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Blue Bird Corp. beat earnings estimates and raised revenue forecast, boosting shares 42% this year.
Blue Bird Corp. reported strong fiscal fourth-quarter results, with adjusted earnings of $1.32 per share, surpassing estimates, and $409.4 million in revenue, up 16.9% year-over-year.
Full-year profit reached $127.7 million, and the company raised its full-year revenue forecast to $1.5 billion.
Shares rose 42% year-to-date, closing at $54.86, driven by improved margins, cost efficiency, and robust demand for school buses.
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Blue Bird Corp. superó las estimaciones de ganancias y aumentó las previsiones de ingresos, impulsando las acciones un 42% este año.