Financial Data and Key Metrics Changes - Net earnings for Q3 2025 were $60.1 million or $1.86 per share, showing an increase both sequentially and year-over-year [5] - Revenue reached $843 million, improving by 11% sequentially [22] - Aggregate gross margin remained robust at 18%, marking the seventh consecutive quarter at or above the mid-teens long-term target [5][22] - Return on invested capital (ROIC) was 12.9%, within the target range of 10% to 14% [24] Business Line Data and Key Metrics Changes - The company delivered 5,600 new railcars in Q3, with a manufacturing gross margin of 13.6% remaining steady from Q2 [13] - Recurring revenue from leasing and fleet management reached nearly $165 million over the last four quarters, representing nearly 50% growth from two years ago [14] - Fleet utilization remained high at 98%, with modest growth in the leased fleet [14] Market Data and Key Metrics Changes - The global new railcar backlog stood at nearly 19,000 units, providing strong visibility in new railcar markets [18] - In Europe, railcar orders are driven by necessity, but activity is expected to be muted until economic conditions improve [19] - Demand in Brazil is modestly increasing as customers complete infrastructure investments [20] Company Strategy and Development Direction - The company is focused on doubling recurring revenues by fiscal 2028 and has renewed two bank facilities totaling $850 million [8] - Strategic initiatives include European footprint rationalization and North American insourcing projects, expected to yield annual savings of at least $10 million [6][7] - The company aims to maintain a disciplined approach to growing its lease fleet, ensuring predictable revenue and cash flow [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market conditions in the medium to long term, anticipating a strong finish to the fiscal year [12] - The company is well-positioned to navigate various market conditions and capitalize on opportunities as liquidity is at its highest level since 2023 [9][11] - Management noted that the aging North American railcar fleet is a key driver for steady growth in the railcar maintenance market [18] Other Important Information - The company repurchased approximately $22 million of shares during the quarter, reflecting confidence in its long-term strategy [12] - The tax rate for the quarter was 23%, better than expected due to the strengthening Mexican peso [24] - The company updated its guidance, raising aggregate gross margin percent and operating margin percent for the remainder of fiscal 2025 [27] Q&A Session Summary Question: Guidance on interest and FX line items - Management expects interest expense to be in the 22% to 25% range for the quarter, with FX having a significant impact [31][32] Question: Production rates and order levels - Management has been adjusting production rates based on market demand and has a strong backlog of 19,000 cars, indicating future demand [38][40] Question: Confidence in order levels given low backlog - Management expressed confidence in converting demand into orders once trade policies stabilize, with several catalysts expected to drive demand [49][51] Question: Mix of deliveries and leased cars - The company is becoming more active in the used car market to balance its leasing business and is committed to growing the leasing fleet [58]

Group 1 - Greenbrier Companies, Inc. announced its fiscal third 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, accessible via Greenbrier's Investor Relations website [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 16,700 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]

Company Overview - Greenbrier Companies 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 16,700 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] Financial Performance - Greenbrier announced a quarterly cash dividend of $0.32 per share, marking its 45th consecutive quarterly dividend [1]

Q4 2019 & Full Year 2019 Performance - Q4 2019 revenues were $400 million, a 21% increase compared to 2018[12] - Q4 2019 GAAP operating income was $20 million, a 29% decrease compared to 2018[12] - Q4 2019 adjusted operating income was $31 million, a 12% increase compared to 2018[12] - Full year 2019 revenues were $1.504 billion, a 12% increase compared to 2018[30] - Full year 2019 GAAP operating income was $104 million, a 20% decrease compared to 2018[30] - Full year 2019 adjusted operating income was $148 million, a 12% increase compared to 2018[30] Segment Performance - Harsco Environmental Q4 2019 revenues were $243 million, a 7% decrease compared to 2018[15] - Harsco Clean Earth Q4 2019 revenues were $82 million, a 22% increase compared to 2018[20] - Harsco Rail Q4 2019 revenues were $75 million, an 8% increase compared to 2018[25] 2020 Outlook - The company projects low-single digits percentage increase in revenues and adjusted EBITDA for 2020 versus 2019[32] - The company projects Clean Earth revenues of $310 to $330 million, a high-single digits growth year-over-year[32] - The company projects Rail revenues to increase approximately 30% at the mid-point of the range[32]

Company Participation - FreightCar America, Inc. will participate in the Noble Capital Markets Virtual Equity Conference on June 4, 2025 [1] - The company's President and CEO, Nick Randall, along with CFO Mike Riordan, will host one-on-one meetings with investors throughout the day [1] Company Overview - FreightCar America is a diversified manufacturer and supplier of railroad freight cars, railcar parts, and components [3] - The company specializes in railcar repairs, complete railcar rebody services, and railcar conversions to repurpose idled rail assets back into revenue service [3] - Established in 1901, FreightCar America has been trusted by customers to build quality railcars that are critical to economic growth and the North American supply chain [3]

Core Insights - Greenbrier Companies, Inc. announced the renewal and extension of two bank facilities totaling $850 million, which includes a $600 million domestic revolving facility and a $250 million term loan, both extended by five years until 2030 [1][2] - The company has strategically realigned its debt profile to feature more non-recourse borrowing, following two successful Asset Backed Security offerings in 2022 and 2023, and has repaid $180 million of recourse debt [2] - Greenbrier maintains a lease fleet of approximately 16,600 railcars and is a leading provider of freight railcar wheel services, parts, maintenance, and retrofitting services in North America [3] Financial Strategy - The renewal and extension of bank facilities demonstrate Greenbrier's purposeful approach to debt management and capital deployment, aimed at maximizing shareholder returns [2] - The company emphasizes the importance of a healthy liquidity position as a cornerstone of its strategy to navigate various market conditions [2] Company Overview - Greenbrier is headquartered in Lake Oswego, Oregon, and is a leading international supplier of equipment and services to global freight transportation markets [3] - The company designs, builds, and markets freight railcars in North America, Europe, and Brazil, and offers railcar management and regulatory compliance services [3]

Core Viewpoint - FreightCar America, Inc. will participate in the Wolfe 18th Annual Global Transportation & Industrials Conference on May 20, 2025, indicating its engagement with investors and the industry [1]. Company Overview - FreightCar America is a diversified manufacturer and supplier of railroad freight cars, railcar parts, and components, headquartered in Chicago, Illinois [3]. - The company specializes in railcar repairs, complete railcar rebody services, and railcar conversions, which repurpose idled rail assets back into revenue service [3]. - Established in 1901, FreightCar America has built a reputation for quality railcars that are essential for economic growth and the North American supply chain [3].

First Half Fiscal 2025 Revenue Growth and Positive Cash from Operations Outpace Prior Year Period ASHLAND, Ky., May 12, 2025 (GLOBE NEWSWIRE) -- TX Rail Products, Inc. (OTC Markets PINK: TXRP), a supplier of rail and rail products to the U.S. coal mining industry, short line railroads and tunneling contractors, today announced financial results for the second quarter of fiscal year 2025. Net cash used in investing activities was $0 for the first six months of fiscal 2025 and ($178,000) for the first six mon ...

Gross Profit Increased 26% with Gross Margin Expanding 780 Basis Points Generates Quarterly Operating Cash Flow of $13 million and Adjusted Free Cash Flow of $12 million Strong Order Intake Supports Reaffirmed Full Year Guidance CHICAGO, May 05, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the first quarter ended March 31, 20 ...

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving The Greenbrier Companies, Inc. and its officers or directors [1]. Financial Performance - On April 7, 2025, Greenbrier reported fiscal Q2 2025 results, with non-GAAP earnings per share of $1.69, missing consensus estimates by $0.09 [3]. - The company reported revenues of $762.1 million, which fell short of consensus estimates by $136.43 million and represented a year-over-year decline of 11.7% [3]. - Following the financial report, Greenbrier's stock price dropped by $5.11 per share, or 11.42%, closing at $39.63 per share on April 8, 2025 [3]. Operational Changes - Greenbrier announced the closure of a facility in Romania, attributing the decision to market conditions and a comprehensive analysis in Europe [3].