EV Production Scaling and Financial Overview
Adjusted EPS Reconciliation
BLUE BIRD
Three Months Ended
(in thousands of dollars)
July 1, 2023
Net income (loss)
$
9,358 $
Adjustments, net of tax benefit or expense (1)
Operational transformation initiatives
Product redesign initiatives
Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss)
145
Nine Months Ended
July 1, 2023
5,194 $
July 2, 2022
(22,664)
4,238
July 2, 2022
(6,435) $
3,049
838
11
412
Share-based compensation expense
Stockholder transaction costs
Loss on debt modification
Other
Adjusted net income (loss), non-GAAP
696
500
1,649
2,365
4,077
4,626
397
421
$
217
14,493 $
2
(2,873)
425
214
13,129
(15,014)
(1) Amounts are net of estimated tax rates of 26% for the three and nine months ended July 1, 2023, and 25% for the three and
nine months ended July 2, 2022.
Reconciliation of Diluted EPS to Adjusted Diluted EPS
Three Months Ended
July 1, 2023
July 2, 2022
Nine Months Ended
July 1, 2023
Diluted earnings (loss) per share
$
0.29 $
(0.20) $
0.16 $
July 2, 2022
(0.74)
One-time charge adjustments, net of tax
benefit or expense
0.15
0.11
0.25
0.25
Adjusted diluted earnings (loss) per share, non-
GAAP
$
0.44 $
(0.09) $
0.41 $
(0.49)
Adjusted weighted average dilutive shares
outstanding
32,598,938
32,303,649
32,335,381
30,955,646
35View entire presentation