GREENBRIER NYSE: GBX InvestorRelations@gbrx.com www.gbrx.com Forward Looking Statements This presentation and the accompanying oral presentation contain forward-looking statements, including statements that are not purely statements of historical fact. The Greenbrier Companies, Inc. (the "Company," "we," "us" or "our") uses words, and variations of words, such as "backlog," "believe," "capacity," "commit," "continue," "drive," "estimate," "expect," "focus," "grow," "help," "improve," "invest," "leverage," " ...

Financial Performance - Q1 Diluted EPS of $1.72 and aggregate gross margin of 19.8%[1] - Net earnings of $55 million on revenue of $876 million, with EBITDA of $145 million (16.6% of revenue)[6] - Revenue for the first quarter of 2024 increased to $875.9 million, up from $808.8 million in the same period last year, driven by growth in both Manufacturing and Leasing & Fleet Management segments[19] - Net earnings attributable to Greenbrier for the first quarter of 2024 were $55.3 million, compared to $31.2 million in the same period last year, reflecting a significant improvement in profitability[19] - The company's earnings from operations for the first quarter of 2024 were $111.8 million, up from $64.9 million in the same period last year, reflecting improved operational efficiency and higher margins[19] - Net earnings for the three months ended November 30, 2024, were $59.1 million, compared to $65.3 million for the three months ended August 31, 2024[33] - EBITDA for the three months ended November 30, 2024, was $145.1 million, compared to $158.9 million for the three months ended August 31, 2024[33] Segment Performance - Manufacturing segment revenue of $820.4M with a gross margin of 17.1%, and Leasing & Fleet Management revenue of $55.5M with a gross margin of 60.5%[12] - Greenbrier's Manufacturing segment revenue for the first quarter of 2024 was $820.4 million, up from $759.7 million in the same period last year, driven by higher production and sales[19] - The company's Leasing & Fleet Management segment revenue for the first quarter of 2024 was $55.5 million, up from $49.1 million in the same period last year, reflecting growth in leasing activities[19] Leasing & Fleet Management - Lease fleet grew by 1,200 units to 16,700 units, maintaining high utilization of nearly 99%[6] - Greenbrier's Leasing & Fleet Management segment added 1,800 railcars to its lease fleet in the first quarter of 2024, bringing the total to 16,700 units, up from 15,500 at the beginning of the quarter[24] - Greenbrier's total leasing non-recourse debt stood at $978.7 million at the end of the first quarter of 2024, with a fleet leverage percentage of 79%, consistent with the previous quarter[24] - Total leasing non-recourse debt as of November 30, 2024, was $978.7 million, compared to $987.0 million as of August 31, 2024[34] Backlog and Orders - Quarterly new railcar orders for 3,800 units valued at $520 million, with deliveries of 6,000 units, resulting in a backlog of 23,400 units valued at $3.0 billion[6] - The company's backlog decreased to 23,400 units at the end of the first quarter of 2024, down from 26,700 units at the beginning of the quarter, due to production sold to third parties and production held on the balance sheet[31] - The company's backlog of railcar units and other orders are not necessarily indicative of future results of operations[35] Capital and Debt - Capital expenditures for FY 2025 are guided at $480M, with net capital expenditures expected to be $420M[8] - The company's cash and cash equivalents and restricted cash decreased to $312.9 million at the end of the first quarter of 2024, down from $368.6 million at the beginning of the period, primarily due to net cash used in operating and investing activities[21] - Total consolidated debt as of November 30, 2024, was $1,839.4 million, compared to $1,755.8 million as of August 31, 2024[34] - Total other debt as of November 30, 2024, was $876.5 million, compared to $785.5 million as of August 31, 2024[34] - Debt discount and issuance costs as of November 30, 2024, were $15.8 million, compared to $16.7 million as of August 31, 2024[34] Dividends and Share Repurchases - Board declared a quarterly dividend of $0.30 per share, marking the 43rd consecutive quarterly dividend[6] - Renewed $100 million share repurchase authorization through January 31, 2027[6] Guidance and Outlook - FY 2025 guidance affirmed with revenue expected between $3.35B and $3.65B, and aggregate gross margin between 16.0% and 16.5%[8] - The company's forward-looking statements include guidance and outlook, backlog and other orders, leasing performance, leasing strategy, financing, cash flow, and tax treatment[35] Operational Metrics - Operating margin for Q1 FY25 was 12.8%, up from 11.8% in Q4 FY24[11] - The company uses EBITDA as a performance measurement tool, defined as Net earnings before Interest and foreign exchange, Income tax expense, Depreciation and amortization[37] - ROIC is calculated by dividing the trailing four quarters of net operating profit after tax by the average trailing five quarters of total invested capital[38] Assets and Liabilities - Greenbrier's total assets increased to $4,287.5 million at the end of the first quarter of 2024, up from $4,254.5 million at the end of the previous quarter, driven by growth in both Manufacturing and Leasing & Fleet Management segments[30]

Group 1 - The Greenbrier Companies, Inc. announced its fiscal first quarter 2025 financial results, which will be available through a Form 8-K filing with the SEC and on its investor website [1] - A live audio webcast is scheduled for today at 2:00 p.m. Pacific Time to discuss the financial results [1] Group 2 - Greenbrier is a leading international supplier of equipment and services to global freight transportation markets, headquartered in Lake Oswego, Oregon [2] - The company designs, builds, and markets freight railcars in North America, Europe, and Brazil, and is a major provider of freight railcar wheel services, parts, maintenance, and retrofitting services in North America [2] - Greenbrier owns a lease fleet of approximately 15,500 railcars, primarily originating from its manufacturing operations, and offers railcar management, regulatory compliance services, and leasing services to railroads and other railcar owners in North America [2]

Group 1: Company Performance - The Greenbrier Companies, Inc. (GBX) has seen a Zacks Consensus Estimate for its current year earnings increase by 18.2% over the last 60 days, and it holds a Zacks Rank 1 [1] - LATAM Airlines Group S.A. (LTM) has experienced a 26.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days, also holding a Zacks Rank 1 [2] - Sterling Infrastructure, Inc. (STRL) has had a 5.3% increase in the Zacks Consensus Estimate for its current year earnings in the past 60 days, maintaining a Zacks Rank 1 [3] Group 2: Growth Characteristics - The Greenbrier Companies has a PEG ratio of 1.81, which is lower than the industry average of 2.37, and it possesses a Growth Score of A [5] - LATAM Airlines Group has a PEG ratio of 0.65, significantly lower than the industry average of 1.38, with a Growth Score of B [6] - Sterling Infrastructure has a PEG ratio of 1.96, slightly below the industry average of 2.01, and it also has a Growth Score of A [7]

Core Insights - The article highlights three stocks with strong growth characteristics and buy ranks for investors to consider as of December 20th Group 1: Sterling Infrastructure, Inc. (STRL) - Sterling Infrastructure specializes in E-Infrastructure, Building, and Transportation Solutions primarily in the United States [2] - The company has a Zacks Rank 1 and has seen a 5.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Sterling Infrastructure has a PEG ratio of 1.95, which is lower than the industry average of 2.02, and possesses a Growth Score of A [3] Group 2: The Greenbrier Companies (GBX) - The Greenbrier Companies is a leading supplier of transportation equipment and services to the railroad and related industries [5] - The company carries a Zacks Rank 1 (Strong Buy) and has experienced an 18.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [5] - The Greenbrier Companies has a PEG ratio of 1.81 compared to the industry average of 2.36, and also possesses a Growth Score of A [5] Group 3: McKesson (MCK) - McKesson is a healthcare services and information technology company that distributes branded and generic pharmaceutical drugs globally [6] - The company holds a Zacks Rank 1 and has seen a 2.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [6] - McKesson has a PEG ratio of 1.25, significantly lower than the industry average of 3.66, and possesses a Growth Score of B [4]

Group 1 - McKesson is a health care services and information technology company that distributes branded and generic pharmaceutical drugs globally, holding a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for McKesson's current year earnings has increased by 2.3% over the last 60 days [1] - McKesson has a PEG ratio of 1.23, significantly lower than the industry average of 3.67, and possesses a Growth Score of A [2] Group 2 - The Greenbrier Companies is a leading supplier of transportation equipment and services to the railroad and related industries, also holding a Zacks Rank 1 [2] - The Zacks Consensus Estimate for The Greenbrier Companies' current year earnings has increased by 18.2% over the last 60 days [2]

Group 1: ZIM Integrated Shipping Services - ZIM Integrated Shipping Services is a global container liner shipping company with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for ZIM's current year earnings has increased by 35.7% over the last 60 days [1] - ZIM has a PEG ratio of 0.05, significantly lower than the industry average of 0.48, and possesses a Growth Score of A [2] Group 2: McKesson - McKesson is a healthcare services and information technology company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for McKesson's current year earnings has increased by 2.3% over the last 60 days [2] - McKesson has a PEG ratio of 1.25, compared to the industry average of 3.52, and possesses a Growth Score of B [3] Group 3: The Greenbrier Companies - The Greenbrier Companies is a leading supplier of transportation equipment and services to the railroad and related industries, also carrying a Zacks Rank 1 [3] - The Zacks Consensus Estimate for The Greenbrier's current year earnings has increased by 18.2% over the last 60 days [3] - The Greenbrier has a PEG ratio of 1.96, lower than the industry average of 2.59, and possesses a Growth Score of A [4]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: Greenbrier Companies (GBX) Analysis - Greenbrier Companies (GBX) has shown a price increase of 3.8% over the past four weeks, indicating growing investor interest [3] - GBX has gained 32% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 1.53, suggesting it moves 53% more than the market in either direction, indicating fast-paced momentum [4] - GBX has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [5] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [6] - GBX is trading at a Price-to-Sales ratio of 0.60, indicating it is reasonably valued at 60 cents for each dollar of sales [6] Group 3: Additional Investment Opportunities - Besides GBX, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in identifying potential winning stocks [8]

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, December 12:The Greenbrier Companies, Inc. (GBX) : This railroad freight car equipment company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.2% over the last 60 days.The Greenbrier Companies has a PEG ratio of 1.97 compared with 2.52 for the industry. The company possesses a Growth Score of A.LATAM Airlines Group S.A. (LTM) : This aviat ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, December 6:The Greenbrier Companies, Inc. (GBX) : This railroad freight car equipment company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.2% over the last 60 days.The Greenbrier Companies has a PEG ratio of 1.98 compared with 2.55 for the industry. The company possesses a Growth Scoreof A.LATAM Airlines Group S.A. (LTM) : This aviatio ...