Greenbrier Q4 2022 Earnings Report
Key Takeaways
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.
New railcar orders for 4,800 units valued at $620 million and deliveries of 5,800 units.
Diversified new railcar backlog as of August 31, 2022 was 29,500 units with an estimated value of $3.5 billion.
Ended the quarter with liquidity of $690 million, including $543 million in cash and $147 million of available borrowing capacity.
Net earnings attributable to Greenbrier for the quarter were $20 million, or $0.60 per diluted share, on revenue of $950 million.
Greenbrier
Greenbrier
Greenbrier Revenue by Segment
Forward Guidance
Greenbrier expects deliveries of 22,000 – 24,000 units, revenue at $3.2 – $3.6 billion, and capital expenditures at approximately $240 million in Leasing & Management Services, $80 million in Manufacturing and $10 million in Maintenance Services for fiscal year 2023.
Positive Outlook
- Deliveries of 22,000 – 24,000 units including approximately 1,000 units in Greenbrier-Maxion (Brazil)
- Revenue at $3.2 – $3.6 billion
- Capital expenditures at approximately $240 million in Leasing & Management Services
- Capital expenditures at approximately $80 million in Manufacturing
- Capital expenditures at approximately $10 million in Maintenance Services
Revenue & Expenses
Visualization of income flow from segment revenue to net income