Blue Bird sees FY18 revenue $1.01B-$1.04B, consensus $1.02B
"We are pleased with our first quarter performance, with improvements in nearly all aspects of the business," said Phil Horlock, President and CEO of Blue Bird Corporation. "We are excited about the investments we are making to improve quality, reduce cost and increase capacity, which will drive higher profitability and margins. Continuing to invest in differentiated products that customers want and value is a core priority in Blue Bird, as evidenced by another quarter of strong growth and leadership in sales of our alternative-fuel powered school buses. We are pleased to announce that we are raising our full-year fiscal 2018 net revenue guidance to $1.01B - $1.04B, Adjusted EBITDA guidance to $80M - $85M and Adjusted Free Cash Flow guidance to $40M - $45M."