Filing Flows › Blue Bird (BLBD) › Q2 FY25
Blue Bird (BLBD) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 7, 2025
Blue Bird (BLBD) reported revenue of $359M for the second quarter fiscal 2025 (Q2 FY25), +4% from a year earlier and +14% from the quarter before. Operating margin was 9.4%, net earnings $26.0M (7.3% of revenue).
Blue Bird, Q2 FY25: revenue $359M (+4% year over year), operating margin 9.4%, net earnings $26.0M, operating cash flow $27.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $359M | +14% | +4% |
| Gross profit | $70.9M | +17% | +11% |
| Operating profit | $33.7M | +2% | -7% |
| Net earnings | $26.0M | -9% | +0.1% |
| Operating cash flow | $27.8M | +5% | -49% |
| Free cash flow | $18.7M | — | -64% |
What changed
Revenue was $358.9M in Q2 FY25, up 4% year over year and up 14% from the previous quarter. Alternative fuel buses was the largest line at 56% of revenue. Alternative fuel buses added $19.3M year over year (up 11%), 149% of the total change. Parts declined 7%.
Gross margin was 19.7%, up 1.3 points from a year earlier. Operating profit was $33.7M, a 9.4% margin (down 1.0 points year over year). Operating profit fell $2.4M even though revenue rose $12.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 35% against revenue growth of 4%. Net earnings were $26.0M, roughly flat year over year. The effective tax rate was 26.0%.
Operating cash flow was $27.8M (down 49% year over year), 107% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items used $9.6M. After cash paid for fixed assets ($9.0M), free cash flow as the company reports it was $18.7M.
Questions
What was Blue Bird's revenue in the second quarter fiscal 2025?
Blue Bird (BLBD) reported revenue of $359M for the second quarter fiscal 2025 (Q2 FY25), +4% from a year earlier and +14% from the quarter before.
Was Blue Bird profitable in the second quarter fiscal 2025?
Operating profit was $33.7M (9.4% of revenue) and net earnings $26.0M.
Source: Blue Bird 10-Q on SEC EDGAR.