The Greenbrier panies(US:GBX)2025-10-28 20:19Financial Performance - Greenbrier reported Q4 diluted EPS of $1.16, with core diluted EPS of $1.26, and full-year diluted EPS of $6.35, reflecting a strong fiscal 2025 performance[1][5] - Fiscal 2025 net earnings attributable to Greenbrier reached $204 million, with core net earnings of $212 million, marking significant growth[5][9] - The company achieved a record core EBITDA of $512 million for fiscal 2025, representing 16% of revenue[9] - Total revenue for the year ended August 31, 2025, was $3,240.2 million, a decrease of 8.6% from $3,544.7 million in 2024[20] - Net earnings attributable to Greenbrier for 2025 were $204.1 million, up 27.5% from $160.1 million in 2024[20] - Basic earnings per common share increased to $6.55 in 2025, compared to $5.15 in 2024, representing a growth of 27.1%[20] - The company reported a margin of $607.5 million for the year, an increase from $558.5 million in 2024[20] - The company reported a core EBITDA of $512.3 million for the year ended August 31, 2025, with a core diluted earnings per share of $6.59[35][38] Revenue and Orders - New railcar orders in Q4 totaled 2,400 units valued at over $300 million, contributing to a backlog of 16,600 units worth an estimated $2.2 billion[9] - Total revenue for fiscal 2024 reached $3,544.7 million, with manufacturing contributing $3,312.4 million and leasing & fleet management contributing $232.3 million[30] - The Leasing & Fleet Management segment generated recurring revenue of $168.8 million for the year ended August 31, 2025[24] - The company delivered a total of 22,000 units for the year ended August 31, 2025, including 17,500 units from direct sales[33] Operational Metrics - Greenbrier's lease fleet grew nearly 10% to 17,000 units, maintaining a robust utilization rate of 98%[9] - Greenbrier's lease fleet increased to 17,000 units by the end of August 2025, with 6,500 railcars added during the year[24] - Core return on invested capital (ROIC) improved to 10.9% for the year ended August 31, 2025, up from 8.3%[41] Future Guidance and Investments - For fiscal 2026, Greenbrier provided guidance of revenue between $2.7 billion and $3.2 billion, with EPS expected to range from $3.75 to $4.75[10] - The company plans to invest up to $300 million annually over the next five years to double recurring revenue from leasing and management fees[23] Shareholder Returns - The company repurchased 517,000 shares for $22 million in fiscal 2025, with $78 million remaining under the current share repurchase program[9] - Greenbrier's quarterly dividend of $0.32 per share was approved, marking the 46th consecutive quarterly dividend[9] - Dividends per common share increased to $1.24 in 2025, compared to $1.20 in 2024[20] Cash Flow and Debt - Cash flows from operating activities for 2025 were $265.7 million, a decrease from $329.6 million in 2024[21] - Total cash and cash equivalents at the end of the period were $306.1 million, down from $351.8 million at the end of 2024[21] - Total funded debt increased to $1,773.1 million as of August 31, 2025, compared to $1,560.5 million as of February 28, 2023[41] Cost Management - The company expects annualized savings of $20 million from ongoing European facility rationalization efforts, which included the closure of two additional facilities[5][9] - The company incurred facility-related rationalization costs of $12.4 million for the year ended August 31, 2025[35] Backlog and Assets - The ending backlog as of August 31, 2025, was 16,600 units, down from 18,900 units at the beginning of the period[33] - The total assets as of August 31, 2025, were $4,360.6 million, reflecting a slight increase from $4,353.2 million as of May 31, 2025[32]