Blue Bird Fiscal 2018 Third Quarter Impacted by Commodities Headwind

MACON, Ga. — Blue Bird Corp. (“Blue Bird”) (NASDAQ: BLBD), the leading independent designer and manufacturer of school buses, announced today its fiscal 2018 third quarter results. Blue Bird Corp. delivered higher net income, up 9.3 percent from the prior year as well as solid Adjusted EBITDA of $23.7 million. Strong earnings were delivered, despite higher commodity costs.

Cummins Announces $500 Million Accelerated Share Repurchase

COLUMBUS, Ind. — Cummins, Inc. (NYSE:CMI) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Goldman, Sachs & Co. LLC. (GS&Co.) to repurchase $500 million of Cummins’ common stock. Today’s ASR is part of Cummins’ previously announced share repurchase plans authorized by the Board of Directors and is consistent with the company’s plans to return 75 percent of Operating Cash Flow to shareholders in 2018.

Prestolite Motor’s Leading Starting Performance in Medium Duty Engines

NOVI, Mich. — Prestolite Electric is delivering industry-leading starting performance to the medium duty market with the PowerPro Extreme 5, an all-new 12V 4.5kW premium replacement starter from Leece-Neville Heavy Duty Systems. The latest addition to the PowerPro Extreme range offers high-torque, high-efficiency starting power for 6- to 10-liter engines used in construction, fire and rescue, pickup and delivery, refuse and school bus applications.