Greenbrier Q3 2024 Earnings Report
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.
Greenbrier
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Greenbrier 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