Blue Bird Corporation

Greetings and welcome to Bluebird Corporation Fiscal 2020 Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during a conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mark Benfield, Executive Director, Profitability and Investor Relations. Thank you. You may begin.

Thank you and welcome to Bluebird's fiscal 2020 third quarter earnings conference call. The audio for our call is webcast live on blue-bird.com under the investor relations tab. You can access the supporting slides on our website by clicking on the presentations box on the IR landing page. Our comments today include forward-looking statements that are subject to risks that could cause actual results to be materially different. Those risks include, among others, matters we have noted in our latest earnings released and filings with the SEC. Bluebird disclaims any obligation to update the information in this call. This afternoon, you will hear from Bluebird's president and CEO, Phil Horlock, and CFO, Jeff Taylor. Then we will take some questions. So let's get started. Phil?

Okay, well, thanks, Mark. Well, good afternoon, everybody, and thank you for joining us today for our third quarter earnings call for fiscal 2020. Before I jump into the presentation, I'd like to give you a brief introduction on how I assess our position today. The third quarter was a difficult one, with employee concerns over the coronavirus pandemic and supplier shutdowns causing Bluebird to close its plant for two weeks. Schools were also closed, and transportation employees were sheltering in place. School boards were deliberating over plans for school start in the fall, and new bus orders were delayed significantly. Let me state, however, that Bluebird is in a strong financial position with ample liquidity. We have a history of robust cash generation, a culture of winning, and leadership in growing segments, a clearly defined margin growth strategy, and an experienced team with a proven track record of delivering results and handling difficult times.