Blue Bird's stock surged 21.46% during the trading session, marking a significant rally for the school bus manufacturer.
The sharp increase follows the company's release of its fiscal 2026 second-quarter financial results, which exceeded analyst expectations. Blue Bird reported adjusted earnings per share of $1.00, beating the consensus estimate of $0.88, while revenue of $352.6 million also topped expectations of $335.2 million.
Investor sentiment was further bolstered by the company's decision to raise its full-year 2026 guidance. Blue Bird increased its net revenue forecast to approximately $1.75 billion and lifted its adjusted EBITDA outlook to about $245 million. The company also provided an optimistic long-term outlook, targeting adjusted EBITDA of over $375 million on revenue exceeding $2.5 billion.
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