Blue Bird announces authorization of a $25M stock repurchase program

|About: Blue Bird Corporation (BLBD)|By:, SA News Editor

The Board of Directors  of Blue Bird Corporation (NASDAQ:BLBD) authorized the company to repurchase up to $25M in the aggregate of its outstanding common stock and/or series A convertible preferred stock during the next 12 months.

“Our prior $50 million stock repurchase program closed in March 2018 and was well received by our shareholders,” said Phil Horlock, President and CEO of Blue Bird. “We are excited to leverage again our strong free cash flow generation to return capital to our shareholders through this new stock repurchase program. This initiative signifies management's and our Board’s confidence in our long-term growth prospects and our commitment to continually enhancing shareholder value.”

Press Release