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E BLUE BIRD BLUE BIRD REPORTS FISCAL 2021 FIRST QUARTER RESULTS ; FOCUSED ON MARGIN EXPANSION , EV GROWTH AND INDUSTRY RECOVERY ; FISCAL 2021 GUIDANCE REAFFIRMED Net Sales of $ 130.4M and GAAP Net Loss of $ 1.6M Bus Average Selling Price up 1.7 % Electric Bus Sales and Backlog of 100+ Units Adjusted EBITDA of $ 5.8M in Lowest - Volume Quarter with 1,255 Buses Sold Macon , GA , February 10 , 2021 - Blue Bird Corporation ( " Blue Bird " ) ( Nasdaq : BLBD ) , the leading independent designer and manufacturer of school buses , announced today its fiscal 2021 first quarter results . GAAP net loss for the quarter of $ 1.6 million , down $ 1.2 million from the comparable FY2020 period . Adjusted EBITDA for the quarter was $ 5.8 million , $ 2.2 million below last year , reflecting 205 lower unit sales resulting from the pandemic impact on schools . Highlights ( in millions except Unit Sales and EPS data ) Unit Sales GAAP Measures : Revenue Net Loss Diluted Loss per Share Non - GAAP Measures¹ : Adjusted EBITDA Adjusted Net Income Adjusted Diluted Earnings per Share 1 Reconciliation to relevant GAAP metrics shown below Three Months Ended January 2 , 2021 1,255 B / ( W ) 2020 ( 205 ) $ 130.4 $ ( 22.8 ) $ ( 1.6 ) $ ( 1.2 ) $ ( 0.06 ) $ ( 0.04 ) $ 5.8 $ ( 2.2 ) $ 0.1 $ ( 2.0 ) $ $ ( 0.07 ) " We are very pleased with our first quarter performance and results , " said Phil Horlock , President and Chief Executive Officer of Blue Bird Corporation . " The Blue Bird team executed well , despite the challenging environment caused by the pandemic which has resulted in many schools operating in a virtual or hybrid mode . We remain focused on improving our operational performance during this period , however , our confidence is increasing that schools will accelerate reopening for in - classroom teaching as we head toward the next school year . " While working through these challenges , I am encouraged with our progress in improving our underlying business structure that is key to achieving our near - term EBITDA margin target of at least 10 % . We increased our first quarter average selling price per bus by $ 1,600 , or 2 % , over last year . The move to a single shift production schedule late in the third quarter of 2020 drove efficiency and quality improvements through the first quarter and we are making changes in our plant , so that by spring of 2021 , we will have the same daily capacity on one shift that we previously had on two shifts . We grew our alternative - powered bus sales mix again in the first quarter , achieving a record 46 % mix of total unit sales compared with 39 % last year . The interest in Electric buses is unprecedented and our Fiscal 2021 bookings and order backlog has grown 24 % over prior year . In fact , our total sold units and order backlog since we began production just three years ago , is now in excess of 400 electric buses , covering Type A , C and D configurations . With the 1