Core Insights - Blue Bird has successfully transitioned to alternative fuel vehicles, resulting in significant stock performance and financial results [1][5] - The company achieved record quarterly revenue of $398 million, a 19% increase, and adjusted net income of $38.7 million, up over 26% [2][4] - Analysts underestimated Blue Bird's performance, predicting only $1 per share for adjusted net income and less than $378 million in revenue [4] Financial Performance - Blue Bird's fiscal third quarter saw a stock increase of over 27% due to strong financial results [1] - The adjusted net income per share reached $1.19, exceeding analyst expectations [2][4] - The company raised its full-year 2025 revenue guidance to approximately $1.45 billion, with adjusted EBITDA projected between $205 million and $215 million [7] Strategic Initiatives - Blue Bird has been actively upgrading its traditional school bus offerings to include alternative fuel options, particularly electric vehicle technology [5] - The company has expanded its leadership in alternative fuel offerings and successfully navigated tariffs imposed by the previous administration [6]