Blue Bird CorpBLBD
What Blue Bird Corp does.
The Company (formerly Hennessy Capital Acquisition Corp.) was incorporated in Delaware on September 24, 2013 as a special purpose acquisition company, or SPAC. On February 24, 2015, the Company consummated a business combination (the “Business Combination”), pursuant to which the Company acquired all of the outstanding capital stock of School Bus Holdings Inc., a Delaware corporation (“School Bus Holdings” or “SBH”) from The Traxis Group, B.V. (the “Seller”). The total purchase price was paid in a combination of cash in the amount of $100.0 million and 12,000,000 shares of the Company’s common stock, $0.0001 par value (the “Common Stock”), valued at $120.0 million.
In connection with the closing of the Business Combination, the Company changed its name from Hennessy Capital Acquisition Corp. to Blue Bird Corporation. Unless expressly stated otherwise in this Report, Blue Bird Corporation is referred to as "Blue Bird," the "Company," "we," "our" or "us," and includes its consolidated subsidiaries.
In May 2016, the Seller, ASP BB Holdings LLC, a Delaware limited liability company (“ASP”), and the Company entered into an agreement pursuant to which the Seller agreed to sell the 12,000,000 shares of Common Stock of the Company owned by Seller (the “Transaction Shares”) to ASP. ASP acquired 7,000,000 Transaction Shares at an initial closing on June 3, 2016 for an amount in cash equal to $10.10 per share and 5,000,000 Transaction Shares at a second closing on June 8, 2016 for an amount in cash equal to $11.00 per share, for an aggregate purchase price of $125.7 million. There were no proceeds to the Company from this transaction.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $879.2M | $684.0M | $800.6M | $1.1B | $1.3B | $1.5B |
| Net income | $12.2M | -$289,000 | -$45.8M | $23.8M | $105.5M | $127.7M |
| Free cash flow | -$15.5M | -$66.5M | -$30.9M | $111.4M | $95.8M | $153.3M |
More on BLBD.
- Blue Bird Corp summary
- Blue Bird Corp financial statements
- Blue Bird Corp key metrics
- Blue Bird Corp health scores and style box
- Blue Bird Corp earnings
- Blue Bird Corp dividends
- Blue Bird Corp valuation
- Blue Bird Corp ownership and insiders
- Blue Bird Corp peers
Figures from Blue Bird Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.