Reading view

There are new articles available, click to refresh the page.

Wyskiel Steers Blue Bird Toward its Second Century

By: STN

Amid a stunning financial turnaround over the found its leader to succeed Phil Horlock as both president and CEO. Personal reasons forced Blue Bird to go in a different direction last fall after Britton Smith unceremoniously resigned. But the company didn’t have to look far for the best candidate to step up and into the position.

Wyskiel had spent the previous two decades leading Magna International, the last five years as global president of the manufacturer’s seating division. But he knows school buses intimately. He came to Magna over 15 years ago from Canadian Blue Bird Coach, where he was general manager of Type A and Type C school bus body and assembly production.

“John’s deep and varied expertise in operational excellence and manufacturing leadership makes him an ideal fit for this role at this time,” Doug Grimm, chairman of Blue Bird, said when Wyskiel’s name was announced in January. “His proven track record will be invaluable as we expand our footprint and improve our operational processes to support our customers.”

School Transportation News caught up with Wyskiel shortly after he started on Feb. 17 to discuss the company’s evolution as it prepares to celebrate its 100th birthday in 2027, the same year the industry is poised to meet the latest federal emissions standards that were still under review by the new Trump administration EPA. Editor’s note Wyskiel declined to comment on tariff impacts, referring instead to a previous statement made by Horlock in January that Blue Bird would pass along any additional manufacturing costs to customers.

STN: How has Blue Bird changed since you were last mpart of the company 20 years ago?

Wyskiel: Of course, the company is publicly traded today, and it has been successful financially. However, at its core, the DNA of this century-old American company has not changed. There is a strong sense of pride within Blue Bird reflecting a company culture that deeply cares about people. The talent within the company has continued to expand over the years in all functional areas. Operationally, you can see a much greater focus on metrics and key performance indicators, which has enabled Blue Bird to become very focused and to make data-based decisions. From a product perspective, our rich history of innovations [are] on full display, particularly around alternative powertrain offerings. All of these developments have turned Blue Bird into a high performance business and strengthened its iconic brand.

STN: How would you describe your leadership style? What is your strategic vision for Blue Bird?

Wyskiel: I am a pretty engaged operator, and I believe people work best in an environment which fosters empowerment and accountability. Plus, when there is an issue, there is no substitute for “go see.” Whether it’s on the shop floor, at a dealer or at a customer, there is no substitution. I have returned to Blue Bird after a 20-year hiatus only a few weeks ago [at interview time]. Therefore, it’s a little early to talk strategy in specifics just yet. But I think the theme will be to shift to a long-term view for our customers, dealers, team members and investors. This means investing in facilities, our products and expanding into adjacent markets where we can. This great company has been around for almost 100 years, and my objective is to set it up for success for decades to come.

STN: Blue Bird currently offers more fuel choices than any other school bus manufacturer. Why is this important especially in the current political environment?

Wyskiel: Blue Bird offers the widest powertrain portfolio in the markets diesel, gasoline, propane and, of course, electric. We believe there is no one answer for customers. They want choice for their districts. A broad product portfolio allows them to tailor the value proposition to their specific needs. It could be total cost of operation, overall durability, ease of refueling, or the advantages of zero emissions. And if you look at the current political environment, it is just a benefit to have the widest offering as we cover every area in the market regardless of where legislation ends up. Blue Bird undoubtedly has the broadest offering, our success in the marketplace validates our strategy.

Moving forward, I do hope to see a more predictable regulatory environment for our industry. Manufacturers need to plan years in advance and commit to product development and investment. So, directional stability is not simply helpful, it is essential. I think the move to zero emissions will continue to advance longer term, it just may take longer to get there. In the school bus market, it makes so much sense. The duty cycle fits electrification and charging, range is not an issue since school district routes are normally shorter, and zero emissions advances student health and performance.

STN: What is Blue Bird doing to strengthen the long-term health of the EPA’s Clean School Bus Program?

Wyskiel: The 2022 Clean School Bus Rebate Program is part of the Bipartisan Infrastructure Law, which provides a total of $5 billion over five years for clean school bus transportation. To date, the EPA has awarded almost $3 billion to fund approximately 9,000 school bus replacements, approximately 95 percent of which are zero-emission, battery-electric. Funding has been awarded to more than 1,300 school districts in nearly all 50 states and Washington, D.C.

There is no question the program had an overwhelmingly positive impact on children, communities and American manufacturing, bringing invaluable opportunities to school districts to transition their fleets to zero-emission school buses. Communities across the country have benefited from the reduction in diesel tailpipe emissions that can negatively impact student and community health. As the leader in low- and zero-emission school buses, we have communicated and promoted the benefit at all levels of government.

STN: Can you update us on the status of standard lap/shoulder seatbelts and other safety technology like driver airbags?

Wyskiel: Blue Bird is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team designs and manufactures school buses with a singular focus on safety, reliability and durability. School buses carry the most precious cargo in the world, 25 million children twice a day, making them the most trusted mode of student transportation.

Blue Bird made lap/shoulder belts standard on its buses late last year and the response has been overwhelmingly positive. Similarly, we will introduce airbags protecting drivers this fall. It’s a testimony to Blue Bird, whose school buses are designed, not adapted to the market, and whose focus on safety has been industry leading. If you could fast forward a decade, we will probably look back and wonder how school transportation didn’t include seatbelts and airbags all along. I am proud that Blue Bird has taken the lead role in this area.

STN: Thank you.

Editor’s Note: As reprinted in the May 2025 issue of School Transportation News.


Related: (STN Podcast E259) Feel the Passion: Debates on Wi-Fi, Technology, Alternative Transportation & Safety
Related: Blue Bird Showcases Zero- and Low-Emission Commercial Vehicle Platforms at 2025 Advanced Clean Transportation (ACT) Expo
Related: Q&A: Back to School with New NAPT Executive Director McGee-Hewitt
Related: (STN Podcast E212) On the Horizon: Technology Showcases & Clean Bus Discussions at ACT Expo

The post Wyskiel Steers Blue Bird Toward its Second Century appeared first on School Transportation News.

Blue Bird Reports Fiscal 2025 Second Quarter Results; Beats Second Quarter Guidance With Record Result; Reaffirms 2025 Guidance and Long-Term Outlook

By: STN

MACON, Ga.- Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2025 second quarter results.

“I am incredibly proud of our team in delivering another outstanding result, achieving a new all-time quarterly record revenue and profit,” said John Wyskiel, President & CEO of Blue Bird Corporation. “The Blue Bird team continued to exceed expectations, improving operations, driving new orders, and expanding our leadership in alternative-powered buses. Market demand remains very strong with approximately 4,900 units in our order backlog at the end of the second quarter. Unit sales were slightly above the same period as last year, and revenue was up by $12.9M, driven by product mix and pricing. We delivered an exceptional 14% Adj. EBITDA margin for Q2 2025. With 88% of our second quarter unit sales mix comprised of internal combustion engine (ICE) buses, this result demonstrates the very strong earnings power of our core business.

“In our push to expand our leadership in alternative-powered school buses, we delivered a record 265 electric-powered buses this quarter. As of the end of the quarter, we have more than 1,100 EV buses either sold or in our firm order backlog, which supports our EV sales target for 2025.

“Based on our strong Q2 performance, we’ve maintained our full-year financial guidance for Adjusted EBITDA at $200 million, with a 14% margin. This will be an all-time full-year record for Blue Bird, and we look forward to sustained profitable growth in the coming years.”

FY2025 Guidance and Long-Term Outlook Reaffirmed

“We are very pleased with the second quarter results, with our highest ever quarterly revenue and Adj. EBITDA” said Razvan Radulescu, CFO of Blue Bird Corporation. “Our business is in a very strong position and we continue to deliver ahead of the plan we have been messaging. We are reaffirming our full-year 2025 guidance for Net Revenue to $1.4-1.5 Billion, Adj. EBITDA to $190-210 million and Adj. Free Cash Flow to $60-80 million. Additionally, we are confirming our long-term profit outlook towards an Adjusted EBITDA margin of 15%+ on ~$2 billion in revenue.”

Fiscal 2025 Second Quarter Results

Net Sales
Net sales were $358.9 million for the second quarter of fiscal 2025, an increase of $12.9 million, or 3.7%, compared to $345.9 million for the second quarter of fiscal 2024. The increase in net sales is primarily due to a small increase in Bus unit bookings as well as Bus customer and product mix changes that were partially offset by a small decrease in Parts sales.

Bus sales increased $14.8 million, or 4.6%, reflecting a 1.8% increase in unit bookings and a 2.8% increase in average sales price per unit. In the second quarter of fiscal 2025, 2,295 units booked compared to 2,254 units booked for the same period in fiscal 2024. The small increase in unit price for the second quarter of fiscal 2025 compared to the same period in fiscal 2024 was primarily due to customer and product mix changes.

Parts sales decreased $1.8 million, or 6.5%, for the second quarter of fiscal 2025 compared to the second quarter of fiscal 2024. This decrease is primarily attributed to slight variations due to product and channel mix.

Gross Profit
Second quarter gross profit of $70.9 million represented an increase of $7.2 million from the second quarter of last year. The increase was primarily driven by the $12.9 million increase in net sales, discussed above, and partially offset by a corresponding increase of $5.7 million in cost of goods sold.

Net Income
Net income was $26.0 million for the second quarter of fiscal 2025, the same as from the second quarter of last year. Among other smaller fluctuations, the $7.2 million increase in gross profit, discussed above, was offset by an increase of $9.6 million in selling, general and administrative expenses, primarily due to an increase in a) share-based compensation expense recorded in the second quarter of fiscal 2025 relating to the retirement of our former President and Chief Executive Officer and b) labor costs.

Adjusted Net Income
Adjusted net income of $31.5 million represented an increase of $2.3 million from the second quarter of last year. The increase was primarily driven by a tax effected increase of $3.7 million in share-based compensation expense, largely relating to the retirement of our former President and Chief Executive Officer, and partially offset by a tax effected $1.4 million in stockholder transaction costs that was present in the second quarter of last year, with no such expense in the current year.

Adjusted EBITDA
Adjusted EBITDA was $49.2 million, which was an increase of $3.5 million compared with the second quarter of fiscal 2024. The increase primarily relates to the $4.9 million increase in share-based compensation expense and $1.9 million decrease in stockholder transaction costs, both discussed above.

Year-to-Date Fiscal 2025 Results

Net Sales
Net sales were $672.7 million for the six months ended March 29, 2025, an increase of $9.1 million, or 1.4%, compared to $663.6 million for the six months ended March 30, 2024. The increase in net sales is primarily due to a small increase in Bus unit bookings as well as Bus customer and product mix changes that were partially offset by a small decrease in Parts sales.

Bus sales increased $9.5 million, or 1.5%, reflecting a 1.0% increase in units booked and a 0.6% increase in average sales price per unit. 4,425 units booked in the six months ended March 29, 2025 compared with 4,383 units booked during the same period in fiscal 2024. The small increase in unit price for the first six months of fiscal 2025 compared to the same period in fiscal 2024 was primarily due to customer and product mix changes.

Parts sales decreased $0.3 million, or 0.6%, for the six months ended March 29, 2025 compared to the six months ended March 30, 2024. This small decrease is primarily attributed to slight variations due to product and channel mix.

Gross Profit
Fiscal year-to-date gross profit was $131.2 million, an increase of $4.0 million from the same period in the prior year. The increase was primarily driven by the $9.1 million increase in net sales, discussed above, and partially offset by a corresponding increase of $5.2 million in cost of goods sold.

Net Income
Net income was $54.8 million for the six months ended March 29, 2025, a $2.6 million increase from the same period in the prior year. The increase in net income was primarily driven by the $4.0 million increase in gross profit, discussed above.

Adjusted Net Income
Adjusted net income was $62.1 million for the six months ended March 29, 2025, an increase of $3.2 million compared to the same period in the prior year. This is primarily due to the $2.6 million increase in net income, discussed above.

Adjusted EBITDA
Adjusted EBITDA was $95.0 million for the six months ended March 29, 2025, an increase of $1.6 million compared to the same period in the prior year. This is primarily due to the $2.6 million increase in net income, discussed above.

About Blue Bird Corporation:
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird’s complete product and service portfolio, visit www.blue-bird.com.

The post Blue Bird Reports Fiscal 2025 Second Quarter Results; Beats Second Quarter Guidance With Record Result; Reaffirms 2025 Guidance and Long-Term Outlook appeared first on School Transportation News.

Update: Quebec Government Passes on Saving Lion Electric, Company’s End Imminent

By: Ryan Gray

The auction of electric school bus and truck manufacturer Lion Electric Company is moving forward after a last-ditch effort to obtain government funding from the province of Quebec fell through.

Christine Fréchette, Quebec’s minister of economy, innovation and energy, posted on X last week that the Quebec government will not reinvest in Lion after passing on a recovery plan that was submitted to save the manufacturer but on a limited scale.

“This is a difficult, but responsible decision. It’s a local company that offers an innovative product that contributes to the energy transition. The government has a responsibility to support the growth of Quebec businesses,” she posted. “We believed in Lion’s potential, but the submitted recovery plan did not justify the re-injection of significant government sums. Unfortunately, one thing is clear: Granting new funds to Lion Electric would not be a responsible decision.”

On Monday in a Quebec court, a representative of Deloitte that is overseeing the insolvency said without the additional funding all remaining Lion assets will need to be sold.

The court lifted a stay on the auction managed by Deloitte may proceed after issuing a stay in March while Lion sought the additional funding.

The company reportedly owes $244 million to secured and non-secured creditors. A Lion Electric spokesman had no comment when asked by School Transportation News.

Bloomberg News reported that an investment group created the recovery plan that would have resulted in Lion Electric only manufacturing electric school buses going forward out of its St. Jerome plant. But the province already lost $128 million U.S. in investments into Lion with the Canadian federal government losing another $30 million U.S. Ottawa had also invested in Lion.

Public Money at Risk in Lion Electric:

 

o 2021: $19 million Canadian from Investissement Québec (IQ) to purchase shares
o 2021: $37 million from a loan offered by Quebec for the battery pack plant
o 2021: $21 million from the Ottawa loan for the battery pack complex
o 2022: $15 million in a loan from the Caisse de dépôt et placement du Québec
o 2023: $98 million loaned by IQ, the Fonds de solidarité FTQ, and Fondaction CSN
o 2024: $7.5 million in a loan from the Quebec government

Source: La Presse

Power Corp. of Canada, according to Bloomberg, was the largest Lion shareholder with a 34-percent stake but has already written down its Canadian $81 million position in the company to zero.

Montreal-based online newspaper La Presse broke the news Wednesday, reporting that an  unnamed U.S. investment firm expressed serious interest in purchasing the Lion assets, but the Quebec proposal had been the most promising.

La Presse also reported that Lion will likely be sold off in parts, which would mean the end of the company. It laid off all its employees, including those in the U.S., and ceased operations except for a select few senior executives working out of Quebec to try and salvage the company. Deloitte is overseeing the the company’s insolvency proceedings and an auction of its assets.

There are about 2,000 Lion Electric school buses at school districts and school bus companies across North America that will need maintenance and customer service going forward.

This is a developing story.


Related: Lion Electric Customers Have Options Despite Insurmountable Debit Forcing the Manufacturer to Auction
Related: Update: Lion Electric Defaults on Credit Repayment, Says It is Avoiding Bankruptcy
Related: Brunet Resigns as Lion Electric President Amid Company Battle to Stay Solvent

The post Update: Quebec Government Passes on Saving Lion Electric, Company’s End Imminent appeared first on School Transportation News.

❌