Blue Bird Corporation (NASDAQ:BLBD) Q2 2023 Earnings Conference Call May 11, 2023 4:30 PM ET
Company Participants
Mark Benfield - Head-Investor Relations
Matthew Stevenson - President & Chief Executive Officer
Razvan Radulescu - Chief Financial Officer
Conference Call Participants
Eric Stine - Craig-Hallum
Mike Shlisky - D.A. Davidson
Craig Irwin - ROTH MKM
Operator
Hello, everyone and a warm welcome to the Blue Bird Corporation Fiscal 2023 Second Quarter Earnings Call. My name is Emily and I'll be coordinating your call today. [Operator Instructions]
I will now turn the call over to our host, Mark Benfield, Head of Investor Relations at Blue Bird Corporation. Please go ahead.
Mark Benfield
Thank you. And welcome to Blue Bird's fiscal 2023 second 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 two 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 President and CEO, Matthew Stevenson; and CFO, Razvan Radulescu. Then we will take some questions. Let's get started. Matt?
Matthew Stevenson
Thank you, Mark and good afternoon everyone. Razvan and I are extremely excited to update you on our results for quarter two which was probably the most pivotal quarter for the company in years and begins to highlight the real potential of our business. This quarter we're going to show a 180-degree turn in our financials as we've been forecasting for some time. I'm pleased to say that we not only delivered as promised, but once again delivered results ahead of schedule a testament to the hard work that our teammates have been doing every day.
On side 6 you can see some of the key takeaways for the quarter. Overall, industry demand continues to be robust and the backlog for Blue Bird school buses is at nearly 5800 units. We are now through most of the legacy priced buses in our backlog. As a reminder, we define these legacy priced units as those at price levels prior to October of 2021. This along with operational improvements drove the significant inflection in our financials.