Blue Bird Corp

htm EX-99.1 Document BLUE BIRD REPORTS FISCAL 2025 THIRD QUARTER RESULTS BEATS THIRD QUARTER GUIDANCE WITH RECORD RESULTS RAISING 2025 GUIDANCE AND LONG-TERM OUTLOOK $100M SHARE BUY-BACK ANNOUNCED Net Sales of $398M and GAAP Net Income of $36M Adj.

SEC original ↗Blue Bird Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

We are confident in our profitable growth plans and are excited to announce a new $100 million share repurchase program.

SEC original ↗Blue Bird Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

At June 27, 2026 and September 27, 2025, the weighted-average annual effective interest rates for the term loans were 5.9 % and 6.6 %, respectively, which include amortization of the deferred debt issuance costs.

SEC original ↗Blue Bird Corp — 10-Q Quarterly report10-QAug 5, 2026

There were no borrowings outstanding on the Revolving Credit Facility; therefore, the Company would have been able to borrow $ 141.7 million on the revolving line of credit.

SEC original ↗Blue Bird Corp — 10-Q Quarterly report10-QAug 5, 2026

In connection with the acquisition of Micro Bird (see Note 13, Micro Bird Acquisition , for further discussion), the Company repaid all of Micro Bird's outstanding bank debt obligations, including interest accrued on outstanding principal balances, existing on the closing 12 date, which totaled $ 129.6 million and was funded entirely from cash existing on the closing date.

SEC original ↗Blue Bird Corp — 10-Q Quarterly report10-QAug 5, 2026

Although Micro Bird maintained an existing revolving credit facility with its primary bank subsequent to the acquisition having a maximum borrowing capacity of $ 50.0 million, no amounts were borrowed or repaid during the the three months ended June 27, 2026 following the repayment of the balance existing on the acquisition closing date as discussed previously above.

SEC original ↗Blue Bird Corp — 10-Q Quarterly report10-QAug 5, 2026

Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability.

SEC original ↗Blue Bird Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

GAAP financial statements) that represents amortization charges on right-of-use lease assets as adjusted for certain non-cash charges or credits that we may record on a recurring basis such as share-based compensation expense and unrealized gains or losses on certain derivative financial instruments as well as certain charges such as (i) transaction related costs or (ii) discrete expenses related to major cost cutting and or operational transformation initiatives.

SEC original ↗Blue Bird Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

While certain of the charges that are added back in the Adjusted EBITDA calculation, such as transaction related costs and major cost cutting and or operational transformation initiatives, represent operating expenses that may be recorded in more than one annual period, the significant project or transaction giving rise to such expenses is not considered to be indicative of the Company s normal operations.

SEC original ↗Blue Bird Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

We believe that Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, and Adjusted Diluted Earnings per Share are useful to investors in evaluating our performance because the measures consider the performance of our ongoing operations, excluding decisions made with respect to capital investment, financing, and certain other significant initiatives or transactions as outlined in the preceding paragraph.

SEC original ↗Blue Bird Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

These forward-looking statements relate to expectations for future financial performance, business strategies or expectations for our business.

SEC original ↗Blue Bird Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The Blue Bird team continued to exceed expectations, improving operations, navigating tariffs, and expanding our leadership in alternative-powered buses.

SEC original ↗Blue Bird Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Our backlog remains strong with approximately 3,900 units at the end of the third quarter, despite industry orders slowing due to tariff-related pricing actions.

SEC original ↗Blue Bird Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The increase in net sales is primarily due to an increase in Bus unit bookings, Bus customer and product mix changes and cumulative Bus price increases, including an increase that was intended to mitigate the impact of increased procurement costs for certain of our imported inventory as a result of the imposition of tariffs beginning during the third quarter of fiscal 2025, as well as a small increase in Parts sales.

SEC original ↗Blue Bird Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

In addition to periodic inventory shortages and general inflationary pressures resulting from the global supply chain constraints discussed above, changes in trade policies and tariffs began to impact our business and operations in the second half of fiscal 2025 and continuing into the firs t three quarters of fiscal 2026 by increasing our procurement costs for certain imported inventory.

SEC original ↗Blue Bird Corp — 10-Q Quarterly report10-QAug 5, 2026

Significant uncertainty still exists concerning the magnitude and duration of the ongoing (i) supply chain constraints and (ii) changes in governmental policies, programs, regulations and/or laws and accordingly, precludes any prediction as to the ultimate severity of the adverse impacts on our business, financial condition, results of operations, and liquidity.

SEC original ↗Blue Bird Corp — 10-Q Quarterly report10-QAug 5, 2026

Guarantees, Commitments and Contingencies Litigation At June 27, 2026, the Company had a number of product liability and other cases pending.

SEC original ↗Blue Bird Corp — 10-Q Quarterly report10-QAug 5, 2026