earnings
confidence high
sentiment positive
materiality 0.70
Greenbrier posts Q2 GAAP EPS $0.97, revenue $1.1B; backlog $3.1B, fleet utilization 98.7%
GREENBRIER COMPANIES INC
2023-Q2 EPS reported
$0.49
revenue$1,888,500,000
- GAAP EPS $0.97, adjusted EPS $0.99 (excl. Gunderson exit costs); revenue $1.1B vs $766.5M in Q1.
- New railcar orders 4,500 units ($580M); deliveries 7,600; backlog 25,900 units valued at $3.1B.
- Fiscal 2023 guidance: deliveries 23,000-25,000 units, revenue $3.4-3.7B, gross margin low-double-digits.
- Fleet utilization 98.7%; liquidity $816M; repurchased 575k shares for $17M; $75M authorization remaining.
- Board declares $0.27/quarter dividend payable May 16; 36th consecutive quarterly dividend.