-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FzYJ6tN8A2m/dBdgnKt0I6Ad1H7xzu7FfMx9eqD6zhREgt8KYRELX9VIo0jjGydA F6jnMF2XdHkxDC+GhFMdmg== 0001007171-98-000013.txt : 19980916 0001007171-98-000013.hdr.sgml : 19980916 ACCESSION NUMBER: 0001007171-98-000013 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980801 FILED AS OF DATE: 19980915 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLUE BIRD CORP CENTRAL INDEX KEY: 0000889469 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 133638126 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 033-49544-01 FILM NUMBER: 98709322 BUSINESS ADDRESS: STREET 1: 3920 ARKWRIGHT ROAD CITY: MACON STATE: GA ZIP: 31210 BUSINESS PHONE: 9127577100 MAIL ADDRESS: STREET 2: 3920 ARKWRIGHT RD STE 275 CITY: MACON STATE: GA ZIP: 31210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLUE BIRD BODY CO CENTRAL INDEX KEY: 0000889468 STANDARD INDUSTRIAL CLASSIFICATION: TRUCK & BUS BODIES [3713] IRS NUMBER: 580813156 STATE OF INCORPORATION: GA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 033-49544 FILM NUMBER: 98709323 BUSINESS ADDRESS: STREET 1: 3920 ARKWRIGHT ROAD STREET 2: SUITE 275 CITY: MACON STATE: GA ZIP: 31210 BUSINESS PHONE: 9127577100 MAIL ADDRESS: STREET 1: 3920 ARKWRIGHT ROAD STREET 2: SUITE 275 CITY: MACON STATE: GA ZIP: 31210 10-Q 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) /x/ JOINT QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the period ended August 1, 1998 / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number 33-49544-01 Commission File Number 33-49544 Blue Bird Corporation Blue Bird Body Company (Exact name of registrant as (Exact name of registrant as specified in its charter) specified in its charter) Delaware Georgia (State or other jurisdiction of (State or other jurisdiction of incorporation or organization) incorporation or organization) 13-3638126 58-0813156 (I.R.S. Employer Identification No.) (I.R.S. Employer Identification No.) 3920 Arkwright Road 3920 Arkwright Road Macon, Georgia 31210 Macon, Georgia 31210 (Address of principal executive (Address of principal executive offices, including zip code) offices, including zip code) (912) 757-7100 (912) 757-7100 (Registrant's telephone number, (Registrant's telephone number, including area code) including area code) Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. Yes /X/ No / / As of September 1, 1998, 8,434,778 shares of Blue Bird Corporation's common stock and 10 shares of Blue Bird Body Company's common stock were outstanding. BLUE BIRD BODY COMPANY ("BLUE BIRD" OR THE "COMPANY") IS A WHOLLY- OWNED SUBSIDIARY OF BLUE BIRD CORPORATION ("BBC"). BLUE BIRD MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION H(1) (a) AND (b) OF FORM 10-Q AND IS THEREFORE FILING CERTAIN PORTIONS OF THIS FORM 10-Q APPLICABLE TO IT WITH THE REDUCED DISCLOSURE FORMAT PERMITTED BY SUCH GENERAL INSTRUCTION. BLUE BIRD CORPORATION BLUE BIRD BODY COMPANY Quarterly Report on Form 10-Q For the Three-Month and Nine-Month Periods Ended August 1, 1998 Table of Contents Page PART I. FINANCIAL INFORMATION Item 1. Financial Statements: Condensed Consolidated Balance Sheets as of August 1, 1998 and November 1, 1997 ..................................... 1 Condensed Consolidated Statements of Income for the three-month and nine-month periods ended August 1, 1998 and August 2, 1997 ....................................... 2 Condensed Consolidated Statements of Cash Flows for the nine-month periods ended August 1, 1998 and August 2, 1997 ................................... 3 Notes to Condensed Consolidated Financial Statements ................................. 4 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations ........................................... 6 Item 3. Quantitative and Qualitative Disclosures about Market Risk .................................... 9 PART II. OTHER INFORMATION Item 1. Legal Proceedings ...................................... 9 Item 6. Exhibits and Reports on Form 8-K ....................... 9 Signatures ............................................. 10 BLUE BIRD CORPORATION AND SUBSIDIARIES BLUE BIRD BODY COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS AUGUST 1, 1998 AND NOVEMBER 1, 1997 ($ IN THOUSANDS)
AUGUST 1, NOVEMBER 1, 1998 1997 --------- ---------- (UNAUDITED) ASSETS CURRENT ASSETS Cash and cash equivalents $ 8,677 $ 31,031 Trade receivables 36,629 16,515 Leases receivable 41,906 43,116 Inventories 180,526 76,385 Prepaid expenses 1,938 1,611 Other current assets 2,450 1,703 -------- -------- Total current assets 272,126 170,361 LEASES RECEIVABLE, NONCURRENT 56,469 59,207 PROPERTY, PLANT, AND EQUIPMENT 70,173 68,604 Less accumulated depreciation (34,636) (30,503) -------- -------- Property, plant, and equipment, net 35,537 38,101 GOODWILL AND DEBT ISSUE COSTS 162,463 162,463 Less accumulated amortization (26,323) (22,494) -------- -------- Goodwill & debt issue costs, net 136,140 139,969 -------- -------- OTHER ASSETS 4,642 4,862 -------- -------- Total assets $ 504,914 $ 412,500 ======== ======== LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY CURRENT LIABILITIES: Revolving credit facilities $ 45,800 $ 0 Current portion of long-term debt 14,750 12,750 Accounts payable 54,562 21,708 Income taxes payable 1,690 42 Deferred income taxes 5,832 4,474 Other current liabilities 42,149 32,116 -------- -------- Total current liabilities 164,783 71,090 LONG-TERM DEBT 328,516 339,563 DEFERRED INCOME TAXES 5,565 4,612 OTHER LIABILITIES 22,211 21,678 REDEEMABLE COMMON STOCK, NET 18,357 20,676 -------- -------- Total liabilities 539,432 457,619 -------- -------- STOCKHOLDERS' (DEFICIT) EQUITY: Common stock, $.01 par value; 25,000,000 shares authorized; 7,704,778 shares outstanding 77 77 Additional paid-in capital 77,023 77,023 Retained earnings (deficit) (107,870) (119,206) Other stockholders' (deficit) equity (3,748) (3,013) -------- -------- Total stockholders' (deficit) equity (34,518) (45,119) -------- -------- Total liabilities and stockholders' (deficit) equity $ 504,914 $ 412,500 ======== ========
The accompanying notes are an integral part of these condensed consolidated statements. 1 BLUE BIRD CORPORATION AND SUBSIDIARIES BLUE BIRD BODY COMPANY AND SUBIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED AUGUST 1, 1998 AND AUGUST 2, 1997 ($ IN THOUSANDS)
THREE MONTHS ENDED NINE MONTHS ENDED AUGUST 1, AUGUST 2, AUGUST 1, AUGUST 2, 1998 1997 1998 1997 ---------- ---------- --------- ---------- (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) Net sales $ 200,558 $ 193,672 $ 394,172 $ 372,587 Cost of goods sold 165,582 160,162 322,750 306,422 -------- -------- --------- ---------- Gross profit 34,976 33,510 71,422 66,165 Selling, general and administrative expenses 11,932 11,703 34,633 34,051 Amortization of goodwill and other intangibles 960 960 2,880 2,880 Nonrecurring items 0 0 0 16,506 -------- -------- -------- -------- Operating income 22,084 20,847 33,909 12,728 Interest income 1,694 1,440 5,323 4,382 Interest and debt issue expense (9,357) (9,371) (26,455) (25,520) Other income (expense) 139 369 744 1,174 -------- -------- -------- -------- Income (loss) before income taxes 14,560 13,285 13,521 (7,236) Provision (benefit) for income taxes 4,827 4,920 4,505 (8,328) -------- -------- -------- -------- Net income before extraordinary items 9,733 8,365 9,016 1,092 Extraordinary item - loss on early extinguishment of debt 0 0 0 (2,986) -------- -------- -------- -------- Net income (loss) $ 9,733 $ 8,365 $ 9,016 $ (1,894) ======== ======== ======== ========
The accompanying notes are an integral part of these condensed consolidated statements. 2 BLUE BIRD CORPORATION AND SUBSIDIARIES BLUE BIRD BODY COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE-MONTH PERIODS ENDED AUGUST 1, 1998 AND AUGUST 2, 1997 ($ IN THOUSANDS)
NINE MONTHS ENDED AUGUST 1, AUGUST 2, 1998 1997 --------- --------- (UNAUDITED) (UNAUDITED) CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 9,016 $ (1,894) ------- ------- Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Extraordinary loss on extinguishment of debt 0 4,755 Depreciation and amortization 8,664 8,488 Increase (decrease) in cash surrender value of life insurance (76) (109) Deferred income taxes 2,311 (1,205) Changes in operating assets and liabilities: (Increase) decrease in trade receivables (20,114) (19,724) (Increase) decrease in inventories (104,141) (81,509) (Increase) decrease in prepaid expenses (327) (780) Increase (decrease) in accounts payable 32,854 25,050 Increase (decrease) in income taxes payable 1,648 (9,214) Other 10,229 9,003 ------- ------- Total adjustments (68,952) (65,245) ------- ------- Net cash used in operating activities (59,936) (67,139) ------- ------- CASH FLOWS FROM INVESTING ACTIVITIES: Property, plant, and equipment acquisitions (2,369) (4,759) (Increase) decrease in leases receivable 3,948 (13,241) ------- ------- Net cash used in investing activities 1,579 (18,000) ------- ------- CASH FLOWS FROM FINANCING ACTIVITIES: Net borrowing on working capital revolvers 45,300 52,200 Borrowing on long-term debt 0 274,699 Repayment of long-term debt (8,563) (89,375) Dividends paid 0 (185,345) Debt prepayment premium 0 (3,369) Debt issuance costs 0 (9,695) Proceeds from management notes 0 3,800 ------- ------- Net cash provided by financing activities 36,737 42,915 ------- ------- EFFECT OF EXCHANGE RATE FLUCTUATIONS (734) (415) ------- ------- NET DECREASE IN CASH AND CASH EQUIVALENTS (22,354) (42,639) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 31,031 46,253 ------- ------- CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 8,677 $ 3,614 ======= ======= SUPPLEMENTAL INFORMATION: Cash interest paid $ 28,102 $ 22,232 ======= ======= Cash income taxes paid $ 456 $ 10,044 ======= =======
The accompanying notes are an integral part of these condensed consolidated statements. 3 BLUE BIRD CORPORATION AND SUBSIDIARIES BLUE BIRD BODY COMPANY AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. BASIS OF FINANCIAL STATEMENTS AND FORMATION AND ORGANIZATION The accompanying unaudited condensed consolidated financial statements of Blue Bird Corporation and subsidiaries ("BBC") have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. It is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and the notes thereto included in the joint annual report of BBC and Blue Bird Body Company on Form 10-K for the fiscal year ended November 1, 1997. The accompanying unaudited financial statements include, in the opinion of management, all adjustments, which are of a normal recurring nature, necessary for a fair presentation for the periods presented. Results for the interim periods presented are not necessarily indicative of results that may be expected for a full fiscal year. Fiscal Year BBC's fiscal year ends on the Saturday nearest October 31 of each year, generally referred to as a "52-/53-week year." Fiscal years 1998 and 1997 each contain 52 weeks. 4 2. INVENTORIES Inventories are valued at the lower of cost or market, cost being determined on the last-in, first-out basis. If the first-in, first-out method had been used, inventories would have been approximately $3.8 million higher at August 1, 1998 and approximately $2.9 million higher at November 1, 1997. The components of inventory consist of the following at August 1, 1998 and November 1, 1997 (dollars in thousands): 1998 1997 -------- --------- Raw materials $ 38,445 $22,251 Work in process 63,488 26,792 Finished goods 78,593 27,342 -------- --------- $180,526 $76,385 ======== ========= 3. CONTINGENCIES Pending Litigation and Insurance Program As of August 1, 1998, a number of product liability cases were pending against a subsidiary of BBC. Neither the outcome of certain cases nor the amounts of any liabilities related to these certain cases are known; however, management believes that the ultimate resolution of these matters will not have a material adverse impact on BBC's financial position or results of operations. 4. RECAPITALIZATION During November 1996, Blue Bird was recapitalized, resulting in the repayment of the then existing $86 million of debt, the issuance of new debt in the amount of $275 million and a distribution paid to shareholders and holders of options for BBC common stock of $185.3 million and $16.5 million, respectively. The existing Subordinated Notes were repurchased at a premium of $3.4 million. Debt issuance costs related to the recapitalization were $9.7 million. A nonrecurring recapitalization charge was taken in November to recognize the $3.4 million premium cost, $1.4 million of original debt issue costs written off and $16.5 million General and Administrative expenses related to the distribution payment to option holders for a total of $21.3 million. The Company quarterly records an adjustment to the redeemable common stock based on an estimated Company valuation net of outstanding debt in accordance with the formula in the stockholders' agreement. 5 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS RESULTS OF OPERATIONS THREE MONTHS ENDED AUGUST 1, 1998 COMPARED TO THREE MONTHS ENDED AUGUST 2, 1997 Net sales for the quarter ended August 1, 1998, were $200.6 million compared to $193.7 million for the corresponding period in 1997. The increase was due to a higher average selling price per unit in 1998. Gross profit increased to $35.0 million in the third quarter of 1998 from $33.5 million in the third quarter of 1997, an increase of $1.5 million or 4.5% due to higher sales volume. The gross margin of 17.4% was in line with the 1997 period gross margin of 17.3%. Selling, general and administrative expenses increased to $11.9 million from $11.7 million in the 1997 period, an increase of $.2 million or 1.7%. The increase was related to increased R&D costs associated with new product development and introduction. Interest income increased to $1.7 million from $1.4 million in the 1997 period, an increase of $.3 million or 21.4%. The increase was due to a larger average lease portfolio balance in the current year. The provision for income taxes was $4.8 million in the current period compared to a provision of $4.9 million in the 1997 period. The decrease in the provision was due to the lower effective tax rate in the current year period, reflecting increased tax exempt interest income. NINE MONTHS ENDED AUGUST 1, 1998 COMPARED TO NINE MONTHS ENDED AUGUST 2, 1997 Net sales for the nine months ended August 1, 1998, were $394.2 million, an increase of $21.6 million or 5.8% compared to the corresponding period in 1997. This increase was due to a higher average selling price per unit in 1998. Gross profit increased to $71.4 million in the current period as compared to $66.2 million in the 1997 period. This was an increase of $5.2 million or 7.9% due to higher sales volume and gross margin. The gross margin increased to 18.1% compared to 17.8% in the 1997 period due to the mix of units delivered having a higher gross margin compared to prior year. Selling, general and administrative expenses increased to $34.6 million from $34.1 million in the 1997 period, an increase of $.5 million or 1.5% related to increased sales activity. Nonrecurring general and administrative charges of $16.5 million were taken in the prior year at the time of the recapitalization. 6 Interest income increased to $5.3 million from $4.4 million in the 1997 period, an increase of $.9 million or 20.5%. The increase was due to a larger average lease portfolio balance compared to 1997. Interest expense increased to $26.5 million in the current period from $25.5 million in the prior year period due to the increased average debt in the current period to support the larger lease portfolio. The provision for income taxes was $4.5 million in the current period compared to a benefit for income taxes of $8.3 million in the 1997 period. The 1997 period reflected a loss. The higher effective tax rate for 1997 was result of the combined effect of certain tax benefits, in particular, the tax benefit related to a portion of the dividend paid to shareholders in the recapitalization being deductible for tax purposes as well as the tax benefit related to the ordinary loss and the nonrecurring charge. The extraordinary loss of $3.0 million, net of a tax benefit of $1.8 million, occurring in the 1997 period was due to the early extinguishment of $50 million of Subordinated Notes as part of the recapitalization. YEAR 2000 As a result of certain computer programs being written using two digits rather than four to define the applicable year, information systems that have date sensitive software may be unable to properly recognize and process dates and date-sensitive information on and beyond January 1, 2000 (the "Year 2000 Problem"). The Year 2000 Problem, which is common to most businesses, could, if not resolved, have a detrimental effect on the Company's operations, and interfere with the Company's ability to engage in normal business activities. If unremedied, the Year 2000 Problem could result in systems failures or miscalculations causing disruptions, including, among other things, a temporary slowdown of manufacturing operations due to parts shortages and, consequently, a temporary inability to delivery buses to customers. In 1993, the Company began a company-wide assessment of the vulnerability of its systems to the Year 2000 Problem and began modifying all affected software. Approximately 90% of the software used by the Company was developed and is maintained in-house. All software systems have been reviewed to determine Year 2000 compliance. The Company currently expects to have most of the necessary revisions and testing to such systems and processes completed by December 31, 1998. Hardware and network systems review is scheduled for completion in early 1999. The Company is also in the process of surveying major vendors and customers to determine their efforts toward resolution of the Year 2000 Problem. The Company currently has no specific written contingency plan in the event either the Company or its significant vendors or customers have not remedied the Year 2000 Problem; however, management of the Company is in the process of developing a contingency plan and anticipates completing such plan in 1999. 7 Since 1993, the Company has treated the costs associated with modifying affected systems as on-going software maintenance; accordingly, no separate budget or historic costs have seen set or maintained. The Company believes that the remaining costs associated with completion of the internal resolution of the Year 2000 Problem will not have a material effect on the financial position, liquidity or results of operations of the Company. Although the Company believes that it will be able to modify or replace its affected systems in time to minimize any detrimental effects on its operations caused by the Year 2000 Problem, it can make no assurance that the Company will be successful in such efforts, or that its major vendors or customers will successfully modify or replace their affected systems or that such failures would not have a material adverse effect on the Company's consolidated results of operations, liquidity or capital resources in the future. FINANCIAL CONDITION WORKING CAPITAL The Company's working capital needs are seasonal. Working capital and related bank borrowings are lowest immediately after heavy school bus deliveries late in the fourth fiscal quarter. Beginning in December or January, working capital and related bank borrowings typically start to increase as parts are purchased or manufactured and distributed to the assembly plants for assembly into buses. Management tries to build buses as close to expected delivery time as possible. Inventory is at its highest during May, June and July prior to heavy seasonal deliveries. LIQUIDITY AND CAPITAL RESOURCES Net cash used in operating activities during the nine month period of fiscal 1998 was $59.9 million. This amount reflects the customary seasonal increase in trade receivables and inventory, partially offset by a related increase in accounts payable. Scheduled repayments of the term debt during the period used additional funds of $8.6 million. The Company's principal sources of funds during this period were cash and cash equivalents on hand at the beginning of the fiscal year, borrowings on the Bankers Trust revolving line of credit during the period and funds generated by current operations. One of the Company's subsidiaries, Blue Bird Capital Corporation, has exercised its option to extend its revolving credit agreement with LaSalle National Bank until March 31, 2001, thereby extending the maturity date on the LaSalle revolving debt until the same date. During November 1996, Blue Bird was recapitalized, resulting in the repayment of the then existing $86 million of debt, the issuance of new debt in the amount of $275 million and a distribution paid to shareholders and holders of options for BBC common stock of $185.3 million and $16.5 million, respectively. 8 The existing Subordinated Notes were repurchased at a premium of $3.4 million. Debt issuance costs related to the recapitalization were $9.7 million. A nonrecurring recapitalization charge was taken in November to recognize the $3.4 million premium cost, $1.4 million of original debt issue costs written off and $16.5 million General and Administrative expenses related to the distribution payment to option holders for a total of $21.3 million. FORWARD-LOOKING STATEMENTS Any statements contained in this Form 10-Q which are not historical facts are "forward-looking statements" within the meaning of the private Securities Litigation Reform Act of 1995. The Company cautions readers that there can be no assurance that the actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various factors, including, but not limited to, the degree to which the Company is leveraged and the Company's significant debt service obligations, the restrictive covenants contained in and the asset encumbrances resulting from certain of the Company's credit agreements, product liability claims for personal injuries and other matters, the availability of insurance coverage with respect to such claims and matters, governmental regulation of the Company's business, the limited number of chassis suppliers, the control of the Company by Merrill Lynch Capital Partners, Inc. and the consequences arising under the Company's credit agreements in the event of a change of control. Item 3. Quantitative and Qualitative Disclosures about Market Risk. Not applicable. Part II. OTHER INFORMATION Item 1. Legal Proceedings. Reference is made to BBC's and the Predecessor's Joint Annual Report on Form 10-K for the fiscal year ended November 1, 1997 for a description of certain legal proceedings to which BBC or the Predecessor is a party. Item 6. Exhibits and Reports on Form 8-K. (a) Exhibits. 27.1 Financial Data Schedule (b) Reports on Form 8-K. There were no reports on Form 8-K filed by the Registrants during the quarter ended August 1, 1998. 9 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BLUE BIRD CORPORATION BLUE BIRD BODY COMPANY By /s/ Paul E. Glaske By /s/ Paul E. Glaske Paul E. Glaske Paul E. Glaske Chairman of the Board and Chairman of the Board and President and Director President and Director (Principal Executive (Principal Executive Officer) Officer) Date: September 15, 1998 Date: September 15, 1998 By /s/ Bobby G. Wallace By /s/ Bobby G. Wallace Bobby G. Wallace Bobby G. Wallace Vice President, Treasurer and Vice President - Finance Secretary and Director and Administration, (Principal Financial and Treasurer and Secretary Accounting Officer) and Director (Principal Financial and Accounting Officer) Date: September 15, 1998 Date: September 15, 1998 10 EX-27 2 FINANCIAL DATA SCHEDULE
5 0000889468 Blue Bird Body Company 1,000 9-MOS OCT-31-1998 NOV-02-1997 AUG-01-1998 8,677 0 78,535 0 180,526 272,126 70,173 (34,636) 504,914 164,783 328,516 18,434 0 0 (34,595) 504,914 394,172 394,172 322,750 37,513 (6,067) 0 26,455 13,521 4,505 9,016 0 0 0 9,016 0 0
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