Blue Bird Corporation (NASDAQ:BLBD) Q3 2023 Earnings Conference Call August 9, 2023 4:30 PM ET
Company Participants
Mark Benfield - Executive Director, Profitability & IR
Philip Horlock - CEO & Director
Razvan Radulescu - CFO, Principal Financial & Principal Accounting Officer
Conference Call Participants
Aaron Spychalla - Craig-Hallum
Michael Shlisky - D.A. Davidson & Co.
Operator
Hello, and welcome to the Blue Bird Corporation Fiscal 2023 Third Quarter Earnings Call. My name is Lauren, and I will be coordinating your call today. [Operator Instructions].
I will now hand you over to your host, Mark Benfield, Head of Investor Relations, to begin. Mark, please go ahead.
Mark Benfield
Thank you, and welcome to Blue Bird's fiscal 2023 Third Quarter Earnings Conference Call. The audio for our call is webcast live on blue-bird.com under the Investor Relations tab. You can access the supporting slides on our website by clicking on the presentations box on the IR landing page.
Our comments today include forward-looking statements that are subject to risks that could cause actual results to be materially different. Those risks include, among others, matters we have noted on the following 2 slides and in our filings with the SEC. Blue Bird disclaims any obligation to update the information in this call. This afternoon, you will hear from Blue Bird's CEO, Philip Horlock; and CFO, Razvan Radulescu. Then we will take some questions.
Let's get started. Phil?
Philip Horlock
Well, thank you, Mark, and good afternoon, everybody. First, let me say it's great to be back at Blue Bird, and the team here has done a fantastic job in delivering results ahead of schedule, which will be evident as Razvan and I cover the third quarter financial results today.
To set the stage, at the last earnings call, you saw the 180-degree shift in our second quarter financial results compared with last year. Well, in the third quarter, I'm pleased to say that we've improved on the second quarter results and had an outstanding quarter. So let's get started with the key takeaways for the third quarter on Slide 6.
Market demand for school buses continues to be strong, and the backlog for Blue Bird school buses was at 5,200 units at the end of the third quarter. Now we are still dealing with supply chain constraints across the industry, which although easing is limiting industry production and deliveries, but we are managing this very well.