AI-extracted from the 10-Q filed 2026-08-05 — Q3 FY2026 (quarter ended June 27, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales rose 29.9% YoY to $517.2M, driven almost entirely by the April 2026 Micro Bird acquisition ($122.9M) and a one-time $160.5M non-taxable remeasurement gain that pushed net income to $185.3M.
Biggest Revenue Drivers
Bus$491.7M+32.1% YoY
Includes $122.9M from newly consolidated Micro Bird; legacy Bus sales fell 0.9% as units for large orders shifted to Q4 delivery.
Parts$25.5M-1.2% YoY
Product and channel mix changes slightly exceeded price increases implemented to offset higher inventory costs.
Biggest Revenue Drivers
Total revenue: $517.2M+29.9% YoY
Bus$491.7M+32.1% YoY
Includes $122.9M from newly consolidated Micro Bird; legacy Bus sales fell 0.9% as units for large orders shifted to Q4 delivery.
Within Bus
Micro Bird$122.9M
Newly consolidated as a wholly-owned Bus segment subsidiary following the April 1, 2026 acquisition of the remaining 50% stake.
Parts$25.5M-1.2% YoY
Product and channel mix changes slightly exceeded price increases implemented to offset higher inventory costs.
Largest Expense Items
Cost of goods sold$413.8M+32.6% YoY
Micro Bird added $105.7M of COGS; legacy COGS also rose on tariff-driven raw material inflation, partly offset by pricing actions.
Margins: Legacy cost of sales improved slightly to 78.2% of net sales from 78.4% on pricing actions, but consolidated Adjusted EBITDA margin fell to 13.8% from 14.7% as lower-margin Micro Bird volume and acquisition costs diluted results.
Watch Items from the Filing
Net income includes a one-time $160.5M non-taxable gain from remeasuring the prior Micro Bird equity stake and a $19.6M pension settlement loss, both non-recurring.
Adjusted EBITDA margin declined to 13.8% from 14.7% YoY, as Micro Bird integration costs and lower-margin volume diluted legacy profitability.
Type C/D bus backlog was approximately 3,570 units at June 27, 2026, still below the 3,900 units a year earlier amid lingering tariff-driven order uncertainty.
New Ford Master Collaboration Agreement targets ~10,000 annual F53/F59 chassis units with potential $600M+ revenue, but new production doesn't begin until 2028.
A $29.4M customer deposit for electric school buses will be recognized as revenue mostly in Q4 FY2026, shifting the timing of reported results.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Blue Bird Corp (BLBD): stock profile, AI score and financials
Blue Bird Corp (BLBD) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores BLBD at 62.9/100 on a composite quality score built from its SEC filings, placing it at rank #665 of 2,925 stocks — the top 25% of the AI-ranked universe. BLBD scores in the top quartile across balance sheet strength (98.6), profitability (81.8). Areas of concern include institutional flow (13.6) and earnings quality (27.2), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), Blue Bird Corp reports quarterly revenue of $517.2M, net income of $185.3M, an operating margin of 12.1%. Top institutional holders of BLBD by reported 13-F value include FMR, BlackRock, AMERICAN CENTURY COMPANIES, based on the most recent SEC filings. BLBD trades on the Nasdaq exchange and files with the SEC under CIK 1589526. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BLBD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Blue Bird Corp directly from SEC EDGAR.