Blue Bird (BLBD) Rising Along with Production

Stephen L Kanaval  |

The bus manufacturer Blue Bird Corporation (BLBD) is on a climb this week. The company has climbed 3.85% this week at the time of writing and has outperformed the S&P 500 by 2%. Over the last 52 weeks, the company is up 5.54% with a high of $15.87. Furthermore, the Fort Valley-based company is adding 200 new employees to the floor of its manufacturing plant, according to the 13MAZ in Georgia. The company is pushing to meet demands now before the next school season starts up again. Blue Bird intends to build 10,800 to 11,000 buses this year.

(All slides below taken from BLBD’s Roth Presentation)

"Bus delivery for school start is a priority for our customers," Phil Horlock, president and CEO of Blue Bird Corp., said in a statement. "Adding a second shift will enable us to build more buses in the spring and summer seasons, ensuring our buses are delivered in time for the new school year and helping us continue to grow our market share."

Blue Bird has increased production by more than 50% over the last few years to meet demand. The reason for the high demands is that Blue Bird is the only manufacturer of chassis and body components for school buses. They have two facilities in Fort Valley, Georgia and a Micro Bird joint venture housed in Quebec, Canada.

The company also has a production line of propane-powered buses and this line is already getting rave reviews in Florida’s Broward County.

The line is ready for full-scale production and school boards see the propane bus as a cost-saving option. Blue Bird has positioned itself as really the sole producer of a staple in education— I mean how many people don’t recognize this product or haven’t ridden on one on their way to school once?

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Symbol Name Price Change % Volume
BLBD Blue Bird Corporation 19.35 0.07 0.36 96,494 Trade

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