Blue Bird Delivers Strong Fiscal 2017 Third Quarter; Authorizes Capital Stock Repurchase Program

Unit Sales up 2%, Net Income up $23.0 million and Adjusted EBITDA down $0.3 million

Full Year Net Sales guidance narrowed; Adjusted EBITDA and Adjusted Free Cash Flow guidance lowered

FORT VALLEY, Ga.-- Blue Bird Corporation (BLBD) (Blue Bird), the leading independent designer and manufacturer of school buses, announced today its fiscal 2017 third quarter results and the authorization by its Board of Directors of a capital stock repurchase program.

John McKinney Purchases Midwest Transit Equipment

KANKAKEE, Il.- Midwest Transit Equipment, a 41 year old school and commercial bus distributor corporately located in Kankakee, IL, announced it has sold the stock of its company to John McKinney, former President of Navistar’s Global Bus division and an investment group led by Brightwater Partners of Wheaton, IL.

First Student, Bridgestone Sign 5-Year $110M Supply Deal

One of the largest international transportation providers joined forces with the world's largest tire and rubber good manufacturer when FirstGroup plc, the UK-based parent company to North American school bus contractor First Student, signed a five-year, $110-million supply deal with Bridgestone Tire Group. 

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REV Group Acquires Midwest Automotive Designs

MILWAUKEE, WI – REV Group (NYSE: REVG), a $2+ billion manufacturer of industry-leading specialty vehicle brands and leading provider of parts and services, today announced the acquisition of Midwest Automotive Designs (“Midwest”), a leading custom van “upfitter” that develops and manufactures luxury vehicles for end segments including motorhomes, shuttle vans, limousines, and customized executive transportation vehicles. This acquisition enhances REV’s product offerings in both its Recreation and Commercial segments through the RV and bus divisions, by adding a selection of Class B RVs and multiple products for the luxury Limousine, Charter and Tour (“LCT”) bus markets, respectively.