Greenbrier delivered solid Q3 FY25 performance driven by higher deliveries, strong leasing activity, and ongoing operational efficiencies.
Greenbrier delivered solid financial results in Q2 FY25, achieving high gross margins and core earnings growth, while managing a strategic facility closure in Europe.
Greenbrier achieved impressive results in the first quarter of fiscal 2025, delivering exceptional bottom-line performance and ROIC within their long-term range. The ongoing expansion of the lease fleet and resulting recurring revenue is encouraging. The company is affirming its full-year guidance and expects demand to increase as 2025 progresses.
Greenbrier reported Q4 net earnings of $62 million, or $1.92 per diluted share, on revenue of $1.1 billion. The company's gross margin was 18.2% in Q4. New railcar orders for the quarter were 4,400 units valued at $575 million and deliveries of 7,000 units.
Greenbrier reported strong third-quarter results, with diluted EPS reaching its highest level in over 4.5 years. The company benefited from a focus on efficiencies and execution, leading to solid performance across its business segments. Greenbrier received new railcar orders of 6,300 units valued at $830 million.
Greenbrier's Q2 2024 results showed net earnings of $33 million, or $1.03 per diluted share, on revenue of $863 million. The company grew its lease fleet and obtained new railcar orders, with a strong gross margin.
Greenbrier's first quarter saw net earnings of $31 million, or $0.96 per diluted share, on revenue of $809 million. The company grew its lease fleet, received new railcar orders, and maintained a strong backlog. Management expressed confidence in achieving strategic targets and enhancing financial performance.
Greenbrier reported net earnings of $25 million, or $0.77 per diluted share, on revenue of $1 billion for the fourth quarter. The company received new railcar orders for 15,300 units valued at $1.9 billion in the quarter, and the diversified new railcar backlog as of August 31, 2023, was 30,900 units with an estimated value of $3.8 billion.
Greenbrier reported Q3 revenue of $1 billion. GAAP EPS was $0.64, which included a $13 million loss from the sale and exit of Gunderson Marine. Adjusted EPS was $1.02. The company received new railcar orders for 4,600 units valued at $650 million and delivered 6,600 units.
Greenbrier's second quarter saw new railcar orders of 4,500 units valued at $580 million and deliveries of 7,600 units. The company's new railcar backlog reached 25,900 units, valued at $3.1 billion. Net earnings attributable to Greenbrier were $33 million, or $0.97 per diluted share, on revenue of $1.1 billion.
Greenbrier's Q1 results showed a net loss of $17 million, or $0.51 per diluted share, on revenue of $767 million. Adjusted net earnings were $1.6 million, or $0.05 per diluted share. The company secured new railcar orders for 5,600 units, resulting in a book-to-bill ratio of 1.2x. Manufacturing margins were impacted by higher costs and supply chain complications, while lease fleet utilization remained strong at 98%.
Greenbrier reported Q4 2022 results with earnings of $0.60 per diluted share on revenue of $950 million. The company generated nearly $180 million in operating cash flow and maintained a strong lease fleet utilization of 98%. They also issued fiscal 2023 guidance.
Greenbrier reported net earnings of $3.1 million, or $0.09 per diluted share, on revenue of $794 million. The company's new railcar backlog reached its highest value in six years at $3.6 billion, and lease fleet utilization remained high at 98%.