Blue Bird Corporation, the designer and manufacturer of electric and low-emission school buses, has announced a net loss of $12.1 million for the second quarter of its 2022 fiscal year, ending 2 April 2022. This is compared to a net loss of $619,000 reported for the second quarter of fiscal year 2021.
The company’s net sales figure for the quarter was $207.7 million, compared to net sales of $164.7 reported for Q2 2021.
The Macon, Georgia-based company also reported results for the first six months of its 2022 fiscal year ending 2 April 2022. Its net loss for the period was $16.2 million, compared to a net loss of $2.2 million reported for the first six months of its 2021 fiscal year. Revenue for the six-month period was $336.9 million, compared to a net loss of $295.1 million reported for the first six months of its 2021 fiscal year.
Matthew Stevenson, president and chief executive of Blue Bird Corporation, said: “We are combining our first-rate chassis-building capabilities with our technology leadership in electric zero-emission transportation solutions. Blue Bird showcased at ACT Expo a flexible Class 5-6 electric chassis which will enable a broad range of zero-emission vehicles, including last-mile delivery step vans, motorhomes, and other specialty vehicles. With a market size of more than 30,000 units we will effectively double our total addressable market.”
Date published: 13 May 2022