $35.32M | $14.82M |
| Capital Expenditure | -$22.87M | -$15.26M | -$8.52M | -$6.45M | -$12.21M | -$18.97M | -$35.51M | -$32.12M | -$9.25M | -$9.58M | -$5.19M | $0 | -$4.95M | -$3.66M |
| Free Cash Flow | $153.34M | $95.85M | $111.41M | -$30.89M | -$66.45M | -$15.51M | $20.19M | $16.23M | $38.39M | $15.52M | $18.18M | -$1.03M | $30.38M | $11.16M |
| Cash at Beginning | $127.69M | $78.99M | $10.48M | $11.71M | $44.51M | $70.96M | $60.26M | $62.62M | $52.31M | $52.86M | $61.14M | $2K | $39.18M | $31.96M |
| Cash at End | $229.31M | $127.69M | $78.99M | $10.48M | $11.71M | $44.51M | $70.96M | $60.26M | $62.62M | $52.31M | $52.86M | $119K | $46.59M | $39.18M |