Blue Bird Corporation (BLBD) Bundle
A Brief History of Blue Bird Corporation (BLBD)
Company Overview
Blue Bird Corporation is a leading manufacturer of school buses and commercial buses in North America. Headquartered in Fort Valley, Georgia, the company trades on the NASDAQ under the ticker BLBD.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $1.06 billion |
| Net Income | $35.2 million |
| Market Capitalization | $461.7 million |
| Earnings Per Share | $2.41 |
Product Lines
- Type C school buses
- Type A school buses
- All-electric school buses
- Commercial buses
- Alternative fuel vehicles
Market Position
Blue Bird maintains approximately 25% market share in the North American school bus market as of 2024.
Electric Vehicle Strategy
In 2023, Blue Bird delivered 528 electric school buses, representing a 43% increase from the previous year.
Key Operational Metrics
| Metric | 2023 Data |
|---|---|
| Total Bus Deliveries | 8,412 units |
| Manufacturing Facilities | 3 locations |
| Employee Count | 1,950 employees |
Who Owns Blue Bird Corporation (BLBD)
Institutional Ownership
As of Q4 2023, Blue Bird Corporation's institutional ownership stands at 85.4%.
| Top Institutional Shareholders | Ownership Percentage |
|---|---|
| Dimensional Fund Advisors LP | 9.2% |
| BlackRock Inc. | 8.7% |
| Renaissance Technologies LLC | 5.6% |
| Vanguard Group Inc. | 5.3% |
Major Shareholders
- Blue Bird Corporation is a publicly traded company listed on NASDAQ under ticker BLBD
- No single shareholder owns more than 20% of total outstanding shares
- Approximately 14.6% of shares are held by retail investors
Insider Ownership
As of December 31, 2023, insider ownership represents 3.2% of total outstanding shares.
| Key Insider Shareholders | Position | Shares Owned |
|---|---|---|
| Phil Horlock | President & CEO | 127,500 shares |
| Peter Underwood | CFO | 38,200 shares |
Ownership Structure
Total outstanding shares as of Q4 2023: 24,650,000 shares
Public float: 22,100,000 shares
Blue Bird Corporation (BLBD) Mission Statement
Corporate Overview
Blue Bird Corporation (NASDAQ: BLBD) manufactures school buses and commercial buses with headquarters in Fort Valley, Georgia.
| Fiscal Year | Revenue | Net Income |
|---|---|---|
| 2023 | $1.03 billion | $37.2 million |
Mission Statement Components
- Provide safe and reliable transportation solutions
- Focus on innovative school and commercial bus technologies
- Commitment to environmental sustainability
Strategic Priorities
Blue Bird Corporation concentrates on electric vehicle development and expanding alternative fuel bus offerings.
| Bus Type | Market Share | Annual Production |
|---|---|---|
| Traditional Diesel | 62% | 8,500 units |
| Electric Buses | 18% | 2,400 units |
Market Position
Blue Bird maintains approximately 40% of the North American school bus market as of 2024.
How Blue Bird Corporation (BLBD) Works
Company Overview
Blue Bird Corporation (BLBD) is a leading manufacturer of school buses and commercial buses in the United States. As of 2024, the company is headquartered in Macon, Georgia.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Revenue | $1.02 billion |
| Net Income | $48.3 million |
| Market Capitalization | $712 million |
| Stock Price (as of January 2024) | $33.45 |
Product Lines
- Type C school buses
- Type A school buses
- Commercial buses
- Electric school buses
Manufacturing Facilities
Blue Bird operates manufacturing facilities in:
- Fort Valley, Georgia
- Riverside, California
Production Volume
| Bus Type | Annual Production (2023) |
|---|---|
| School Buses | 10,500 units |
| Electric Buses | 1,200 units |
Market Share
School Bus Market Share: 38.2%
Key Business Segments
- School Transportation
- Commercial Transportation
- Aftermarket Parts and Services
Electric Vehicle Strategy
Blue Bird has committed $75 million to electric vehicle infrastructure and development in 2024.
Employee Information
| Total Employees | 2024 Data |
|---|---|
| Total Workforce | 2,350 employees |
How Blue Bird Corporation (BLBD) Makes Money
Business Segments
Blue Bird Corporation generates revenue through three primary business segments:
- School Bus Manufacturing
- Commercial Bus Manufacturing
- Parts and Services
School Bus Sales Revenue
As of fiscal year 2023, Blue Bird reported school bus sales of $1.06 billion, representing approximately 85% of total company revenue.
| Bus Type | Annual Units Sold | Average Price Range |
|---|---|---|
| Type C Conventional | 4,800 units | $110,000 - $135,000 |
| Type A Buses | 2,200 units | $85,000 - $105,000 |
| Type D Buses | 1,500 units | $125,000 - $150,000 |
Commercial Bus Segment
Commercial bus sales generated $120 million in revenue for fiscal year 2023, with primary customers including:
- Municipal transit agencies
- Shuttle services
- Paratransit operators
Parts and Services Revenue
Blue Bird's parts and services division generated $85 million in fiscal year 2023, with key revenue streams including:
| Service Category | Annual Revenue |
|---|---|
| Replacement Parts | $52 million |
| Maintenance Services | $33 million |
Geographic Revenue Distribution
| Region | Percentage of Total Revenue |
|---|---|
| United States | 94% |
| Canada | 5% |
| International Markets | 1% |
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