Home Technology Technolgy News In Focus: Blue Bird Corporation (NASDAQ: BLBD)

Technolgy News In Focus: Blue Bird Corporation (NASDAQ: BLBD)

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Blue Bird Corporation (NASDAQ: BLBD), the most important independent designer and maker of school buses, declared its fiscal 2017 complete year and 4th-quarter results.

4th-Quarter 2017 Results:

Net Sales:

Total net sales were $312.7M for the 4th-quarter of fiscal 2017, a boost of $26.3M, or 9.20%, from prior year period.

Bus unit sales were 3,608.00 units for the quarter contrast with 3,308.00 units for the similar period last year.

Gross Profit:

4th-quarter gross profit of $39.5M represents a boost of $0.8M from the 4th-quarter of last year.

Income/Loss from Continuing Operations:

Income from continuing operations was $14.4M for the 4th-quarter of fiscal 2017, a boost of $3.3M a contrast with the similar period last year.

The increase was mainly driven by lower operating and interest costs, partially offset by higher tax expense.

Adjusted Income from Continuing Operations:

Adjusted Income from Continuing Operations was $15.1M, representing a boost of $1.8M a contrast with the similar period last year.

Adjusted EBITDA:

Adjusted EBITDA was $25.10M, or 8.00% of net sales, for the 4th-quarter of fiscal 2017, representing a boost of $0.8M a contrast with the 4th-quarter of the prior year.

Complete Year 2017 Results:

Net Sales:

Total net sales were $990.6M for the fiscal year finished September 30, 2017, a boost of $58.6M, or 6.30%, contrast with the prior year.

This was mainly driven by higher bus unit sales, which were 701.00 units above the similar period last year.

Gross Profit:

Complete year gross profit was $127.4M, a decrease of $2.0M from the prior year.

Income/Loss from Continuing Operations;

Income from continuing operations was $28.8M for the fiscal year finished September 30, 2017, which was $21.5M above the similar period in the prior year. The increase was mainly driven by a decrease of $29.9M in selling, general and administrative costs, which was partially offset by a decrease of $2.0M in gross profit.

Adjusted Income from Continuing Operations:

Adjusted Income from Continuing Operations was $37.1M, representing a boost of $10.4M contrast with the prior year.

Adjusted EBITDA:

Adjusted EBITDA was $68.9M, or 7.00% of net sales, for the fiscal year finished September 30, 2017, a decrease of $3.3M from the prior year. The decrease in adjusted EBITDA was mainly the result of lower gross profit.

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Anoop Maurya
Anoop Maurya is Newspaper Head and Chief Content writer at chopnews. He is always motivated and passionate for his work and always try to give his best. He always try to learn new things. He is focused to his target and always Dream big to achieve a lot. He always motivate other to Dream Big and achieve Big and Be a Role Model for Every one.

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