Filing Flows › Blue Bird (BLBD) › Q4 FY24
Blue Bird (BLBD) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 25, 2024
Blue Bird (BLBD) reported revenue of $350M for the fourth quarter fiscal 2024 (Q4 FY24), +16% from a year earlier and +5% from the quarter before. Operating margin was 7.3%, net earnings $24.7M (7.0% of revenue).
Blue Bird, Q4 FY24: revenue $350M (+16% year over year), operating margin 7.3%, net earnings $24.7M, operating cash flow $55.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $350M | +5% | +16% |
| Gross profit | $59.6M | -14% | +19% |
| Operating profit | $25.6M | -36% | -12% |
| Net earnings | $24.7M | -14% | +32% |
| Operating cash flow | $55.4M | 56× | +55% |
| Free cash flow | $50.2M | — | +49% |
What changed
Revenue was $350.2M in Q4 FY24, up 16% year over year and up 5% from the previous quarter. Alternative fuel buses was the largest line at 47% of revenue.
Gross margin was 17.0%, up 0.5 points from a year earlier. Operating profit was $25.6M, a 7.3% margin (down 2.3 points year over year). Operating profit fell $3.6M even though revenue rose $47.2M versus a year earlier, so costs grew faster than sales. Operating expenses grew 63% against revenue growth of 16%. Net earnings were $24.7M, up 32% year over year. The effective tax rate was 21.1%.
Operating cash flow was $55.4M (up 55% year over year), 224% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $25.2M. After cash paid for fixed assets ($5.1M), free cash flow as the company reports it was $50.2M.
Questions
What was Blue Bird's revenue in the fourth quarter fiscal 2024?
Blue Bird (BLBD) reported revenue of $350M for the fourth quarter fiscal 2024 (Q4 FY24), +16% from a year earlier and +5% from the quarter before.
Was Blue Bird profitable in the fourth quarter fiscal 2024?
Operating profit was $25.6M (7.3% of revenue) and net earnings $24.7M.
Source: Blue Bird 10-K on SEC EDGAR.