Phil, Thanks, and good afternoon.
you close share on financial It's based X, was date of quarter Bird's fiscal prior based The a is of with on a year from the the July X, my July results. Blue XXXX. Xrd XXXX, XXXX whereas date quarter pleasure end highlights close to
today, the the XX-Q file August after market X, will closes. We
We contains. attached our disclosures The disclaimers. non-GAAP important encourage business and Our includes additional financial to well and mentioned between XX-Q reconciliations as call this as you important regarding measures GAAP that presentation to XX-Q today's of performance. the appendix differences it and read on includes disclosures and the material
in higher challenges the is another continued with a to in XX fact, XX% Despite third for supply and It has We of increased volume, units Slide was consistent and fantastic excellent we summary close doing margin our in and election generated quarter. both and significantly driving operating in an quarter, activities XX% for a quarterly line our of the this XXXX. team somewhat Blue higher-margin guidance prior number sales or the adjusted topline and EBITDA this chain taking year-to-date earnings with was which downtime bottom last job to the results X,XXX union quarter results. than year. unit call quarter the fiscal due XXX delivered Bird provided beat units
driven prior cash year, expected. of strong higher the net free this supports million than significantly by took QX million at the capital higher the quarter over management a revenue million Consolidated by prior $XX position with electric XX% our mix $XX quarter, as great improved performance end was was adjusted third buses and pricing year working million, quarter. flow $XX was or $XXX and of was record liquidity and profitability outstanding $XXX of than actions driven part units, increased This higher that which The million. combined in higher sales, this hold of
our Adjusted EBITDA sales partly parts million, driven for increased high buses, labor $XX the volume offset increased of by quarter was by costs. and nonprofitable margins,
nature revenues, of and fiscal quarter with adjusted transitional is year-to-date included all still portion we delivered EVs million. $XX low-margin still $XX results, 'XX which our large cash Year-to-date in still year-to-date 'XX buses, with outstanding the of QX performance very with $XXX Given backlog thereof solid, already EBITDA X,XXX full million sold, which to year X units XXX full million, of is above free fiscal flow our a and is go.
price Breaking by our business million units at revenues And very segments. million down before versus with mentioned units XX. million, X year. of of $XX Slide the QX at $XXX as the at prior revenue majority in backlog end to X,XXX current to $XXX on the strong up and these by was QX our continues Phil, Moving bus levels. net vast into be The
last per more Our at over QX the increased as $XXX,XXX taken buses. EV XX higher average unit from or of actions in of units were XX largely the XX%, pricing XXX well or sales increase. electric past level was XXX% record as to months $XXX,XXX revenue bus of a mix than the year, which result
on last well post-COVID pricing with was in representing $X the or of percentage the million XX-plus for improved our or a demand actions. performance as increased to last part than year. the pricing to for the our XX% as months. operational $XX fully growth the buses year was prior XX% cost back and compared extraordinary points quarter million, as due catching higher was the revenue parts, in quarter our due to environment, This supply X road the Gross the chain-driven inflationary Parts performance margin of up for are
QX, year X or prior the 'XX, $X.XX was prior up adjusted by diluted $XX with Adjusted points. fiscal per million million $XX share of last was Adjusted income than approximately X.X% In positive year. and $XX higher earnings EBITDA year. was versus or net compared of percentage positive $XX $X.XX million up million
evidence the sustained turnaround this sets operating quarter growth. our it performance is solid prior for results complete, our our In demonstrated performance financial summary, our and base profitable a and in quarter and clear towards are that future of goal
Moving on to Slide XX.
on quarter positive million We debt by our have balance sheet. year-over-year over ended the and reduced quarters. cash also $XX last significantly We X extremely over developments with in the the $XX million
improvement a of Our by trade in our this in cash improved end at in liquidity margins were by quarter. improvement on primarily at strong with supported balance and zero capital adjusted fiscal small sits driven operations a flow were free 'XX operating the $XXX The revolver. only and and cash QX million flow working
in future. $XX revenues X to the from with Phase had School we the quarter, more of at Program prepaid Clean EPA million of end the the in come Bus the Additionally,
from and at our November covenants As Blue stability the we of with XXXX. into our extended and extended Bird business maturity XXXX, a supply and date amendment disruption. recover both of our through flexibility entered facility, the associated the reminder, to to pandemic loan amended maturity sixth December the credit continues The the chain global provided XX, end as COVID-XX
and in expansion. of ratio intend already we as the debt refinancing As to options calendar improved, this explore second business maturity and leverage XX-month our significantly trailing net half our results well, year,
the lower adjusted call. efficiency $X.X the the in freight million of to $XX.X EBITDA from mentioned past net cost $XX.X results. on favorable increases margins, QX at 'XX improvements the improved pricing The million. segment was was fiscal improvements segment driven left and volume the earlier Starting million. Slide total The million operational in 'XX gross fiscal the the and effects, QX profit and year-over-year bus material million, improvement manufacturing of of as consists in sales walk impact between gross shows XX higher profit of $X.X and by of in development $X.X costs. operational Split
result were negative joint personnel-related cost, improvements year a of when very in a venture measures Bird all than results effect. of or total X.X%. offset tight cash Micro conservation of the fiscal ago, drives reported adjusted compared our were million above-mentioned fixed The EBITDA mainly for developments QX in by sum strong QX 'XX our $X.X more to Additionally, net increases our $XX million
XX. to Slide On
QX, with are largely fiscal QX we the now units XXXX at oil passed ahead that of Looking year pricing have happy most we to from reiterate orders. at and fixed backlog
Our is already and 'XX for fiscal now deep with fiscal rest D, going 'XX. into models, 'XX full the production Type QX example, for schedule fiscal some of
inflationary mentioned increases not in call, the last exist, chain the supply fiscal However, bottom and as upcoming will cost to 'XX. line earnings labor flow and in all still the price pressures
for already of our in raw types be all a for fiscal cost on to cover already orders increase per X, to 'XX, new year inflationary expected we year material net significant Given May XXXX, price backlog, after bus built announced model and bus increases. October $X,XXX
again see year for again, the remainder in development calendar year prices. calendar can realization second previous the half through our and Slide the started the spot this of end mentioned will XXXX steel After a portion XX, May, of On all the they XXXX, on reduction of the for to as market increase offset slide. way of you once the pricing
place contracts our tonnages in for exposure risk in a will and the few to in to entering XX future and are and the also already with prices we we locked margin certain up forward, minimizing closely. mind strategy, in months steel Please easing, we buying comprehensive showed months backlog. keep the monitor put However, situation last have continue that steel
'XX Slide and guidance. fiscal On want looking you to our with total share XX, at fiscal we updated year XXXX, year QX
we more a this year as taking chain are it still is a conservative facing. environment we uncertain are reminder, approach supply somewhat As an transparent and
that business However, we have QX 'XX demonstrated other could improved fiscal strong levers we actual QX and very as already the results. all address our now by
our we million in of at million. the $XXX fiscal to QX, forecasted maintaining forward are $XXX range 'XX Looking revenues
of XX% percentage or we million. margins by approximately of X $XX However, a with increasing range are QX an approximately adjusted million for our EBITDA to EBITDA point million $XX $XX
our $X.X billion year, revenues adjusted For are to we midpoint expectation of EBITDA and are increasing to $XX a in million. total guidance the X.X% we million with excess EBITDA adjusted $XX for margin million reiterating range of significantly our or $XX
million, In billion, we year-over-year a in to $XX and adjusted Phase million School $X.X range XX. improvement cash million are partially X supported the to $XX revenues Bus in $XX aspects, summary, to by to XX% with EPA of Moving $XX approximately from revenues prepaid of Slide significant flow positive the forecasting up Program. the all million of Clean free EBITDA
as On to business expected 'XX a and, fiscal the scenario base wanted not the last as guidance from initial sharing look environment. upside and well there. we Slide earnings today give and operating are in therefore, our situation yet fully is call, you with first stable promised at downside supply case XX, we you the as chain The
XXX to EBITDA EVs or for case total slightly plus billion bus margin. $XX are increased units is revenue million of slight of status the adjusted for with levels base and with anchored The X,XXX a projection adjusted a the which X.X% supply guidance $X.XX year, EBITDA of of quo and production improvement in chain
increase chain range of our low mid-December. an are represent achievement call the fiscal developments with 'XX earnings great bracket to to We'll throughout dependent relatively of year EBITDA Blue year would course, the fiscal and downside/upside X% The a during best details scenarios ever best Bird a supply in year X%. pre-COVID result you, adjusted our of 'XX years. on and next more the results our to listed provide for and volumes there expected compared This is at
On Slide long-term outlook. reiterate our XX, we to wanted
results, demonstrated guidance our and are our of QX our completed the 'XX by We 'XX as guidance. fiscal base very 'XX fiscal increased and fiscal our about turnaround, QX happy case actual results initial
X% X,XXX a EVs, the billion once Looking including expect beyond X,XXX we million and year that, in revenues. to chain sell bit supply normalizes, or $XXX generate $X.XX adjusted EBITDA normal unit a units, on approximately further
Looking to further term. the medium
including adjusted $XXX X,XXX operational to range in units, the improvements support of units, of or to and with billion growth million EBITDA can to XX,XXX of XX% $XXX of EV to volumes XX%. XX,XXX $X.XX to Our EVs million $X.X generating X,XXX revenues billion,
up of or drive up growth $X of in XX,XXX comprising Our of X,XXX XX%. $XXX units, billion which remains EBITDA to and towards to long-term to are million target EVs profitable generate revenues,
and We expand over Phil? are to on Bird's excited about it this. to will Blue future, incredibly now further turn I Phil back
