Financial Performance - Diluted EPS reached $1.06, the highest level in over 4.5 years, with net earnings of $34 million on revenue of $820 million[2] - EBITDA for the quarter was $104 million, representing 13% of revenue and the highest level in over 4.5 years[2] - Net earnings for the three months ended May 31, 2024, were $40.6 million, compared to $33.6 million for the previous period[30] - Net earnings for the nine months ended May 31, 2024, increased to $107.4 million, compared to $46.2 million for the same period in 2023, representing a 132.3% increase[16] - Basic earnings per common share for the three months ended May 31, 2024, were $1.09, compared to $0.67 for the same period in 2023[14] - The company reported a net cash provided by operating activities of $138.4 million for the nine months ended May 31, 2024, significantly up from $1.2 million in the prior year[16] - The company declared a quarterly dividend of $0.30 per share, marking its 41st consecutive quarterly dividend[2] - Dividends per common share increased to $0.30 for the three months ended May 31, 2024, compared to $0.27 for the same period in 2023[14] Revenue and Orders - Total revenue for the third quarter was $820.2 million, with manufacturing revenue at $685.1 million, maintenance services at $69.9 million, and leasing & management services at $65.2 million[22] - New railcar orders totaled 6,300 units valued at $830 million, contributing to a backlog of 29,400 units worth an estimated $3.7 billion[2] - The ending backlog increased to 29,400 units, up from a beginning backlog of 29,200 units, with orders received totaling 6,300 units during the three months ended May 31, 2024[28] - Total deliveries for the period were 5,400 units, which included 3,700 direct sales and 1,700 leased railcars sold for syndication[28] - Revenue from Leasing & Management Services increased to $65.2 million, driven by increased syndication activity[7] Operational Efficiency - Gross margin improved to 15.1%, up from 14.2% in the previous quarter, driven by better operating performance in Manufacturing and Maintenance Services[5] - Operating cash flow generated was $84 million, reflecting strong operational efficiency[2] - Earnings from operations for the third quarter were $72.3 million, with selling and administrative expenses totaling $59.3 million[22] Leasing and Fleet Growth - The lease fleet grew by 600 units to 15,200 units, with a fleet utilization rate of nearly 99%[1] - Greenbrier's leasing strategy aims to double recurring revenue from leasing and management fees by investing up to $300 million net annually over the next five years[18] - The Greenbrier lease fleet increased to 15,200 units as of May 31, 2024, up from 14,600 units at the end of February 2024[19] - Equipment on operating lease increased to $1,226.9 million as of May 31, 2024, compared to $1,160.5 million at the end of February 2024[19] Financial Position - The total cash and cash equivalents and restricted cash at the end of the period was $291.8 million, down from $341.5 million at the end of the previous year[16] - Total assets as of May 31, 2024, were $4,115.8 million, compared to $4,043.6 million as of February 29, 2024[27] - Total consolidated debt as of May 31, 2024, was $1,762.3 million, up from $1,722.6 million as of February 29, 2024[31] - The company reported a total leasing non-recourse debt of $944.9 million as of May 31, 2024, up from $895.2 million at the end of February 2024[19] Future Outlook - Greenbrier updated its fiscal 2024 guidance, projecting revenue between $3.5 billion and $3.6 billion and deliveries of 23,500 to 24,000 units[4] - Capital expenditures are expected to be approximately $150 million in Manufacturing and $15 million in Maintenance Services[4] - Greenbrier's management remains optimistic about future orders and backlog, although they caution that not all orders are guaranteed[32] Risks and Considerations - The company highlighted potential risks including economic downturns, inflation, and supply chain disruptions that could impact future performance[32] - Greenbrier emphasizes that EBITDA is not a GAAP measure and should not be considered in isolation from other financial metrics[33] - The company defines EBITDA as net earnings before interest, foreign exchange, income tax expense, and depreciation and amortization, providing a clearer view of operational performance[34]

Diluted EPS of $1.06 grows to highest level in over 4.5 yearsNew railcar orders of 6,300 units valued at $830 millionGross margin of 15%LAKE OSWEGO, Ore., July 8, 2024 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE: GBX) ("Greenbrier"), a leading international supplier of equipment and services to global freight transportation markets, today reported financial results for its third fiscal quarter ended May 31, 2024.Third Quarter Highlights Grew lease fleet by 600 units to 15,200 units with lease fleet ...

LAKE OSWEGO, Ore., June 21, 2024 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE:GBX) invites shareholders and other interested parties to listen to its financial results conference call for the third quarter ended May 31, 2024, live, either over the Internet or via dial in.What: The Greenbrier Companies Q3 2024 Financial Results Conference CallWhen: Monday, July 8, 2024 at 8:00 a.m. PDTListeners can access the webcast at the Greenbrier website at www.gbrx.com.  To register for or access the webcast, c ...

The Zacks  Transportation - Equipment and Leasing industry currently stands to benefit from the solid investor-friendly steps. Notably, consistent shareholder-friendly initiatives in the form of dividend payouts or share buybacks imply solid financial strength of companies in the Equipment and Leasing industry. Such moves boost investors’ confidence and positively impact the bottom line.Notably, the industry has risen 37% compared with the Zacks S&P 500 Composite’s northward movement of 25.6% and the Zacks ...

Pgiam/iStock via Getty Images Investment Summary Now we are halfway through the year, it is imperative to position for sector and factor rotations amid the upcoming slew of second-quarter earnings. Around 1 month ago, I constructed a composite made up of 1) the current S&P 500 Index sector weightings, versus 2) the projected next 12 months' earnings growth of each sector. As you can see in Figure 1, the industrials sector looks to offer the least compelling price/value calculus based on this. The basic ...

Investors looking for stocks in the Transportation - Equipment and Leasing sector might want to consider either Greenbrier Companies (GBX) or Westinghouse Air Brake Technologies (WAB) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks R ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, May 30:Signet Jewelers Limited (SIG) : This diamond jewelry company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.8% over the last 60 days.Signet Jewelers Limited has a PEG ratio of 1.16 compared with 18.74 for the industry. The company possesses a Growth Score of A.Royal Caribbean Cruises Ltd. (RCL) : This cruise company carries a Zacks ...

Greenbrier Companies (GBX) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, GBX broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.Sim ...

After reaching an important support level, Greenbrier Companies (GBX) could be a good stock pick from a technical perspective. GBX surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down t ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being under ...