BLBD

In the past six months (April 2026 - October 2026), several events impacted Blue Bird Corp.'s stock. On April 14, 2026, Lyndon Lie was appointed Senior Vice President of Engineering. The company announced strong fiscal 2026 second-quarter results on May 6, 2026, with net sales of $352.6 million, GAAP net income of $29.3 million, and Adjusted EBITDA of $50.8 million, and subsequently raised its fiscal year 2026 guidance after completing the Micro Bird acquisition. On August 5, 2026, Blue Bird reported fiscal 2026 third-quarter results, showing a 29.9% year-over-year increase in net sales to $517.2 million, GAAP net income of $185.3 million, and Adjusted EBITDA of $71.4 million on 3,525 buses sold, significantly boosted by Micro Bird's contribution. Concurrently, Blue Bird entered a definitive agreement with Ford to expand its commercial stripped chassis operations and acquired a Detroit Chassis plant for $7 million, targeting 10,000 units by 2030. Following the Q3 earnings, shares initially fell by 2.1% due to perceived margin pressure and the 2028 start date for the Ford venture, but later surged over 5% in after-hours trading driven by strong institutional buying. Most recently, on October 6, 2026, Blue Bird closed a new $600 million credit facility refinancing, extending its maturity to 2031 with more favorable terms, which is expected to provide financial flexibility for growth.