BLBD - After Decisive Earnings Beat Blue Bird Still Shows Value To Be Had
2024-02-19 23:30:59 ET
Summary
- Blue Bird Corporation is a leading bus manufacturer that is reinventing the industry by focusing on alternative powered buses, including electric vehicles.
- The company recently released strong earnings for Q1 and provided higher guidance for the rest of fiscal 2024, with a record backlog of 4,600 school bus orders.
- Blue Bird's full year guidance includes a continued focus on electric vehicles, with a record number of EVs sold in Q1, and the expectation of a big order from the LA Unified schools for 180 EV buses.
A lot of times with common durable goods, we just take them for granted and don’t ask where they come from, who made them, or what the business surrounding that manufacture looks like. A prime example of this is school buses....
After Decisive Earnings Beat, Blue Bird Still Shows Value To Be Had