Blue Bird Corporation (NASDAQ:BLBD) Q4 2024 Earnings Conference Call November 25, 2024 4:30 PM ET
Company Participants
Mark Benfield - IR
Phil Horlock - CEO
Razvan Radulescu - CFO
Conference Call Participants
Mike Shlisky - D. A. Davidson.
Eric Stine - Craig-Hallum
Tyler DiMatteo - BTIG
Craig Irwin - Roth Capital Partners
Chris Pierce - Needham
Operator
Hello, everyone. Thank you for joining Blue Bird's Fiscal 2024 Fourth Quarter and Full Year Earnings Conference Call. My name is Sierra, and I'll be your moderator for today. All lines have been muted during the presentation portion of the call with an opportunity for questions-and-answers at the end. [Operator Instructions]
I'd now like to pass the conference over to our host, Mark Benfield, Head of Investor Relations for Blue Bird. Please proceed.
Mark Benfield
Thank you, and welcome to Blue Bird's fiscal 2024 fourth quarter and full year 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, Phil Horlock; and CFO, Razvan Radulescu. Then we will take some questions.
So let's get started. Phil?
Phil Horlock
Thank you, Mark, and good afternoon to everyone. First, let me say, the Blue Bird team has done an incredible job in delivering continually improved results as we have moved through each quarter in 2024. As you will see shortly in Razvan section, the fourth quarter was no exception to that, where we achieved outstanding financial performance and another quarter record for Blue Bird. For the full year, we delivered record financial results across the board and once again, we beat our guidance range for each of the three metrics on which we report.
So let's get started with the key takeaways for the full year on Slide 6. As the headline says, fiscal 2024 was an all-time record year for Blue Bird. Referencing the first line in the box, I'm very pleased to report that we more than doubled our prior record profit achieved in 2023 and delivered an outstanding adjusted EBITDA margin of 13.6%, that's an impressive 6 percentage points higher than a year ago.