BLUE BIRD Reports 42.8% Increase in Q3 Revenue, Totaling USD 294.3 Million
August 14, 2023
☀️Earnings Overview
On August 9 2023, BLUE BIRD ($NASDAQ:BLBD) revealed its FY2023 Q3 earnings results with total revenue of USD 294.3 million, representing a 42.8% increase compared to the previous year. Furthermore, their net income for the period was reported at USD 9.4 million, which is a major improvement from the -6.4 million reported in the same quarter of the previous year.
Analysis
GoodWhale has conducted an analysis of BLUE BIRD‘s wellbeing and found it to be a medium risk investment. This assessment was based on Risk Rating, which considers the financial and business aspects of the company. For a more detailed view of the potential risks, interested parties should become registered users so that they can explore the business and financial areas that may have issues. With this information, they will be able to make an educated decision on whether they want to invest in BLUE BIRD. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Blue Bird. More…
| Total Revenues | Net Income | Net Margin |
| 1.09k | -17.9 | -1.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Blue Bird. More…
| Operations | Investing | Financing |
| 114.14 | -8.1 | -81.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Blue Bird. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 390.01 | 379.57 | 0.33 |
Key Ratios Snapshot
Some of the financial key ratios for Blue Bird are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | -41.9% | -0.7% |
| FCF Margin | ROE | ROA |
| 9.8% | -96.1% | -1.1% |
Peers
In the automotive industry, Blue Bird Corp competes with NFI Group Inc, Minth Group Ltd, and Vicinity Motor Corp. All four companies manufacture and design vehicles and parts, but Blue Bird Corp has been in the industry longer. Founded in 1932, Blue Bird Corp has over 80 years of experience compared to its competitors. This experience gives Blue Bird Corp an advantage in the market.
– NFI Group Inc ($TSX:NFI)
NFI Group Inc is a Canadian bus manufacturer that designs, engineers, and manufactures vehicles for passenger transportation applications. The company has a market cap of 913.58M as of 2022 and a Return on Equity of -4.92%. NFI Group Inc’s products include buses for school, transit, coach, shuttle, and specialty markets. The company also provides aftermarket parts and services for its buses.
– Minth Group Ltd ($SEHK:00425)
Minth Group Ltd is a leading global manufacturer and supplier of automotive exterior trim and decorative products. The company has a market cap of 19.52B as of 2022 and a Return on Equity of 7.09%. Minth Group’s products are used by major automotive manufacturers around the world and its products are sold in over 100 countries. The company has manufacturing facilities in China, Europe and the United States.
– Vicinity Motor Corp ($TSXV:VMC)
Vicinity Motor Corp is a company that manufactures and sells electric vehicles. The company has a market cap of 65.6M as of 2022 and a Return on Equity of -19.09%. The company’s products include electric cars, electric bicycles, and electric scooters. The company has a strong presence in the Chinese market and is expanding its operations to other countries.
Summary
BLUE BIRD has had a successful third quarter of FY2023, as total revenue increased by 42.8% from the previous year to USD 294.3 million, and net income rose from -6.4 million to USD 9.4 million. This is an impressive feat that has likely been bolstered by the company’s focus on expanding its product range and customer base. Investors should consider the potential for long term growth in this stock, as BLUE BIRD seems primed to take advantage of any further positive economic conditions.
On the downside, any unexpected changes in the industry or macroeconomic environment could affect the stock’s price. As such, investors should conduct thorough research before investing in BLUE BIRD.
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