BLBD FY 2023 Earnings Report — Blue Bird Corporation Revenue & Financial Results | Market Cap Arena

Blue Bird CorporationBLBD

FY 2023 Earnings

Reported December 11, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.1B	—	$801M	—	41.5%
Op. Income	$52M	—	-$41M	—	226.9%
Gross Margin	12.3%	—	4.6%	—	7.7pp
Net Margin	2.1%	—	-5.7%	—	7.8pp
EPS (Diluted)	$0.74	—	$-1.34	—	155.2%
Free Cash Flow	$111M	—	-$31M	—	460.7%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$994M
GROSS PROFIT	$139M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$87M
Other Expenses	$0
Operating Expenses	$87M
Cost & Expenses	$1.1B
OPERATING INCOME	$52M
Interest Income	$1M
Interest Expense	$18M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$33M
Income Tax Expense	$9M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$16M
EBIT	$44M
EBITDA	$60M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$994M
GROSS PROFIT	$139M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$87M
Other Expenses	$0
Operating Expenses	$87M
Cost & Expenses	$1.1B
OPERATING INCOME	$52M
Interest Income	$1M
Interest Expense	$18M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$33M
Income Tax Expense	$9M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$16M
EBIT	$44M
EBITDA	$60M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$16M
Stock-Based Compensation	$4M
Deferred Income Tax	$8M
Other Non-Cash Items	-$4M
Change in Working Capital	$72M
OPERATING CASH FLOW	$120M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$9M
Net Debt Issuance	-$44M
Common Stock Repurchased	-$376.0K
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$43M
FREE CASH FLOW	$111M
Net Change in Cash	$69M

Balance Sheet

Item	Amount
Cash & Equivalents	$79M
Short-Term Investments	$0
Net Receivables	$13M
Inventory	$135M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$236M
PP&E (Net)	$96M
Goodwill	$19M
Intangible Assets	$45M
Long-Term Investments	$18M
Tax Assets	$2M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$182M
TOTAL ASSETS	$418M
Account Payables	$137M
Short-Term Debt	$20M
Deferred Revenue	$8M
Other Current Liabilities	$60M
TOTAL CURRENT LIABILITIES	$230M
Long-Term Debt	$111M
Deferred Revenue NC	$15M
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$148M
TOTAL LIABILITIES	$378M
Common Stock	$3.0K
Additional Paid-In Capital	$178M
Retained Earnings	-$56M
Treasury Stock	-$50M
Accum. Other Comp. Income	-$32M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$40M
Minority Interest	$0
TOTAL EQUITY	$40M
TOTAL LIABILITIES & EQUITY	$418M
Total Debt	$132M
Net Debt	$53M