Blue Bird Corporation Reports Record Fiscal 2025 Results, Beats Guidance

BLBD
November 25, 2025

Blue Bird Corporation reported record fiscal 2025 results, with total revenue of $1.48 billion and adjusted EBITDA of $221 million, a 15% margin. The company sold 9,409 buses, including 901 electric‑powered units, a 4.5% increase in unit volume from the prior year and a 10% rise in average selling price that helped lift revenue.

Revenue grew 9.9% year‑over‑year, driven by higher average selling prices and a stronger mix of electric‑bus sales. The company’s 2024 revenue was $1.35 billion and adjusted EBITDA was $182.9 million, so the current year’s performance represents a significant acceleration in both top‑line and profitability.

Adjusted EBITDA margin expanded to 15% from 13.6% in 2024, reflecting pricing power, a favorable product mix, and disciplined cost controls that offset inflationary pressures in raw materials and labor. The margin lift demonstrates the company’s ability to translate higher sales into improved profitability.

Management reaffirmed its 2026 guidance, projecting net revenue of approximately $1.5 billion and adjusted EBITDA of $220 million. President & CEO John Wyskiel said the results “demonstrate the strength of our execution and the continued momentum in our electric‑bus business.” CFO Razvan Radulescu added that the company remains “in a very strong position” and that the guidance reflects confidence in sustained growth.

Blue Bird’s record results reinforce its leadership in the electric‑school‑bus market, supported by federal clean‑bus funding and a planned capacity expansion at its Fort Valley, Georgia facility. While tariff volatility and supply‑chain constraints remain headwinds, the company’s pricing strategy and cost discipline position it to capture the growing demand for zero‑emission buses and to maintain profitability in the long term.

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