Overview
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- TickerBLBD on Nasdaq1
- IndustryTruck & Bus Bodies1
- HeadquartersMacon, Georgia1
- Business address3920 Arkwright Road, Suite 200, Macon, Ga 312103
- Filer categoryLarge accelerated filer3
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The Company (formerly Hennessy Capital Acquisition Corp.) was incorporated in Delaware on September 24, 2013 as a special purpose acquisition company, or SPAC. On February 24, 2015, the Company consummated a business combination (the “Business Combination”), pursuant to which the Company acquired all of the outstanding capital stock of School Bus Holdings Inc., a Delaware corporation (“School Bus Holdings” or “SBH”) from The Traxis Group, B.V. (the “Seller”). The total purchase price was paid in a combination of cash in the amount of $100.0 million and 12,000,000 shares of the Company’s common stock, $0.0001 par value (the “Common Stock”), valued at $120.0 million.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
20.5%Gross margin2
11.3%Operating margin2
8.6%Net margin2
9.9%Revenue growth, 20252
50.0%Return on equity2
0.33×Debt to equity2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Alternative Fuel Buses brought in 54% of the revenue Blue Bird Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Alternative Fuel Buses | $648.9M | $726.1M | $798.4M |
| Diesel Buses | $342.0M | $461.2M | $523.4M |
| Parts | $95.7M | $101.8M | $100.2M |
| Product and Service, Other | $46.2M | $58.1M | $58.1M |
Business segments
Bus brought in 93% of the revenue Blue Bird Corp broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Bus | $1.0B | $1.2B | $1.4B |
| Parts | $98.2M | $104.3M | $103.0M |
Regions
United States brought in 89% of the revenue Blue Bird Corp broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $1.0B | $1.2B | $1.3B |
| Canada [member] | $78.9M | $146.6M | $163.7M |
| Rest of World | $5.6M | $1.0M | $2.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue78¢$1.2B
- Research and development1¢$15.2M
- Selling, general and admin9¢$136.3M
- Interest0¢$7.2M
- Income tax3¢$43.9M
- Profit8¢$127.7M
Out of $1.5B in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Share buybacks6¢$9.9M
- Kept or used elsewhere94¢$166.3M
Out of $176.2M of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net sales | $1.5B | $1.3B | $1.1B |
| Cost of goods sold | $1.2B | $1.1B | $993.9M |
| Gross profit | $303.5M | $256.2M | $138.8M |
| Selling, general and administrative expenses | $136.3M | $116.8M | $87.2M |
| Operating profit | $167.2M | $139.3M | $51.7M |
| Interest expense | -$7.2M | -$10.6M | -$18.0M |
| Interest income | $6.2M | $4.1M | $1.0M |
| Other income (expense), net | $3.4M | -$4.4M | -$8.3M |
| Loss on debt refinancing or modification | $0 | -$1.6M | -$537.0K |
| Income before income taxes | $169.6M | $126.9M | $25.8M |
| Income tax expense | -$43.9M | -$33.2M | -$9.0M |
| Equity in net income of non-consolidated affiliate(s) | $2.1M | $11.8M | $7.0M |
| Net income | $127.7M | $105.5M | $23.8M |
| Basic weighted average shares outstanding (in shares) | 31.9M shares | 32.3M shares | 32.1M shares |
| Diluted weighted average shares outstanding (in shares) | 32.9M shares | 33.3M shares | 32.3M shares |
| Basic earnings per share (in dollars per share) | $4.01 | $3.27 | $0.74 |
| Diluted earnings per share (in dollars per share) | $3.88 | $3.16 | $0.74 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.2
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Cash and cash equivalents | $229.3M | $127.7M |
| Accounts receivable, net | $20.6M | $59.1M |
| Inventories | $139.5M | $127.8M |
| Other current assets | $22.2M | $8.8M |
| Total current assets | $411.6M | $323.4M |
| Property, plant and equipment, net | $108.5M | $97.3M |
| Goodwill | $18.8M | $18.8M |
| Intangible assets, net | $41.7M | $43.6M |
| Equity investment in affiliates | $35.2M | $32.1M |
| Deferred tax assets | $2.7M | $2.4M |
| Finance lease right-of-use assets | $0 | $332.0K |
| Pension | $4.9M | $4.6M |
| Other assets | $1.8M | $2.3M |
| Total assets | $625.3M | $524.9M |
| Accounts payable | $151.5M | $143.2M |
| Warranty | $7.5M | $7.2M |
| Accrued expenses | $55.2M | $55.8M |
| Deferred warranty income | $11.3M | $9.4M |
| Finance lease obligations | $0 | $975.0K |
| Other current liabilities | $6.3M | $14.5M |
| Current portion of long-term debt | $5.0M | $5.0M |
| Total current liabilities | $236.8M | $236.0M |
| Revolving credit facility | $0 | $0 |
| Long-term debt | $85.3M | $90.0M |
| Warranty | $9.7M | $9.0M |
| Deferred warranty income | $22.4M | $18.5M |
| Deferred tax liabilities | $5.4M | $2.8M |
| Finance lease obligations | $0 | $6.0K |
| Other liabilities | $10.2M | $9.0M |
| Total long-term liabilities | $133.0M | $129.4M |
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 0 issued and outstanding with liquidation preference of $0 at September 27, 2025 and September 28, 2024 | $0 | $0 |
| Common stock, $0.0001 par value, 100,000,000 shares authorized, 31,884,721 and 32,268,022 shares issued and outstanding at September 27, 2025 and September 28, 2024, respectively | $3.0K | $3.0K |
| Additional paid-in capital | $195.5M | $186.0M |
| Retained earnings | $88.2M | $0 |
| Accumulated other comprehensive loss | -$28.2M | -$26.4M |
| Total stockholders' equity | $255.4M | $159.6M |
| Total liabilities and stockholders' equity | $625.3M | $524.9M |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares |
| Preferred stock, liquidation preference | $0 | $0 |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares |
| Common stock, shares outstanding (in shares) | 31.9M shares | 32.3M shares |
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Cash and cash equivalents | $229.3M | $127.7M |
| Accounts receivable, net | $20.6M | $59.1M |
| Inventories | $139.5M | $127.8M |
| Other current assets | $22.2M | $8.8M |
| Total current assets | $411.6M | $323.4M |
| Property, plant and equipment, net | $108.5M | $97.3M |
| Goodwill | $18.8M | $18.8M |
| Intangible assets, net | $41.7M | $43.6M |
| Equity investment in affiliates | $35.2M | $32.1M |
| Deferred tax assets | $2.7M | $2.4M |
| Finance lease right-of-use assets | $0 | $332.0K |
| Pension | $4.9M | $4.6M |
| Other assets | $1.8M | $2.3M |
| Total assets | $625.3M | $524.9M |
| Accounts payable | $151.5M | $143.2M |
| Warranty | $7.5M | $7.2M |
| Accrued expenses | $55.2M | $55.8M |
| Deferred warranty income | $11.3M | $9.4M |
| Finance lease obligations | $0 | $975.0K |
| Other current liabilities | $6.3M | $14.5M |
| Current portion of long-term debt | $5.0M | $5.0M |
| Total current liabilities | $236.8M | $236.0M |
| Revolving credit facility | $0 | $0 |
| Long-term debt | $85.3M | $90.0M |
| Warranty | $9.7M | $9.0M |
| Deferred warranty income | $22.4M | $18.5M |
| Deferred tax liabilities | $5.4M | $2.8M |
| Finance lease obligations | $0 | $6.0K |
| Other liabilities | $10.2M | $9.0M |
| Total long-term liabilities | $133.0M | $129.4M |
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 0 issued and outstanding with liquidation preference of $0 at September 27, 2025 and September 28, 2024 | $0 | $0 |
| Common stock, $0.0001 par value, 100,000,000 shares authorized, 31,884,721 and 32,268,022 shares issued and outstanding at September 27, 2025 and September 28, 2024, respectively | $3.0K | $3.0K |
| Additional paid-in capital | $195.5M | $186.0M |
| Retained earnings | $88.2M | $0 |
| Accumulated other comprehensive loss | -$28.2M | -$26.4M |
| Total stockholders' equity | $255.4M | $159.6M |
| Total liabilities and stockholders' equity | $625.3M | $524.9M |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares |
| Preferred stock, liquidation preference | $0 | $0 |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares |
| Common stock, shares outstanding (in shares) | 31.9M shares | 32.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net income | $127.7M | $105.5M | $23.8M |
| Depreciation and amortization expense | $15.6M | $14.8M | $16.0M |
| Non-cash interest expense | $330.0K | $390.0K | $1.5M |
| Share-based compensation expense | $14.8M | $8.6M | $4.2M |
| Equity in net income of non-consolidated affiliate(s) | -$9.5M | -$11.8M | -$7.0M |
| Dividend from equity investment in affiliate(s) (Note 17) | $0 | $5.3M | $0 |
| Impairment of equity investment in affiliate(s) (Note 17) | $7.4M | $0 | $0 |
| Loss on disposal of fixed assets | $325.0K | $200.0K | $64.0K |
| Deferred income tax expense (benefit) | $2.9M | -$1.7M | $8.1M |
| Amortization of deferred actuarial pension losses | $279.0K | $687.0K | $1.2M |
| Loss on debt refinancing or modification | $0 | $1.6M | $537.0K |
| Accounts receivable | $38.4M | -$46.5M | -$40.0K |
| Inventories | -$11.7M | $7.5M | $7.7M |
| Other assets | -$15.8M | $971.0K | $453.0K |
| Accounts payable | $8.0M | $6.7M | $28.7M |
| Accrued expenses, pension and other liabilities | -$2.7M | $18.9M | $34.8M |
| Total adjustments | $48.5M | $5.6M | $96.1M |
| Total cash provided by operating activities | $176.2M | $111.1M | $119.9M |
| Cash paid for fixed assets | -$22.9M | -$15.3M | -$8.5M |
| Equity investment in affiliate(s) (Note 17) | -$1.0M | -$552.0K | $0 |
| Total cash used in investing activities | -$23.9M | -$15.8M | -$8.5M |
| Proceeds from lines of credit | $0 | $36.2M | $45.0M |
| Revolving credit facility repayments | $0 | -$36.2M | -$65.0M |
| Term loan borrowings - new credit agreement (Note 8) | $0 | $100.0M | $0 |
| Term loan repayments (Note 8) | -$5.0M | -$135.6M | -$19.8M |
| Principal payments on finance leases | -$981.0K | -$589.0K | -$570.0K |
| Cash paid for debt costs (Note 8) | $0 | -$3.1M | -$3.3M |
| Repurchase of common stock in connection with repurchase program(s) (Note 13) | -$39.5M | -$9.9M | $0 |
| Repurchase of common stock in connection with stock award exercises | $9.9M | $1.2M | $376.0K |
| Cash received from stock option exercises | $4.7M | $3.8M | $1.1M |
| Total cash used in financing activities | -$50.7M | -$46.6M | -$42.9M |
| Change in cash and cash equivalents | $101.6M | $48.7M | $68.5M |
| Interest paid | $7.4M | $9.9M | $16.1M |
| Interest received | -$5.9M | -$3.8M | -$1.0M |
| Income tax paid (received), net of tax refunds | $58.8M | $29.4M | -$29.0K |
| Changes in accounts payable for capital additions to property, plant and equipment | $2.2M | $721.0K | $941.0K |
| Right-of-use assets obtained in exchange for operating lease obligations | $3.3M | $1.7M | $626.0K |
| Warrants issued for equity investment in affiliate (Note 17) | $0 | $7.4M | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Blue Bird Corp sits at the top of its group. 10 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Blue Bird Corp
- FMR LLC Filed SCHEDULE 13G/A on Blue Bird Corp, latest Sep 8, 2026 (8 filings since Nov 12, 2024)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Blue Bird Corp, latest Apr 29, 2026
- Autobus Girardin Ltee Groupe Filed SCHEDULE 13D on Blue Bird Corp, latest Apr 8, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Blue Bird Corp, latest Mar 26, 2026 (4 filings since Nov 4, 2024)
- AMERICAN CENTURY INVESTMENT MANAGEMENT INC Filed SCHEDULE 13G on Blue Bird Corp, latest Feb 13, 2026 (4 filings since May 15, 2025)
- BlackRock Filed SCHEDULE 13G/A on Blue Bird Corp, latest Apr 17, 2025 (4 filings since Jan 29, 2024)
- AllianceBernstein Filed SCHEDULE 13G/A on Blue Bird Corp, latest Nov 15, 2024 (4 filings since Feb 14, 2022)
- Westwood Holdings Group Filed SC 13G on Blue Bird Corp, latest Nov 14, 2024
- Wellington Management Company Filed SC 13G/A on Blue Bird Corp, latest Nov 8, 2024 (2 filings since Feb 8, 2024)
- ASP BB Holdings LLC Filed SC 13D/A on Blue Bird Corp, latest Feb 22, 2024 (4 filings since Jun 14, 2023)
- T. Rowe Price Investment Management, Inc. Filed SC 13G/A on Blue Bird Corp, latest Feb 14, 2024 (2 filings since Feb 14, 2023)
- Coliseum Capital Management, LLC Filed SC 13D/A on Blue Bird Corp, latest Jun 14, 2023 (2 filings since Dec 22, 2021)
- Blue Bird Corp Macon, Georgia
- Blue Bird Body Co. Subsidiary · Georgia, United States
- Canadian Blue Bird Coach, Ltd. Subsidiary · Canada
- Centre Excellence Electrique Inc. Subsidiary · Canada
- Clean Bus Solutions, LLC Subsidiary · Delaware, United States
- Corporation Micro Bird Inc. Subsidiary · Canada
- Micro Bird Holdings Inc. Subsidiary · Canada
- Micro Bird USA Corporation Subsidiary · New York, United States
- Micro Bird USA Holding LLC Subsidiary · Delaware, United States
- Technologies Ecotuned Inc. Subsidiary · Canada
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Blue Bird Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $243.8M2 Sep 27, 2025 | $224.4M2 Sep 28, 2024 | +8.6% |
| Accumulated depreciation | $141.3M2 Sep 27, 2025 | $131.4M2 Sep 28, 2024 | +7.5% |
| Property and equipment, net | $108.5M2 Sep 27, 2025 | $97.3M2 Sep 28, 2024 | +11.5% |
| Finance-lease assets | $02 Sep 27, 2025 | $332.0K2 Sep 28, 2024 | −100.0% |
| Operating-lease assets (leased space) | $6.1M2 Sep 27, 2025 | $4.4M2 Sep 28, 2024 | +40.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $229.3M2 Sep 27, 2025 | $127.7M2 Sep 28, 2024 | +79.6% |
| Stakes in other companies (equity method) | $35.2M2 Sep 27, 2025 | $32.1M2 Sep 28, 2024 | +9.7% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $18.8M2 Sep 27, 2025 | $18.8M2 Sep 28, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $41.7M2 Sep 27, 2025 | $43.6M2 Sep 28, 2024 | −4.3% |
| Finite-lived intangibles, gross | $40.6M2 Sep 27, 2025 | $40.6M2 Sep 28, 2024 | 0% |
| Accumulated amortization | $38.7M2 Sep 27, 2025 | $36.8M2 Sep 28, 2024 | +5.1% |
| Finite-lived intangibles, net | $1.9M2 Sep 27, 2025 | $3.7M2 Sep 28, 2024 | −50.0% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $139.5M2 Sep 27, 2025 | $127.8M2 Sep 28, 2024 | +9.1% |
| Raw materials | $81.3M2 Sep 27, 2025 | $83.0M2 Sep 28, 2024 | −2.1% |
| Work in process | $42.8M2 Sep 27, 2025 | $32.6M2 Sep 28, 2024 | +31.6% |
| Finished goods | $15.4M2 Sep 27, 2025 | $12.2M2 Sep 28, 2024 | +25.8% |
Properties, in its own words
Our corporate headquarters are located in Macon, Georgia and we have an additional small satellite office in Troy, Michigan. Our Bus segment operates a fabrication plant and an integrated chassis manufacturing and body assembly plant in Fort Valley, Georgia, where components for Type C, Type D, and specialty buses are manufactured and assembled, and an inventory warehouse that supplies these plants in Perry, Georgia. Our Parts segment operates a parts distribution center located in Delaware, Ohio. We own our facilities in Fort Valley, Georgia (approximately 1.5 million square feet). We lease facilities in Macon, Georgia (approximately 0.1 million square feet), Perry, Georgia (approximately 0.1 million square feet), Troy, Michigan (approximately 5 thousand square feet) and Delaware, Ohio (approximately 0.1 million square feet). Our Micro Bird joint venture leases its facilities in Drummondville, Quebec, Canada (approximately 0.2 million square feet) and Plattsburgh, New York (approximately 0.2 million square feet).
Item 2 of the 10-K filed Nov 24, 2025.5
Leadership
Who has led Blue Bird Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerJohn Wyskiel Feb 18, 2025 to now14
- Chief executive officerMatthew Stevenson Dec 14, 2021 to Jul 6, 202215
- Chief executive officerPhil Horlock Mar 6, 2015 to Dec 10, 202416
- Chief executive officerDaniel J. Hennessy Jan 16, 2014 to Jan 24, 201417
- ChairDaniel J. Hennessy Jan 16, 2014 to Jan 24, 201417
- PresidentJohn Wyskiel Feb 18, 2025 to now14
- PresidentBritton Smith Jun 7, 2023 to Sep 13, 202418
- PresidentMatthew Stevenson Jul 1, 2021 to Jul 6, 202219
- PresidentPhil Horlock Mar 6, 2015 to Dec 10, 202416
- PresidentKevin M. Charlton Jan 16, 2014 to Jun 13, 201420
- Chief financial officerRazvan Radulescu Oct 1, 2021 to now21
- Chief financial officerJeffery L. Taylor Jun 2, 2020 to Dec 15, 202022
- Chief financial officerPhillip Tighe Mar 6, 2015 to Jun 14, 202123
- Chief operating officerJeffrey Scott Sanfrey Oct 31, 2025 to now24
- Chief operating officerCharles R. Jenkins Iii. Nov 25, 2019 to Mar 16, 202125
- Chief operating officerJohn Kwapis Mar 6, 2015 to Jun 13, 201626
- Chief operating officerKevin M. Charlton Jan 16, 2014 to Jun 13, 201420
Board members and other officers (34)
- Chief Commercial OfficerMark Ashburn Terry Apr 20, 2016 to Jun 10, 202027
- Chief Adminstration OfficerThomas Arthur Roberts Apr 20, 2016 to Nov 2, 202128
- Chief Commercial OfficerDale Wendell Mar 6, 2015 to Jun 13, 201629
- OfficerPaul Yousif Mar 6, 2015 to Jan 5, 201730
- Board memberSteve Girardin Apr 9, 2026 to now31
- Board memberJohn Wyskiel Feb 18, 2025 to now14
- Board memberEdward T. Hightower Oct 28, 2024 to now32
- Board memberDaniel Mark Thau Dec 6, 2024 to now33
- Board memberSimon J. Newman Jun 5, 2023 to now34
- Board memberMark Blaufuss Jun 9, 2023 to now35
- Board memberJulie A. Fream Nov 7, 2023 to now36
- Board memberMatthew Stevenson Dec 14, 2021 to Jul 6, 202215
- Board memberJared Sperling Dec 2, 2020 to Dec 2, 202037
- Board memberKathleen Shaw Mar 7, 2019 to Apr 6, 202238
- Board memberConnor Wentzell Dec 14, 2018 to Dec 14, 201839
- Board memberDouglas J. Grimm Apr 3, 2017 to now40
- Board memberKevin S. Penn Jun 10, 2016 to now41
- Board memberMichael E. Sand Jun 10, 2016 to Jun 10, 201642
- Board memberAdam Gray Feb 26, 2015 to Sep 18, 202343
- Board memberChristopher S. Shackelton Feb 26, 2015 to Sep 18, 202343
- Board memberDaniel J. Hennessy Feb 26, 2015 to Sep 5, 201844
- Board memberAlan Schumacher Mar 6, 2015 to Jun 5, 202345
- Board memberChan Galbato Mar 6, 2015 to Apr 6, 202246
- Board memberDennis M. Donovan Mar 6, 2015 to Apr 5, 201647
- Board memberDev Kapadia Mar 6, 2015 to Apr 5, 201648
- Board memberGurminder S. Bedi Mar 6, 2015 to Aug 13, 202449
- Board memberJames Marcotuli Mar 6, 2015 to Jun 2, 201550
- Board memberPhil Horlock Mar 6, 2015 to now16
- Board memberBradley J. Bell Jan 16, 2014 to Jan 24, 201451
- Board memberJoseph Tabet Jan 16, 2014 to Jan 24, 201452
- Board memberKevin M. Charlton Jan 16, 2014 to Jun 13, 201420
- Board memberRichard Edward Burns Jan 16, 2014 to Jan 24, 201453
- General counselTed Scartz May 18, 2022 to now54
- General counselPaul Yousif Dec 12, 2017 to Mar 2, 202255
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Blue Bird Body Co. Georgia4
- Canadian Blue Bird Coach, Ltd. Canada4
- Centre Excellence Electrique Inc. Canada4
- Clean Bus Solutions, LLC Delaware4
- Corporation Micro Bird Inc. Canada4
- Micro Bird Holdings Inc. Canada4
- Micro Bird USA Corporation New York4
- Micro Bird USA Holding LLC Delaware4
- Micro Bird USA LLC Delaware4
- Technologies Ecotuned Inc. Canada4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Hennessy Capital Acquisition Corp.Oct 18, 2013 to Feb 25, 20153
Timeline
- Oct 6, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure56
- Oct 1, 20268-K Other events57
- Aug 5, 20268-K Entered a material agreement; Regulation FD disclosure58
- Aug 5, 20268-K Results of operations; Regulation FD disclosure59
- May 18, 20268-K Entered a material agreement60
- May 6, 20268-K Results of operations; Regulation FD disclosure61
- May 4, 20268-K Executive or director change62
- Apr 2, 20268-K Completed an acquisition or sale; Unregistered sale of shares; Executive or director change63
- Mar 11, 20268-K Executive or director change; Shareholder vote64
- Feb 17, 20268-K Entered a material agreement; Regulation FD disclosure65
- Feb 4, 20268-K Results of operations; Regulation FD disclosure66
- Dec 29, 20258-K Executive or director change; Other events67
- Feb 18, 2025New chief executive John Wyskiel becomes CEO14
- Dec 14, 2021New chief executive Matthew Stevenson becomes CEO15
- Mar 6, 2015New chief executive Phil Horlock becomes CEO16
- Jan 16, 2014New chief executive Daniel J. Hennessy becomes CEO17
Calendar
Coming up
- Nov 23, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.28 a share, on Nov 24, 2025.68
When it reported results
- Aug 5, 2026Reported quarterly or annual results59
- May 6, 2026Reported quarterly or annual results61
- Feb 4, 2026Reported quarterly or annual results66
- Nov 24, 2025Reported quarterly or annual results69
- Aug 6, 2025Reported quarterly or annual results70
- May 7, 2025Reported quarterly or annual results71
- Feb 5, 2025Reported quarterly or annual results72
- Nov 25, 2024Reported quarterly or annual results73
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
346 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 69 major events, 144 insider forms, 39 large holders, 74 other. The latest 20:
- Oct 6, 20268-K EDGAR
- Oct 1, 20268-K EDGAR
- Oct 1, 2026424B7 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 2026144 EDGAR
- Sep 8, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 20264 EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Aug 5, 20268-K EDGAR
- May 27, 2026SD EDGAR
- May 20, 20264 EDGAR
- May 18, 20268-K EDGAR
- May 6, 2026S-8 EDGAR
- May 6, 202610-Q EDGAR
- May 6, 20268-K EDGAR
- May 6, 2026SCHEDULE 13G/A EDGAR
- May 4, 20268-K/A EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
The 346 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
59 open-market trades by officers, directors and large owners since October 2021: 6 buys and 53 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 16, 2026 | Sanfrey Jeffrey ScottChief Operating Officer | Sale | 4,000 | $62.40 | $249.6K | Form 4 |
| Aug 12, 2026 | Thau Daniel MarkDirector | Buy | 350 | $64.37 | $22.5K | Form 4 |
| May 19, 2026 | Thau Daniel MarkDirector | Buy | 300 | $65.09 | $19.5K | Form 4 |
| Mar 4, 2026 | Sanfrey Jeffrey ScottChief Operating Officer | Sale | 5,192 | $58.54 | $303.9K | Form 4 |
| Feb 19, 2026 | Radulescu RazvanChief Financial Officer | Sale | 3,925 | $60.98 | $239.3K | Form 4 |
| Dec 17, 2025 | Radulescu RazvanChief Financial Officer | Sale | 7,006 | $51.58 | $361.4K | Form 4 |
| Dec 12, 2025 | Horlock PhilDirector | Sale | 15,381 | $50.42 | $775.5K | Form 4 |
| Dec 10, 2025 | Radulescu RazvanChief Financial Officer | Sale | 7,984 | $50.39 | $402.3K | Form 4 |
| Dec 4, 2025 | Thau Daniel MarkDirector | Buy | 400 | $51.05 | $20.4K | Form 4 |
| Sep 12, 2025 | Horlock PhilDirector | Sale | 13,578 | $58.00 | $787.5K | Form 4 |
| Sep 2, 2025 | Radulescu RazvanChief Financial Officer | Sale | 6,709 | $57.41 | $385.2K | Form 4 |
| Aug 28, 2025 | Horlock PhilDirector | Sale | 13,000 | $59.02 | $767.3K | Form 4 |
| Aug 18, 2025 | Horlock PhilDirector | Sale | 21,129 | $58.16 | $1.2M | Form 4 |
| Aug 15, 2025 | Horlock PhilDirector | Sale | 21,129 | $57.18 | $1.2M | Form 4 |
| Aug 13, 2025 | Horlock PhilDirector | Sale | 15,848 | $56.06 | $888.4K | Form 4 |
| Aug 12, 2025 | Scartz TedSVP General Counsel | Sale | 8,877 | $55.22 | $490.2K | Form 4 |
| Aug 8, 2025 | Radulescu RazvanChief Financial Officer | Sale | 700 | $60.02 | $42.0K | Form 4 |
| Aug 8, 2025 | Horlock PhilDirector | Sale | 30,000 | $60.00 | $1.8M | Form 4 |
| Aug 7, 2025 | Radulescu RazvanChief Financial Officer | Sale | 10,000 | $53.21 | $532.1K | Form 4 |
| Jul 8, 2025 | Radulescu RazvanChief Financial Officer | Sale | 10,000 | $45.19 | $451.9K | Form 4 |
All 59 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FMR LLCSCHEDULE 13G/A, 8 filings Nov 12, 2024 to Sep 8, 202674
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202675
- Autobus Girardin Ltee GroupeSCHEDULE 13D, 1 filing Apr 8, 202676
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Nov 4, 2024 to Mar 26, 202677
- AMERICAN CENTURY INVESTMENT MANAGEMENT INCSCHEDULE 13G, 4 filings May 15, 2025 to Feb 13, 202678
- BlackRockSCHEDULE 13G/A, 4 filings Jan 29, 2024 to Apr 17, 202579
- AllianceBernsteinSCHEDULE 13G/A, 4 filings Feb 14, 2022 to Nov 15, 202480
- Westwood Holdings GroupSC 13G, 1 filing Nov 14, 202481
- Wellington Management CompanySC 13G/A, 2 filings Feb 8, 2024 to Nov 8, 202482
- ASP BB Holdings LLCSC 13D/A, 4 filings Jun 14, 2023 to Feb 22, 202483
- T. Rowe Price Investment Management, Inc.SC 13G/A, 2 filings Feb 14, 2023 to Feb 14, 202484
- Coliseum Capital Management, LLCSC 13D/A, 2 filings Dec 22, 2021 to Jun 14, 202385
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202386
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Philip HorlockFormer President and Chief Executive Officer | $420.5K | $6.6M87 | |
| 2025 | John WyskielDirector, President and Chief Executive Officer | 61 | $524.7K | $3.4M87 |
| 2025 | Razvan RadulescuChief Financial Officer | 51 | $574.8K | $2.9M87 |
| 2025 | Ted ScartzSVP and General Counsel | 55 | $428.8K | $1.4M87 |
| 2024 | Philip HorlockFormer President and Chief Executive Officer | $1.0M | $4.8M87 | |
| 2024 | Razvan RadulescuChief Financial Officer | 51 | $511.2K | $2.1M87 |
| 2024 | Ted ScartzSVP and General Counsel | 55 | $357.9K | $982.5K87 |
| 2023 | Philip HorlockFormer President and Chief Executive Officer | $378.8K | $4.5M87 | |
| 2023 | Razvan RadulescuChief Financial Officer | 51 | $479.4K | $2.6M87 |
| 2023 | Ted ScartzSVP and General Counsel | 55 | $309.1K | $1.6M87 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Fmr LLC | 3,017,353 | $238.3M | 0.0% | +475,970 |
| BlackRock, Inc. | 2,627,824 | $207.5M | 0.0% | +37,751 |
| American Century Companies Inc | 1,596,312 | $126.0M | 0.1% | −164,339 |
| Vanguard Capital Management LLC | 1,401,431 | $110.7M | 0.0% | +10,824 |
| Westwood Holdings Group Inc | 1,240,236 | $97.9M | 0.7% | −414,534 |
| Jupiter Topco LLC | 1,193,431 | $94.2M | 0.0% | New |
| Wellington Management Group Llp | 995,188 | $78.6M | 0.0% | −22,979 |
| Geode Capital Management, LLC | 874,048 | $69.0M | 0.0% | +46,926 |
| Bank Of America Corp /de/ | 805,031 | $63.6M | 0.0% | +275,686 |
| State Street Corp | 803,872 | $63.5M | 0.0% | +51,559 |
| Dimensional Fund Advisors LP | 719,465 | $56.8M | 0.0% | +30,534 |
| 325 Capital LLC | 711,390 | $56.2M | 13.4% | +31,564 |
| Allspring Global Investments Holdings, LLC | 662,955 | $51.6M | 0.1% | +156,290 |
| Neumeier Poma Investment Counsel LLC | 647,540 | $51.1M | 3.5% | +22,345 |
| Goldman Sachs Group Inc | 578,967 | $45.7M | 0.0% | +53,062 |
| Oberweis Asset Management Inc/ | 529,838 | $41.8M | 0.9% | +140,600 |
| Aberdeen Group plc | 515,863 | $40.7M | 0.1% | New |
| Vanguard Portfolio Management LLC | 454,852 | $35.9M | 0.0% | +29,412 |
| Aqr Capital Management LLC | 438,902 | $34.7M | 0.0% | +59,405 |
| Empowered Funds, LLC | 365,954 | $28.9M | 0.2% | −42,760 |
| Victory Capital Management Inc | 344,899 | $27.2M | 0.0% | +30,488 |
| Nuveen, LLC | 337,116 | $26.6M | 0.0% | +3,144 |
| Blair William & Co/il | 320,966 | $25.3M | 0.1% | +230 |
| Marshall Wace, Llp | 311,124 | $24.6M | 0.0% | +140,212 |
| Alliancebernstein L.P. | 428,393 | $24.3M | 0.0% | −66,255 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Apr 7, 2025 | Julie JohnsonDemocratic, House | Sale | $1,001 - $15,000 | −25.8% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Blue Bird Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBlue Bird Corp1
- CIK0001589526
- Employer ID (EIN)46-38919895
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsOctober 31
- Industry code (SIC)3713 Truck & Bus Bodies1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address3920 Arkwright Road, Suite 200, Macon, GA 312101
- Phone478-822-28011
- Shares outstanding31,676,039 as of Jul 31, 202611
- Public float$1.0B as of Mar 29, 20255
- AuditorBDO USA, P.C., Atlanta, Georgia PCAOB ID 243; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceOct 18, 20131
- Filings889 in all: 4 (316), 8-K (158), 3 (47), 10-Q (38), 144 (33), SC 13G/A (33), 4/A (22), SC 13D/A (22)1
All 50 form types
SC 13G (21), UPLOAD (20), CORRESP (16), DEFA14A (14), SCHEDULE 13G/A (13), 10-K (12), DEF 14A (12), SC TO-I/A (11), SD (11), 424B3 (10), 8-K/A (10), EFFECT (6), SC 13D (6), S-3 (5), S-1/A (4), S-8 (4), 144/A (3), 424B7 (3), DRSLTR (3), FWP (3), PRE 14A (3), PRER14A (3), SC TO-C (3), SCHEDULE 13G (3), 10-K/A (2), 25-NSE (2), SC TO-I (2), 10-Q/A (1), 424B4 (1), 8-A12B (1), ARS (1), CERTNAS (1), DEFM14A (1), DRS (1), DRS/A (1), NT 10-Q (1), PREM14A (1), S-1 (1), S-3/A (1), S-3ASR (1), SCHEDULE 13D (1), SD/A (1)
- Latest filingsAnnual report (10-K) Nov 24, 2025
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Jan 26, 2026
Latest 8-K (8-K) Oct 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, $0.0001 par value | BLBD | NASDAQ Global Market |
From the cover page of the 10-K filed Nov 24, 2025 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Blue Bird Corp names in Item 1A of its 10-K filed Nov 24, 2025: 43 risks under these headings, as written.5
- Supply Chain Disruptions
- Disruptions or other developments negatively impacting our workforce or workplace conditions
- Reduced profitability and liquidity, resulting in the restructuring of our credit facilities, and/or inadequate access to credit and capital markets
- Current and future military conflicts could cause additional supply chain disruptions that could have a material adverse impact on our business, results of operations, financial condition and cash flows.
- General economic conditions in the markets we serve have a significant impact on demand for our buses.
- We may be unable to obtain critical components from suppliers, which could disrupt or delay our ability to deliver products to customers.
- We rely substantially on single-source suppliers which could materially and adversely impact us if they were to interrupt the supply of component parts to us.
- Our products may not achieve or maintain market acceptance or competing products could gain market share, which could adversely affect our competitive position.
- Our business can be cyclical, which has had, and could have future, adverse effects on our sales and results of operations and lead to significant shifts in our results of operations from quarter to quarter that make it difficult to project long-term performance.
- Our costs to produce, and our ability to sell, our products may be negatively impacted by changes in trade policies and tariffs.
- At times we enter into firm fixed-price school bus sales contracts without price escalation clauses that could subject us to reduced gross profits or losses if we have cost overruns or if our costs increase.
- New laws, regulations or governmental policies regarding environmental, health and safety standards, or changes in existing ones, may have a significant negative impact on how we do business.
The other 32 risks
- Safety or durability incidents associated with a school bus malfunction may result in loss of school bus sales that could have material adverse effects on our business.
- Disruption of our manufacturing and distribution operations would have an adverse effect on our financial condition, results of operations and cash flows.
- Disputes with the labor union may adversely affect our ability to operate, as well as impact our financial results.
- Rationalization or restructuring of manufacturing facilities, including plant expansions and system upgrades at our manufacturing facilities, may cause production capacity constraints and inventory fluctuations.
- We may incur material losses and costs related to product warranty claims.
- We may incur material losses and costs as a result of product liability claims and recalls.
- A failure to renew dealer agreements or cancellation of, or significant delay in, new bus orders may result in unexpected declines in revenue and profitability.
- Changes in laws or regulations related to the manufacture of school buses, or a failure to comply with such laws and regulations, could adversely affect our business and results of operations.
- Environmental obligations and liabilities could have a negative impact on our financial condition, cash flows and profitability.
- Our future competitiveness and ability to achieve long-term profitability depend on our ability to control costs, which requires us to improve our organization continuously and to increase operating efficiencies and reduce costs.
- Our operating results may vary widely from period to period due to the sales cycle, seasonal fluctuations and other factors.
- We have recently initiated actions to terminate our defined benefit pension plan during fiscal 2026 and the amount of pension funding required in connection with the termination could be significant due to, among other factors, decreasing interest rates, investments that do not achieve adequate returns and/or the degree of our success in our negotiations with the insurance company from which we will purchase group annuity contracts to pay pension obligations due to participants in future years.
- Our current or future indebtedness could impair our financial condition and reduce the funds available to us for growth or other purposes. Our debt agreements impose certain operating and financial restrictions, with which failure to comply could result in an event of default that could adversely affect our business.
- Our profitability depends on achieving certain minimum school bus sales volumes and margins. If school bus sales deteriorate, our results of operations, financial condition, and cash flows will suffer.
- Changes in laws, regulations or governmental policies and programs involving grants, subsidies and/or other incentives may negatively impact our sale of alternative powered school buses.
- If Huntington Distribution Finance, Inc. cannot provide financial services to our dealers and customers to acquire our products, our sales and results of operations could deteriorate.
- We rely heavily on trade secrets to gain a competitive advantage in the market and in the event of the unenforceability of our nondisclosure agreements, our operations may adversely affected.
- Our intellectual property rights may not be successfully asserted in the future or may be invalidated, circumvented or challenged.
- Our business could be materially adversely affected by changes in foreign currency exchange rates.
- The manufacture of Type A school buses and commercial buses is conducted by the Micro Bird joint venture that we do not control and cannot operate solely for our benefit.
- General Risk Factors
- The inability to attract and retain key personnel could adversely affect our business and results of operations.
- Our worker’s compensation insurance may not provide adequate coverage against potential liabilities.
- We may need additional financing to execute our business plan and fund operations, which additional financing may not be available on reasonable terms or at all.
- Interest rates could change substantially, materially impacting our profitability.
- An impairment in the carrying value of goodwill and other long-lived intangible assets could negatively affect our operating results.
- The failure of our information technology networks and systems could result in the inoperability of our critical business processes and substantially disrupt our operations.
- A cybersecurity incident could compromise the confidentiality, integrity, and/or availability of our proprietary electronic information.
- Other Risk Factors Relating to an Investment in Our Common Stock
- Our only significant asset is ownership of 100% of the capital stock of Blue Bird Body Company and we do not currently intend to pay cash dividends on our common stock. Consequently, stockholders' ability to achieve a return on their investment will depend on appreciation in the price of our common stock.
- There can be no assurance that we will continue to repurchase shares of our common stock.
- Shares of our common stock are reserved for current and future issuance, which would have the effect of diluting the existing shareholders.
- Anti-takeover provisions contained in our certificate of incorporation and bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
Legal proceedings
In the ordinary course of business, we may be a party to various legal proceedings from time to time. We do not believe that there is any pending or threatened proceeding against us, which, if determined adversely, would have a material effect on our business, results of operations, or financial condition.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBlue Bird Corp filings on SEC EDGAR
- 2SEC EDGARBlue Bird Corp 10-K for fiscal 2025
- 3SEC EDGARBlue Bird Corp filings on SEC EDGAR
- 4
- 5
- 6SEC EDGARBlue Bird Corp 10-K for fiscal 2018
- 7SEC EDGARBlue Bird Corp 10-K for fiscal 2019
- 8SEC EDGARBlue Bird Corp 10-K for fiscal 2020
- 9SEC EDGARBlue Bird Corp 10-K for fiscal 2021
- 10SEC EDGARBlue Bird Corp 10-Q for fiscal 2026
- 11SEC EDGARBlue Bird Corp 10-Q for fiscal 2026
- 12SEC EDGARBlue Bird Corp 10-K for fiscal 2018
- 13SEC EDGARBlue Bird Corp 10-K for fiscal 2023
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- 18SEC EDGARBritton Smith, President
- 19SEC EDGARMatthew Stevenson, President
- 20SEC EDGARKevin M. Charlton, President
- 21
- 22
- 23
- 24
- 25
- 26SEC EDGARJohn Kwapis, Chief operating officer
- 27
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- 29
- 30SEC EDGARPaul Yousif, Officer
- 31SEC EDGARSteve Girardin, Board member
- 32SEC EDGAREdward T. Hightower, Board member
- 33SEC EDGARDaniel Mark Thau, Board member
- 34SEC EDGARSimon J. Newman, Board member
- 35SEC EDGARMark Blaufuss, Board member
- 36SEC EDGARJulie A. Fream, Board member
- 37SEC EDGARJared Sperling, Board member
- 38SEC EDGARKathleen Shaw, Board member
- 39SEC EDGARConnor Wentzell, Board member
- 40SEC EDGARDouglas J. Grimm, Board member
- 41SEC EDGARKevin S. Penn, Board member
- 42SEC EDGARMichael E. Sand, Board member
- 43SEC EDGARAdam Gray, Board member
- 44SEC EDGARDaniel J. Hennessy, Board member
- 45SEC EDGARAlan Schumacher, Board member
- 46SEC EDGARChan Galbato, Board member
- 47SEC EDGARDennis M. Donovan, Board member
- 48SEC EDGARDev Kapadia, Board member
- 49SEC EDGARGurminder S. Bedi, Board member
- 50SEC EDGARJames Marcotuli, Board member
- 51SEC EDGARBradley J. Bell, Board member
- 52SEC EDGARJoseph Tabet, Board member
- 53SEC EDGARRichard Edward Burns, Board member
- 54SEC EDGARTed Scartz, General counsel
- 55SEC EDGARPaul Yousif, General counsel
- 56
- 57SEC EDGAROther events
- 58
- 59
- 60SEC EDGAREntered a material agreement
- 61
- 62SEC EDGARExecutive or director change
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- 68NasdaqNasdaq calendar
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