Blue Bird Corp Files 10-Q for Q4 2024

TL;DR

**Blue Bird Corp 10-Q filed: Check financials for bus maker's latest performance.**

AI Summary

Blue Bird Corp filed its 10-Q for the period ending December 28, 2024. The company, previously known as Hennessy Capital Acquisition Corp., is a manufacturer of truck and bus bodies. The filing covers financial data for the fiscal quarter and year-to-date periods, comparing them to the prior year.

Why It Matters

This filing provides investors with the latest financial performance and position of Blue Bird Corp, a key player in the bus manufacturing industry.

Risk Assessment

Risk Level: medium — As a publicly traded company, Blue Bird Corp is subject to market fluctuations and industry-specific risks inherent in manufacturing and sales.

Key Numbers

• 2024-12-28 — Reporting Period End Date (Indicates the end of the fiscal quarter and year-to-date for financial reporting.)
• 2023-12-30 — Prior Year Reporting Period End Date (Used for comparative financial analysis against the current reporting period.)

Key Players & Entities

• Blue Bird Corp (company) — Filer of the 10-Q
• Hennessy Capital Acquisition Corp. (company) — Former name of Blue Bird Corp
• 2024-12-28 (date) — End of the reporting period
• 2025-02-05 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common stock, $0.0001 par value BLBD NASDAQ Global Market I

Filing Documents

• blbd-20241228.htm (10-Q) — 796KB
• a10q2025q1ex311.htm (EX-31.1) — 10KB
• a10q2025q1ex312.htm (EX-31.2) — 11KB
• a10q2025q1ex321.htm (EX-32.1) — 7KB
• 0001589526-25-000026.txt ( ) — 4544KB
• blbd-20241228.xsd (EX-101.SCH) — 28KB
• blbd-20241228_cal.xml (EX-101.CAL) — 70KB
• blbd-20241228_def.xml (EX-101.DEF) — 99KB
• blbd-20241228_lab.xml (EX-101.LAB) — 441KB
• blbd-20241228_pre.xml (EX-101.PRE) — 296KB
• blbd-20241228_htm.xml (XML) — 498KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 2

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) 2 Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Operations 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statements of Stockholders' Equity 7 Notes to Condensed Consolidated Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. 17

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk. 28

Controls and Procedures

Item 4. Controls and Procedures. 29

– OTHER INFORMATION

PART II – OTHER INFORMATION 30

Legal Proceedings

Item 1. Legal Proceedings. 30

Risk Factors

Item 1A. Risk Factors. 30

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 30

Other Information

Item 5. Other Information. 31

Exhibits

Item 6. Exhibits . 32

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) BLUE BIRD CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands of dollars, except for share data) December 28, 2024 September 28, 2024 Assets Current assets Cash and cash equivalents $ 136,119 $ 127,687 Accounts receivable, net 13,996 59,099 Inventories 163,120 127,798 Other current assets 17,623 8,795 Total current assets $ 330,858 $ 323,379 Property, plant and equipment, net $ 98,384 $ 97,322 Goodwill 18,825 18,825 Intangible assets, net 43,087 43,554 Equity investment in affiliates 34,393 32,089 Deferred tax assets 2,112 2,399 Finance lease right-of-use assets 156 332 Pension 5,156 4,649 Other assets 2,251 2,345 Total assets $ 535,222 $ 524,894 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 137,757 $ 143,156 Warranty 7,059 7,166 Accrued expenses 46,738 55,775 Deferred warranty income 9,907 9,421 Finance lease obligations 436 975 Other current liabilities 22,530 14,480 Current portion of long-term debt 5,000 5,000 Total current liabilities $ 229,427 $ 235,973 Long-term liabilities Revolving credit facility $ — $ — Long-term debt 88,828 89,994 Warranty 9,068 9,013 Deferred warranty income 19,652 18,541 Deferred tax liabilities 368 2,783 Finance lease obligations 6 6 Other liabilities 8,168 9,020 Total long-term liabilities $ 126,090 $ 129,357 Guarantees, commitments and contingencies (Note 6) Stockholders' equity Preferred stock, $ 0.0001 par value, 10,000,000 shares authorized, 0 shares outstanding at December 28, 2024 and September 28, 2024 $ — $ — Common stock, $ 0.0001 par value, 100,000,000 shares authorized, 32,111,078 and 32,268,022 shares issued and outstanding at December 28, 2024 and September 28, 2024, respectively 3 3 Additional paid-in capital 187,379 185,977 Retained earnings 18,686 — Accumulated other comprehensive loss ( 26,363 ) ( 26,416 ) Total stockholders' equity $ 179,705 $ 159,56

View Full Filing

View this 10-Q filing on SEC EDGAR