Filing Flows › Blue Bird (BLBD) › Q3 FY25
Blue Bird (BLBD) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 6, 2025
Blue Bird (BLBD) reported revenue of $398M for the third quarter fiscal 2025 (Q3 FY25), +19% from a year earlier and +11% from the quarter before. Operating margin was 12.6%, net earnings $36.5M (9.2% of revenue).
Blue Bird, Q3 FY25: revenue $398M (+19% year over year), operating margin 12.6%, net earnings $36.5M, operating cash flow $56.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $398M | +11% | +19% |
| Gross profit | $85.9M | +21% | +24% |
| Operating profit | $50.1M | +49% | +26% |
| Net earnings | $36.5M | +40% | +27% |
| Operating cash flow | $56.9M | +105% | 58× |
| Free cash flow | $52.3M | — | — |
What changed
Revenue was $398.0M in Q3 FY25, up 19% year over year and up 11% from the previous quarter. Alternative fuel buses was the largest line at 59% of revenue. Alternative fuel buses added $48.9M year over year (up 26%), 76% of the total change. Other declined 5%.
Gross margin was 21.6%, up 0.8 points from a year earlier. Operating profit was $50.1M, a 12.6% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 12% margin then. Operating expenses grew 21% against revenue growth of 19%. Net earnings were $36.5M, up 27% year over year. The effective tax rate was 25.3%.
Operating cash flow was $56.9M (up 5655% year over year), 156% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $13.5M. After cash paid for fixed assets ($4.6M), free cash flow as the company reports it was $52.3M.
Questions
What was Blue Bird's revenue in the third quarter fiscal 2025?
Blue Bird (BLBD) reported revenue of $398M for the third quarter fiscal 2025 (Q3 FY25), +19% from a year earlier and +11% from the quarter before.
Was Blue Bird profitable in the third quarter fiscal 2025?
Operating profit was $50.1M (12.6% of revenue) and net earnings $36.5M.
Source: Blue Bird 10-Q on SEC EDGAR.