Blue Bird Second Quarter Results

Blue Bird Corp (BLBD) released its second quarter results on Wednesday, May 12, 2021. The company reported net earnings of $-0.02 per share for the second quarter ending March 31, 2021. Earnings for this past quarter were up 4 percent compared to the same period a year ago.

The company was founded in 1927 and is headquartered in Macon, Georgia. Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts.

Blue Bird's revenue decreased 28 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 13.13% for the second quarter compared to the same period in the previous year, and operating margins decreased to 0.69% over the same period. Net earnings for past trailing twelve months were $10.99 million, down 56% from the prior year.

Moving on to the balance sheet, Blue Bird's cash levels dropped 45% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 19.93% this past year. The current ratio for Blue Bird now stands at 0.92. The company increased shares outstanding by 0.47%.

Shares of BLBD are currently trading around $26.77. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 66.12 and price to book ratio of nan.

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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Friday, May 14, 2021.