Higher prices drive sales growth for school-bus provider

  • Blue Bird swings to a profit in Q4
  • Sales surge on higher prices
  • Profit of $18.6 million, beating expectations
  • Revenue rises 18% to $303 million

Blue Bird, the Macon-based school-bus provider, reported a strong performance in the fiscal fourth quarter. The company swung to a profit of $18.6 million, or 58 cents a share, compared to a loss of $23.1 million, or 72 cents a share, in the same period last year. Adjusted per-share earnings came in at 66 cents, surpassing analysts’ expectations of 49 cents. The revenue also saw a significant increase, rising 18% to $303 million, driven by a 12% increase in average price and higher unit sales.

Factuality Level: 8
Factuality Justification: The article provides specific financial figures and compares them to analyst expectations, indicating a higher profit and revenue than expected. The information is supported by sources such as FactSet. However, the article lacks additional context or analysis, and does not provide any information on the reasons behind the increase in sales or the factors contributing to the profit.
Noise Level: 7
Noise Justification: The article provides some relevant information about Blue Bird’s financial performance, such as the increase in sales and profit. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It mainly focuses on financial figures and does not explore the consequences of the company’s decisions or hold powerful people accountable. The article also lacks evidence or data to support its claims. Overall, it contains some noise and filler content, but it is not completely irrelevant or misleading.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the school-bus industry and potentially the automotive industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not mention any extreme events or significant impacts on financial markets or companies. It primarily focuses on Blue Bird’s financial performance and sales growth.
Public Companies: Blue Bird (N/A)
Key People:

Reported publicly: www.marketwatch.com