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Aug 31, 2023
Greenbrier Q4 2023 Earnings Report
Greenbrier reported strong Q4 and fiscal year 2023 results, driven by solid execution and a record revenue in fiscal 2023.
Key Takeaways
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.
High lease fleet utilization of 98% on 13,400 unit fleet.
Received new railcar orders for 15,300 units valued at $1.9 billion in the quarter.
Diversified new railcar backlog as of August 31, 2023 was 30,900 units with an estimated value of $3.8 billion.
Fourth quarter deliveries of 7,000 units.
Revenue by Segment
Forward Guidance
Greenbrier expects deliveries of 22,500 – 25,000 units including approximately 1,000 units in Brazil with revenue of $3.4 – $3.7 billion
Positive Outlook
- Deliveries of 22,500 – 25,000 units including approximately 1,000 units in Brazil
- Accretive earnings from railcar refurbishment programs
- Revenue of $3.4 – $3.7 billion
- Capital expenditures of approximately $190 million in Manufacturing and $15 million in Maintenance Services
- Proceeds from equipment sales are expected to be approximately $80 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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