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May 31, 2024
Greenbrier Q3 2024 Earnings Report
Greenbrier's earnings per share grew to its highest level in over 4.5 years, driven by strong gross margins and new railcar orders.
Key Takeaways
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.
Lease fleet grew by 600 units to 15,200 units, with lease fleet utilization of nearly 99%.
Operating cash flow generation totaled $84 million.
New railcar orders totaled 6,300 units valued at $830 million, resulting in a backlog of 29,400 units valued at $3.7 billion.
Net earnings attributable to Greenbrier were $34 million, or $1.06 per diluted share, on revenue of $820 million.
Revenue by Segment
Forward Guidance
Greenbrier updated guidance for fiscal year 2024.
Positive Outlook
- Deliveries of 23,500 – 24,000 units, including approximately 1,400 units in Brazil
- Revenue of $3.5 – $3.6 billion
- Consolidated gross margin percentage increased to the mid-teens
- Capital expenditures of approximately $150 million in Manufacturing
- Capital expenditures of approximately $15 million in Maintenance Services
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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