BLBD Q4 FY24

On September 28, 2024, Blue Bird (stock symbol: BLBD) reported an operating income of $350.21 million. Although specific year-on-year change data was not provided, we can infer the company's financial performance and market competitiveness based on market conditions and company dynamics.

## Key Financial Data

1. Operating Income: The operating income of $350.21 million indicates Blue Bird's sales performance in the market, reflecting its competitive position in the electric bus sector.

2. Year-on-Year Growth: According to the data provided, Blue Bird's operating income in the first three quarters of 2024 was $1.097 billion, up 1457.26% year-on-year. This significant growth indicates a significant increase in both demand and sales in the market.

3. Market Demand: The electric bus market has a strong demand for environmental protection and sustainable development. As an industry participant, Blue Bird may benefit from this trend.

4. New Product Launch: The company launched a safety upgrade plan and alternative fuel school buses, indicating its efforts in technological innovation and product diversification, which helps attract new customers.

# Peer Comparison Analysis

1. Industry-wide Analysis: The electric bus industry is experiencing rapid growth, driven by environmental policies and sustainable development trends. With the implementation of the new for old policy and the issuance of subsidies for new energy buses, the industry's operating income is expected to significantly increase from 2024 to 2026.

2. Peer Evaluation Analysis: Although Blue Bird's operating income shows strong year-on-year growth, it needs to be compared with the performance of Proterra and BYD. If their growth rates are higher, it may affect Blue Bird's market competitiveness.

# Conclusion

Blue Bird's financial performance in 2024 shows a strong growth momentum, with a significant increase in operating income, reflecting increased demand for electric buses in the market. In addition, the company's new products and services have also enhanced its market competitiveness. However, it is worth noting that the industry is highly competitive, and Blue Bird needs to continue to focus on market dynamics, maintain innovation, and control costs.

# Opportunities

1. Market Expansion: The new energy bus market is expected to continue to grow, and Blue Bird can benefit by increasing its market share.

2. New Product Innovation: By launching new products and services (such as the safety upgrade plan and propane-powered school buses), Blue Bird can attract a wider customer base.

3. Policy Support: Government subsidies for new energy buses will reduce procurement costs and help boost sales.

# Risks

1. Intensified Competition: With the market expansion of Proterra and BYD, Blue Bird may face greater competition pressure.

2. Market Volatility: The demand for electric buses may be affected by economic conditions and policy changes, which carries uncertainties.

3. Cost Control: If effective cost control is not achieved in production and operations, it may affect the company's profitability.