Blue Bird Corporation (NASDAQ:BLBD) Q1 2023 Earnings Call Transcript

Matthew Stevenson : All right. Thank you Sarah, and thank you to all who is joining us on the call today. As you heard during our prepared remarks, demand in our market continues to be strong and the backlog for Blue Bird buses is robust. Orders for the EPA’s Clean School Bus Program are beginning to come in, and will continue to fuel our leadership in alternative power in electric school buses. The business has turned the corner. As evidenced by the numerous first quarter records for the business, including revenue, bookings, EV sales and our parts business. Plus, we are increasing the total year EBITDA guidance. Blue Bird is starting to fire on all cylinders, as the vast majority of legacy price buses are now behind us, and numerous operational improvements are starting to take hold.

We are very confident and certain about where we are headed and that is back to historic margin levels and beyond. Should you have any follow-up questions, please do not hesitate to contact our Head of Investor Relations, Mark Benfield. Thank you, again, for your time and we look forward to update you on the continued progress of the Blue Bird in next quarter. Thank you and good evening.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.