Blue Bird Corporation's stock surged 20.33% in after-hours trading following the release of its fiscal 2026 second-quarter financial results, which significantly exceeded analyst expectations and were accompanied by raised guidance.
The U.S. school bus maker reported quarterly adjusted earnings per share of $1.00, surpassing the consensus estimate of $0.88. Revenue for the quarter came in at $352.6 million, beating expectations of $335.2 million despite a slight 1.7% year-over-year decline. The company also posted net income of $29.3 million and adjusted EBITDA of $50.8 million.
Investors reacted positively as Blue Bird raised its full-year 2026 net revenue guidance to approximately $1.75 billion and adjusted EBITDA forecast to about $245 million. Furthermore, the company lifted its long-term outlook, targeting adjusted EBITDA of over $375 million on revenue exceeding $2.5 billion, signaling confidence in future growth prospects.
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