Major U.S. stock indices witnessed an upside on Aug 21, reflecting investors’ optimism about a possible rate cut expected in the next Fed meeting. Notably, the Fed minutes of the July 2024 meeting, published yesterday, indicate that the Federal Reserve has moved closer to a long-awaited interest rate reduction.This might lure investors into rushing to buy some stocks, with hopes for future growth seeming bright. However, keeping in mind the volatile situation of the world economy lately, it is advisable to ...

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Greenbrier Companies (GBX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.Greenbrier Companies is a member of the Transportation sector. This group in ...

For Immediate ReleaseChicago, IL – August 5, 2024 – Today, Zacks Equity Research discusses Wabtec Corp. (WAB) , The Greenbrier Companies, Inc. (GBX) and Ryder System (R) .Industry: Transportation - Equipment LeasingLink: https://www.zacks.com/commentary/2315544/3-stocks-to-watch-from-the-transport-equipment-leasing-industryThe Zacks Transportation - Equipment and Leasing industry currently stands to benefit from the solid investor-friendly steps. Notably, consistent shareholder-friendly initiatives in the f ...

LAKE OSWEGO, Ore., July 30, 2024 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE: GBX) today remembers Board member Patrick J. Ottensmeyer, who passed away this past weekend at age 67. The Company extends its deepest condolences to his family and friends.Patrick OttensmeyerOttensmeyer had served on Greenbrier's Board since 2023, bringing decades of industry and international relations expertise. Ottensmeyer served as President and CEO of Kansas City Southern (KCS), a Class I railroad, from 2015 to 2023 ...

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.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best ret ...

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.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe ...

A downtrend has been apparent in Greenbrier Companies (GBX) lately with too much selling pressure. The stock has declined 14.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicat ...

The Greenbrier Companies NYSE: GBX stock is returning to the buy zone. The business is boring, and the Q3 release is uninspiring, but neither are reasons for income investors to shed the stock. The results certainly aren’t reasons for its price to drop more than 10%, which is why the stock price correction in GBX is a good buying opportunity to load up on more shares.Greenbrier Companies TodayGBXGreenbrier Companies$44.08 -4.48 (-9.22%) 52-Week Range$32.00▼$58.00Dividend Yield2.72%P/E Ratio12.97Price Target ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock without par value GBX New York Stock Exchange Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended May 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for th ...

Financial Data and Key Metrics Changes - The company generated over $820 million in revenue during Q3 2024, with a consolidated gross margin of 15.1%, marking the third consecutive quarter of mid-teen margins [9][21] - Net earnings attributable to Greenbrier were $34 million, resulting in diluted EPS of $1.06 per share, the highest level in over 4.5 years [22] - EBITDA reached $104 million, representing 13% of revenue, indicating strong operational performance [22] Business Line Data and Key Metrics Changes - The manufacturing gross margin for Q3 was 10.9%, showing a modest increase from Q2, with ongoing efficiency gains being sustained [15] - The leasing and management services segment added 600 units to the lease fleet, maintaining a stable fleet utilization rate of 99% [15] - The company expects to invest approximately $265 million in the lease fleet this year to support its goal of doubling recurring revenue [15] Market Data and Key Metrics Changes - Greenbrier secured new railcar orders of 6,300 units worth $830 million in Q3, with a strong backlog of 29,400 units valued at $3.7 billion [13] - Approximately 25% of orders originated from international markets, particularly Europe and Brazil, indicating healthy international demand [13] - The North American railcar market remains stable, with demand for various car types, including tank cars and covered hopper cars, continuing to be strong [40] Company Strategy and Development Direction - The company is progressing with its multiyear "Better Together" strategy, focusing on operational efficiencies and lease fleet expansion [8] - Greenbrier aims to optimize operations continuously and is on track to achieve its strategic goals ahead of schedule [9] - The company is committed to reducing its environmental footprint and has been recognized as one of America's climate leaders for 2024 [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in stable railcar demand across all geographies, with a less volatile market compared to previous decades [12] - The company anticipates a significant increase in Q4 activity, with narrowed delivery guidance of 23,500 to 24,000 units [25] - Management remains optimistic about the future, emphasizing the strength of their backlog and operational improvements [27] Other Important Information - The company returned over $9 million to shareholders through dividends, marking its 41st consecutive quarterly dividend [23] - Greenbrier has no significant near-term debt maturities, with approximately 85% of its debt fixed at a weighted average rate of about 4% [24] - The company is focused on reducing recourse debt, which has decreased by $11 million compared to the previous quarter [24] Q&A Session Summary Question: Inquiry about manufacturing order rates compared to industry data - Management noted that strong market share is due to a diverse production mix, allowing them to meet customer delivery needs effectively [31][32] Question: Follow-up on leasing segment margins and external sourcing - Management indicated that external sourcing of railcars may become more common as they grow the lease fleet, but it is difficult to predict quantitatively [34][36] Question: Discussion on North American order flow and demand evolution - Management confirmed strong demand for various railcar types and noted that the order cadence remains consistent [40][41] Question: Inquiry about mid and long-term cost initiatives in manufacturing - Management outlined initiatives expected to generate significant cost savings, with a focus on in-sourcing and capacity rationalization [42][45] Question: Clarification on production capacity and outlook for next year - Management expressed confidence in their production capacity and indicated that they expect stable production levels into 2025 [55] Question: Discussion on leasing revenue levels and near-term development - Management expects continued growth in recurring revenue from leasing, with a steady build over the last 18 months [57]