Matthew Stevenson

“Razvan and I are extremely excited to update you on our results for quarter two, which was probably the most pivotal quarter for the company in years and begins to highlight the real potential of our business.”

“It has been just two months since our most recent earnings call, but Razvan and I are still very excited to update you on the progress of Blue Bird.”

“Razvan and I are incredibly excited to share an update on the progress of Blue Bird. No doubt fiscal year '22, which closed on October 1, was a challenging year due to the residual effects of COVID that impacted our business, which included exhaustive supply chain disruptions and unprecedented industrial inflation.”

“As you can see on the left-hand side of the slide, our aggressive plan to improve our business operations is taking hold. As we predicted on the previous earnings calls, Q3 was a defining quarter for us.”

“The second quarter of our fiscal year 2022 began on a positive note with an improving supply chain environment and softening futures on commodities. But these early gains were disrupted by world events in Ukraine and China, which led to considerable disruptions in our supply base and higher material cost inflation.”