Blue Bird Fiscal 2018 Third Quarter Impacted by Commodities Headwind

MACON, Ga. — Blue Bird Corp. (NASDAQ: BLBD), the leading independent designer and manufacturer of school buses, announced today its fiscal 2018 third quarter results. Blue Bird Corp. delivered higher net income, up 9.3 percent from the prior year as well as solid Adjusted EBITDA of $23.7 million. Strong earnings were delivered, despite higher commodity costs.

Cummins Makes $500 Million Accelerated Share Repurchase

COLUMBUS, Ind. — Cummins, Inc. (NYSE:CMI) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Goldman, Sachs & Co. LLC. (GS&Co.) to repurchase $500 million of Cummins’ common stock. Today’s ASR is part of Cummins’ previously announced share repurchase plans authorized by the Board of Directors and is consistent with the company’s plans to return 75 percent of Operating Cash Flow to shareholders in 2018.

School Bus Maker Blue Bird Oks $25M Stock Buy

Blue Bird Corp. (NASDAQ: BLBD; Macon, Ga.), an independent designer and manufacturer of school buses, announced yesterday, June 13, that its board of directors authorized the company to repurchase up to $25 million of its outstanding common stock and/or series A convertible preferred stock over the next 12 months.

Navistar 2nd Qtr 2018 Results Released

LISLE, Ill. — Navistar International Corp. (NYSE: NAV) today announced a second quarter 2018 net income of $55 million, or $0.55 per diluted share, compared to a second quarter 2017 net loss of $80 million, or $0.86 per diluted share.