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%.