MACON, Ga., July 17, 2024--(BUSINESS WIRE)-- In other recent news, Blue Bird Corporation, a leading manufacturer of school buses, has announced significant developments. The company, in partnership with IMMI, is set to introduce advanced safety features on its vehicles from 2024. This includes three-point seat belts for all passengers and a steering wheel deployed airbag for drivers, along with high-intensity LED lighting, high-resolution cameras, and enhanced visibility elements.
Analysts from Craig-Hallum and DA Davidson have raised their price targets on Blue Bird shares, reflecting the company's strong financial performance and market position, especially in the electric school bus segment. Barclays has maintained its Overweight rating on Blue Bird, highlighting the expansion of the company's Total Addressable Market due to its step van offering.
Blue Bird has also negotiated a three-year collective bargaining agreement with the United Steelworkers union, enhancing employee offerings and reinforcing its reputation as a preferred employer in the industry.
In other recent news, Blue Bird Corporation, a leading manufacturer of school buses, has announced significant developments. The company, in partnership with IMMI, is set to introduce advanced safety features on its vehicles from 2024. This includes three-point seat belts for all passengers and a steering wheel deployed airbag for drivers, along with high-intensity LED lighting, high-resolution cameras, and enhanced visibility elements.
Analysts from Craig-Hallum and DA Davidson have raised their price targets on Blue Bird shares, reflecting the company's strong financial performance and market position, especially in the electric school bus segment. Barclays has maintained its Overweight rating on Blue Bird, highlighting the expansion of the company's Total Addressable Market due to its step van offering.
Blue Bird has also negotiated a three-year collective bargaining agreement with the United Steelworkers union, enhancing employee offerings and reinforcing its reputation as a preferred employer in the industry.
Additionally, strategic changes have been announced in its Sales and Marketing division, promoting Tim Gordon to Senior Vice President of Sales and Marketing, Albert Burleigh to Vice President of North America Bus Sales, and Jenna Van Harpen to Vice President of National Fleet Sales.
These are recent developments that mark a significant period for the company.
About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. Blue Bird buses carry the most precious cargo in the world – the majority of 25 million children twice a day – making us the most trusted brand in the industry. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations for future financial performance, business strategies or expectations for our business. Specifically, forward-looking statements include statements in this press release regarding guidance, seasonality, product mix and gross profits and may include statements relating to:
Inherent limitations of internal controls impacting financial statements
Growth opportunities
Future profitability
Ability to expand market share
Customer demand for certain products
Economic conditions (including tariffs) that could affect fuel costs, commodity costs, industry size and financial conditions of our dealers and suppliers
Labor or other constraints on the Company’s ability to maintain a competitive cost structure
Volatility in the tax base and other funding sources that support the purchase of buses by our end customers
Lower or higher than anticipated market acceptance for our products
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