thank for XXXX. us for and Thanks, you all our quarter fiscal for Mark. today Well, call earnings joining afternoon third good everybody,
We today great share you. Bird on and opportunity at latest we quarter have Blue to things this with results our welcome some going always
those let's financial So, overview Slide X. start on results with an of
As says, we which really year-over-year EBITDA million with a a the period year. first quarter higher That's of million, $X about increase. last is XX% headline the strong adjusted same $XX profit third than had
consecutive year profits quarter our over the increased prior was this Importantly, despite fourth costs. commodity higher where
scene. like to first I'd set the
During are initiatives. key theme recurring driving call, margin this we through earnings three distinct you'll of our and how hear a improvement overall profit
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quarter XXXX through results of the in second initiatives. saw every to cost this cost We fiscal that continued transformational year, and Second, forward. our we further going in we generate achieving savings half reductions are and the
sales price our we of percentage and continued third, superior leadership conventional with sales, earn of buses while total increasing compared alternative growth fuels, a fuel. alternative fuel-powered a and mix And in as margin,
way. in cornerstones of over segment actions the profit significantly outpace forward. long to are of All three continues going are by a year margins results plan EBITDA our growth Our gross these increase and our this and to the last overall market improving
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was down, second Even the seasonal though quarter higher operate. of quarter, our business unit we the sales X,XXX volume illustrating buses once XX% third which were again the in than
volume substantially second calls, being This we half previous explained our above As around and on year, earnings first profits quarter have fourth always half be quarter. volume the profit our the with sold. will our largest volume typically are and twice
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per our unit the in increase very last strong third average higher our year. a than was bus revenue. in That's quarter selling a bus fact, In price $X,XXX substantial average X%
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adjusted later. from more is than important in we year. this to more year the explanation It's $X.XX was a a At the benefits $X.XX, will know of that earnings down ago. share third Tighe received quarter explained diluted non-recurrence tax per decline by provide Phil one-time last little
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profit X.X points a than second quarter that call was about was XX.X% you our margin than margin. improvement are that And higher To illustrate year margins we the continuous quarter ago. X our higher margin of points in driving, that third gross
strong really trend a now. have right We going
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Our full-year results with our expectations support and were guidance. in line our
margin least XX% on right at by stated are our we adjusted XXXX. goal fiscal to the path Importantly, EBITDA for an of
more now Slide achievements and number profitable We quarter, key in on achievements Let will our going recorded review operating one third plans me growth a forward. our make us the X. each support of competitive and significant
Our efficiencies, transformational and initiatives and increase quality, to cost on margins are driving improvements capacity. track, in
a to seeing evidenced as profit come. within by past results those increase We now the and are much quarters, gross two margin is more there
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regard cover each year. this industry necessary pricing We economics standard as to
dealer we X-Parts supply and and the makes of maintenance most Just meets school popular specifications. remanufactured for buses, our or and where parts sold very new models through yesterday, and the we will the exclusively brand, X-Parts competitively, exceed original network. publicly announced offer parts priced launch will which of supply all all-new exclusive our service
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leader continue buses, firm in sales an mix alternative-fuel-powered XX% XX% order impressive of time the undisputed at the school same and with backlog total year. to last with compared our year-to-date representing be We sales, unit
as of are Furthermore, year number backlog these our yesterday, of the units and, order, a sold up from in ago. XX%
train. Remaining in which our Cummins the market. and is the latest electric fastest-growing strong very school bus top we of electric-powered powered zero-emission are interest product, alternative in segment on seeing our drive school leadership that's all-new the bus, a Now, momentum the by of fuels,
of remainder than We XXX have delivery with the year. scheduled the firm for units calendar more throughout orders
California also a million with buses for about Energy today electric bus are our next D. say, our buses eligible. manufacturers only Bus Type electric-powered to one school Needless Type of the Bird very road over school Type are the years. That's we to is recent electric-powered provides Blue This Commission's our School this school opportunity. range Electric purchase grant Californian school funding, A, Grant qualify subsidies $XX We excited bus and significant that to two C on with every to districts two widest the the
and measured. profitable full-year It's to all year, business on we the on of quarter call. the multiple for on we our third we focused advance fair the that the performance on say in of are and metrics fronts for towards detail cover to I’ll this more the finally, based outlook which And the are reaffirming balance growth. are guidance end we continue
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school Blue will So, another this sales yet Bird's be year record for alternative-fuel-powered buses.
more second color driving this earnings year take call company. results texture throughout We provide Let's began down costs turning how the it at second half in primarily X. with our driving how are cost on are fiscal showed at first we look throughout Slide a total reductions XXXX. last and Blue quarter slide to achieved the Bird, then We closer to we of
than recall of reduction profits XXXX. the over escalating included impact fiscal last actions offset a cost XXXX commodities that You in more steel million costs our year for gain $XX.X other of might which and
through at depicted In the fact, process where external material design delivered selective slide, services down actions these applied, combination with initiatives, We extensively driving our of results. to agreements a was suppliers, and ensure automotive purchase and of as focus initial were the changes. commercial with and and best top we work experts on including resourcing costs practice
savings and our We continue quarter we'll beyond. further to be third today the evident throughout initiatives and and cost to these pursue continue in results drive will savings, additional this year
cost Now, the focuses of driving on on the next two-thirds phase the as production total our bottom down shown slide. of
reduce fully to new capability; rework Our automated paint opportunity facility to achieve and costs with highest of reduce provides the straight expense; capacity. first-time warranty deliver and application through to and to savings time material labor robotic increased paint;
addition space up are and operations year. fiscal allow tasks be the more and present the several of Now, in improved production of exterior of the within ramp-up to rearrangement we the realized stations, the savings line largely in our will and to shop assembly for efficient this with control. facility October efficient as new quality XXXX more begins paint importantly, attached freeing paint building But of full plant stations
deployed optimize to arranged production significant have are newly efficiencies. line workflow and in engineering of We confident industrial in-station resources the achieving
key systemic This approach to fact, Many the year, XX production with higher the gross total initial are of will million. be of end years In years. to fiscal million efficiency us costs and representing coming savings higher $X over EBITDA by this more annual profits $X to between actions positions in savings margins. down over benefits realized approaching multiple planned is delivering driving
calls. We with our will you to the results earnings in continue share quarterly
later the will to me Over XXXX guidance. take through then I'll and you be the Tighe, cover Phil. outlook and over fiscal Phil who to turn financials you Let now you, back to
