Blue Bird is targeting longer-term adjusted EBITDA of $400 million to $500 million-plus, driven by a new commercial chassis segment that is expected to generate $100 million-plus or 14% to 15% of that total. The company raised its full-year adjusted EBITDA guidance to a range of $245 million to $250 million and maintained revenue guidance of $1.74 billion to $1.76 billion. The expanded collaboration with Ford Motor Company, which includes the purchase of Detroit Chassis assets for $7 million in cash, will make the chassis effort the company's primary path, with production expected to begin in calendar first quarter 2028. Management said the new segment is forecast to reach approximately 10,000 units in 2030, contributing the $100 million-plus in adjusted EBITDA. Blue Bird reported record third-quarter adjusted EBITDA of $71 million on revenue of $517 million, beating guidance for the 15th consecutive quarter.
Blue Bird CorpRaises FY adjusted EBITDA guidance and targets long-term EBITDA of $400-500M+
Ford Motor CompanyExpanded collaboration with Blue Bird includes purchase of Detroit Chassis assets, starting production in 2028
