earnings
confidence high
sentiment neutral
materiality 0.75
Greenbrier Q1 net loss $17M ($0.51 GAAP EPS) on $767M revenue; adjusted EPS $0.05; Portland facility impairment $24M
GREENBRIER COMPANIES INC
2023-Q1 EPS reported
-$0.51
revenue$766,500,000
- GAAP net loss $17M ($0.51/diluted share); adjusted net earnings $1.6M ($0.05/diluted share).
- Revenue $767M, down from $951M in Q4; gross margin 9.1% vs 13.4% sequentially.
- New railcar orders 5,600 units ($700M); backlog 28,300 units ($3.4B); book-to-bill 1.2x.
- Ceasing manufacturing at Portland facility; recorded $24M non-cash impairment of long-lived assets.
- Post-quarter acquired minority interest in GBX Leasing; FY23 guidance: deliveries 22k-24k, revenue $3.2-3.6B.